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Economic Development

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Iowa’s unemployment trust fund remains solvent even as state pays out record amount in jobless benefits

Out-of-work Iowans in 2020 have received a record $1.185 billion in benefits from unemployment compensation, an amount that eclipses jobless benefits paid annually during the recession, a review of Iowa Workforce Development data shows.

But …

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SBA backs $6.7M in Central Iowa loans in November

The U.S. Small Business Administration in November backed $6,740,000 in loans to Central Iowa businesses. 

Those 13 loans are expected to create 82 new jobs and retain 63. Among the top loans in November: 

Big…
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IEDA board awards tax credits to pet food maker, lip care company

The Iowa Economic Development Authority today approved tax credits to a pet food maker in Dubuque and a lip care products maker that wants to move to Cedar Rapids.

Combined, the companies plan to create …

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Iowa’s unemployment rate drops to 3.6%

Iowa’s seasonally adjusted unemployment rate in November was 3.6%, a slight drop from October’s rate of 3.7%, Iowa Workforce Development announced today. A year ago, the state’s jobless rate was 2.8%. The number of unemployed …

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United Way study: Iowa’s low-income families hardest hit by pandemic

Low-income families in Iowa have suffered disproportionately in their ability to pay for basic essentials during the pandemic, according to a new report released by United Ways of Iowa. 

More than half of the low-income …

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Iowa Business Council releases agenda for 2021 Legislature

The Iowa Business Council today released its legislative agenda for 2021, focusing on child care, broadband, housing and competitive tax policy for the session that is scheduled to convene on Jan. 11. 

Business Council President …

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Central Iowa Water Trails Consortium seeks input on project through Dec. 23

The Central Iowa Water Trails Consortium is asking for help to guide the vision of the transformational community project looking to connect Iowa with its river roots. Leadership has opened a survey for community feedback on …

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Employment growth likely to continue to weaken, but rate may slow, Leading Indicators Index reports

October marks the first month since February 2020 that the Iowa Leading Indicators Index has not shown recessionary signals. However, the October report suggests that employment growth will continue to weaken over the next three …

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Wells Fargo economists foresee healthy recovery for U.S. in second half of 2021

A return to normal from the coronavirus pandemic remains the biggest known wild card for both the U.S. and global economies, and the pace of the pending vaccine rollout could accelerate or put the brakes …

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Panelists speculate on future of office space during discussion about downtown Des Moines

An outdoor entertainment arena that would include a stadium for soccer and other events could be located on the former Dico Inc. site that has been unused for 25 years. Photo by Duane Tinkey

It may…
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