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SBA backs $6.8 million in Central Iowa loans

The U.S. Small Business Administration backed 16 private loans to Central Iowa businesses in October, the second-highest total this year next to May’s 17.

The businesses that took out loans approved by the SBA in …

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Boeing commits $6M to ISU Student Innovation Center

Boeing made a $6 million commitment to Iowa State University, with a “significant portion” dedicated to the construction of the upcoming Student Innovation Center, ISU announced this morning.

Announced in January 2017, the approximately 140,000-square-foot…
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Nationwide to lay off 80 in Des Moines

Nationwide insurance will lay off about 80 workers at its downtown Des Moines office, part of 1,100 layoffs nationally, the Des Moines Register reported. Nationwide spokesman Joe Case said workers were told today that they would …

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Ag Startup Engine companies surpass $10 million in investments

The Ag Startup Engine’s seven initial agricultural startup companies have collectively raised more than $10 million in follow-on investments, the organization announced today. The seven portfolio companies within ASE at Iowa State University Research Park have also …

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Jim Register hired as CEO of Iowa Innovation Corp.

The Iowa Innovation Corp. has hired Jim Register as president and CEO to lead IICorp as the entity transitions into a new Iowa biosciences development center, reports the Iowa Economic Development Authority. Register will bring together …

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UI receives ‘transformational’ biomedical engineering grant

The Roy J. Carver Charitable Trust has committed $12 million to fund research in the Department of Biomedical Engineering at the University of Iowa College of Engineering, reports the Corridor Business Journal. The grant brings the …

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UTC leases high-profile West Palm Beach office space

Corridor Business Journal: United Technologies Corp. quietly leased the 18th floor of the west tower of Phillips Point, a high-profile waterfront office complex in West Palm Beach, Fla., earlier this year to house its expanded aerospace …

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10,000 Small Businesses seeks applicants for second cohort

Iowa small-business owners who are looking for ways to broaden their operations will want to consider a new training program being offered by Iowa’s community colleges, in conjunction with one of the largest U.S. financial…
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House sales and pending sales rose; prices dropped last month in Greater Des Moines

Greater Des Moines house sales increased 9 percent in October, though the median sales price dropped 5.5 percent to $191,200 from $202,500 in September and 4.4 percent from $200,000 in October 2017, the Des Moines …

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Rosburg named regional sales director for Boston Mutual Life

Boston Mutual Life Insurance Co. has appointed Doug Rosburg as regional sales director for the company’s Heartland region, which includes Iowa, Missouri, Kansas, Nebraska and Colorado. Rosburg, an Iowa State University alumnus, was most recently …