AABP EP Awards 728x90

Economic Development

DSC 6869

Majority of SBA loan recipients failed to provide demographic information

Among the questions asked about the Small Business Administration’s forgivable loan program has been whether the aid is reaching minority business owners.

The short answer? It’s difficult to know.

That’s because 75% of the applicants …

DSC 6869

State awards $2.6M in Catalyst funding to rejuvenate Iowa downtowns

The Iowa Economic Development Authority awarded $2.6 million in Community Catalyst Building Remediation grants to 26 Iowa communities this week. The program was initiated in 2018 by IEDA, and designates $100,000 per community for redevelopment, …

DSC 6869

Thousands of Iowa jobs protected by Paycheck Protection Program, newly released data shows

The U.S. Small Business Administration today released some information about the Paycheck Protection Program, designed to help small companies retain workers during the pandemic. The chart shows the number of Iowa companies that received loans, …

DSC 6869

IEDA awards $21.9 million for historic preservation

Fifteen projects have been awarded nearly $22 million in historic preservation tax credits, the Iowa Economic Development Authority announced today. The Historic Preservation Tax Credit Program provides a state income tax credit for the restoration …

DSC 6869

NOTEBOOK: ISU economist foresees reduced demand for durable goods made in Iowa

Initial unemployment claims by Iowa manufacturing employees, which peaked at nearly 16,000 in late March, have tapered somewhat but still remain the highest among all of Iowa’s industry sectors. 

For the week ending June 6, …

DSC 6869

New jobless benefit claims tick up slightly while continuing claims drop

The number of continuing weekly claims declined to 143,488 from the adjusted number of 152,781 the prior week. The number of initial unemployment claims filed last week totaled 8,300, up slightly from the adjusted number …

DSC 6869

Workforce Development receives $3.45M federal grant for registered apprenticeships

Iowa Workforce Development has been awarded $3.45 million by the U.S. Department of Labor in grant funds to help Iowa expand its registered apprenticeship program. IWD will administer the money, which will support 823 new registered apprentices …

DSC 6869

Iowa Leading Indicators Index slows its decline in May

A monthly index of leading indicators tracked by the Iowa Department of Revenue strongly suggests that the Iowa economy will continue to show weakness for the end of the fourth quarter of fiscal 2020 and …

DSC 6869

Challenges, solutions shared to bridge gaps in racial inequity

Solutions need to be found in areas such as financial inclusion, housing, education, health, employment and education if true racial equity is to be achieved in the Greater Des Moines area, organizers of the One …

DSC 6869

Small gains in optimism in Iowa Business Council’s Q2 Economic Outlook Survey

A survey of chief decision-makers at Iowa’s largest employers shows a slight increase in optimism, with 80% saying they plan to rehire laid-off or furloughed workers in the coming months, according to the Iowa Business …

oakridge web 040125 300x250