I don't know, but I think Drake has a good reputation around the state. I've never heard anything bad about it. I'll let someone from DM answer that more definitively though.
I really just wanted to comment on the job loss part of your post. Iowa actually has the 6th lowest unemployment rate in the US, according to CNN Money:
Unemployment rates - Unemployment rates by state from CNNMoney
We have lost jobs, but so has every other state. Manufacturing is being hit hard with layoffs all over the place, but most of our other industries are still going relatively strong.