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State unemployment rate remains at 2.5 percent

Iowa’s seasonally adjusted unemployment rate remained at 2.5 percent through September, an 18-year low for the state, as the U.S. unemployment rate declined to 3.7 percent, Iowa Workforce Development reported this morning. The number of …

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C.R. Bankers Trust president leaves amid newbo evolve fallout

Market president Pat Deignan has left Bankers Trust of Cedar Rapids in the ongoing fallout from failed festival newbo evolve, after the bank is still owed most of a $2.25 million line of credit with …

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Gravitate Downtown plans intro to startup scene


Gravitate Coworking Downtown will host the Intro to the Des Moines Startup Scene on Nov. 8 as a way to introduce both the city newcomers and the longtime residents just starting to think about founding …

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SBA backs 405 loans for $169.6 million in FY18

The U.S. Small Business Administration guaranteed 405 private loans for a combined $169.6 million in fiscal year 2018, which ended Sept. 30.

That was slightly fewer than the 455 loans backed for a combined $155 …

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Riverfront skate sculpture to spell ‘wow’

Community leaders have long said that the Lauridsen Skatepark would give a “wow” factor to the metro and its developing riverfront adventure park. Now they want to spell it out in 12-foot-high letters in metal …

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Financing slows progress on conversion of downtown landmark to luxury hotel

Folks following the redevelopment of the Midland Building into a luxury hotel will have to wait a little longer than anticipated for its opening. The Des Moines City Council will be asked Monday to approve …

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Merle Hay Mall owners seek county loan to buy abandoned Younkers and Sears stores

The Polk County Board of Supervisors will vote Tuesday on a $2.5 million loan to the Chicago-based owners of Merle Hay Mall to help with the purchase of the shuttered Younkers and Sears stores at …

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Interchange at highways 330 and 65 opens

The new diamond interchange that connects Iowa Highway 330 to U.S. Highway 65, Iowa Highway 117 and Jasper County Road F-17 northeast of Bondurant opened today, the Iowa Department of Transportation announced. Detours have ended. …

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Acker receives Inspiring the Next Generation award

The World Food Prize presented the inaugural “Inspiring the Next Generation” award to Iowa State University Associate Dean David Acker. Presented during the Laureate Award Ceremony on Thursday night at the Iowa Capitol, the award …

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LMC, Wellmark to collaborate on insurance pool for midsized companies

LMC Insurance and Risk Management announced today it has collaborated with Wellmark Blue Cross and Blue Shield to offer a new type of health insurance pool option for small to medium-sized employers in Iowa that …