IDED to IPEP
A look at the one-year transformation of Iowa's economic development agency
The Iowa Department of Economic Development (IDED) underwent major changes last year, morphing from a state agency into a public-private partnership. Tasked with the lofty goal of creating 200,000 jobs and increasing family incomes by 25 percent, the agency has a lot of work ahead of it.
“A big part of this is understanding the separation that must occur as a good governing principle, but at the same time knowing what each other is doing so that we are moving the state forward and meeting the goals and objectives the governor and lieutenant governor have put forward,” said Debi Durham, the state’s economic development director.
Here’s a look back at all of the changes that occurred, and a breakdown of each of the agencies involved in the change.
Iowa Economic Development Authority (IEDA): State Agency
The organization, formerly known as the Iowa Department of Economic Development (IDED), markets the state to attract and retain businesses. Durham said that from an outside perspective, IEDA looks and functions the same as IDED. It still does the work the Legislature deems necessary and operates in the public arena, she said. However, it now has greater flexibility for funding opportunities, which in time can put the authority on a path to be self-sufficient.
The IEDA board is confirmed by the Senate and meets on a monthly basis. Legislation dictates that board members include two members from each of Iowa’s four newly formed congressional districts and three at-large members.
Board members include:
• Dawn Ainger, Genova Technologies Inc.; resident of Hiawatha
• David Bernstein, State Steel Supply Co.; resident of Sioux City
• Pete Brownell, Brownells; resident of Grinnell
• Dr. Ted Crosbie, Monsanto Co.; resident of Earlham
• Brenda Cushing, Aviva USA; resident of West Des Moines
• Larry Den Herder, Interstates Cos.; resident of Sioux Center
• Kaye DeLange, Cargill Inc.; resident of Fremont
• John Lisle, Lisle Corp.; resident of Clarinda
• Rosemary Parson, FBL Financial Group Inc.; resident of Urbandale
• Delia Meier, Iowa 80 Group Inc.; resident of Eldridge
• Daniel White, John Deere Dubuque Works; resident of Dubuque
Iowa Partnership for Economic Progress board
The Iowa Partnership for Economic Progress board is made up of CEOs from the state’s major industries. It meets quarterly to help devise economic development strategies for IEDA and the Iowa Innovation Corporation by providing high-level market intelligence. Durham said the group helps pinpoint problems in the various industries that the state authority and innovation corporation can work on. It could also identify types of legislation that could allow Iowa to be more competitive businesswise. Durham said during its first meeting in January, the group discussed the state’s need for skilled workers.
Board members include:
• Co-chairs Gov. Terry Branstad, Lt. Gov. Kim Reynolds
• Bill Fehrman, president and CEO, MidAmerican Energy Co.
• Paul Schickler III, president, Pioneer Hi-Bred International Inc., a DuPont business
• Larry Zimpleman, chairman, president and CEO, Principal Financial Group Inc.
• John Smith, chairman of the board, CRST International Inc.
• Toby Shine, president, Shine Bros. Corp.
• Mary Andringa, president and CEO, Vermeer Corp.
• Marti Rodamaker, owner, First Citizens National Bank
• Ken Lockard, chairman, Lockard Cos.
• Tom Aller, president, Interstate Power and Light Co., Alliant Energy Corp.
• Roger Underwood, co-founder, Becker-Underwood Inc.
• Clay Jones, Chairman, president and CEO, Rockwell Collins Inc.
Iowa Innovation Corp.: Nonprofit Corporation
The Iowa Innovation Corp. operates independently with funding from the private sector and with federal grants. Durham said the newly formed organization is still developing programs and initiatives, as well as working on getting its seed capital up and running. The group handles things that have to do with the “innovation ecosystem,” Durham said, such as initiatives to bring more research dollars to state, and helping start-ups.
Board members include:
• Chairman Robert Riley, Jr., president and CEO, Feed Energy Co.
• Jamie Zanios, vice president, North Iowa Area Community College
• Peter Hemken, retired, E.I. du Pont de Nemours and Co.
• Scott Norvell, president and CEO, Master Builders of Iowa
• Cara Heiden, retired, Wells Fargo Home Mortgage Inc.
• Sarah Hasken, vice president and corporate secretary, A.Y. McDonald Manufacturing Co.
• Chris Nelson, president and CEO, Kemin Industries Inc.