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Economic Development

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Collins Aerospace to lay off 65 employees in Decorah, Bellevue

Cedar Rapids Gazette: Collins Aerospace will lay off 65 employees in Decorah and Bellevue as of Jan. 2, according to a WARN notice filed with Iowa Workforce Development. The company will eliminate 36 positions in …
By BPC Staff | Dec 8, 2020
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$20.4M in tax credits awarded to Iowa historic preservation projects

The Iowa Economic Development Authority awarded $20.4 million in Historic Preservation Tax Credits to 10 projects. IEDA received 19 applications requesting $36.9 million in tax credits during the November application round; the next registration round …
By BPC Staff | Dec 4, 2020
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Survey: Over half of small businesses looking to hire, having difficulty finding workers

U.S. small businesses reported a historically high level of job openings in November, according to the November monthly jobs report from the National Federation of Independent Business NFIB’s monthly jobs report. Overall, 53% reported hiring …
By BUSINESS RECORD STAFF | Dec 4, 2020
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SBA names Top Lender Award winners for Iowa

The U.S. Small Business Administration’s Iowa District Office on Tuesday announced the winners of its Top Lender awards for Fiscal Year 2020. U.S. Bank, which was recognized as both the SBA’s Top Overall Lender and …
By BPC Staff | Dec 3, 2020
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Thousands of Iowans face loss of jobless benefits if federal stimulus bill stalls

More than 44,000 Iowans who have exhausted their state unemployment benefits face a severe financial crisis if a federal safety net is allowed to expire in late December, economists say.

The federal CARES Act went into …
By KATHY A. BOLTEN | Dec 3, 2020
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SBA releases detailed data on Paycheck Protection Program loan recipients

The U.S. Small Business Administration on Tuesday released detailed loan information for millions of borrowers under the Paycheck Protection Program, the Wall Street Journal reported. The disclosure, ordered by a federal judge in response to a lawsuit …
By BPC Staff | Dec 2, 2020
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U.S. Bank, Lincoln Savings top SBA lenders in Iowa for fiscal ’20

The dollar amount of U.S. Small Business Administration-backed loans made in Iowa increased by 39% in fiscal 2020, with $233.7 million in loans during the fiscal year ended Sept. 30, compared with $168.1 million in …
By JOE GARDYASZ | Dec 2, 2020
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Partnership’s Woodard named to emerging leaders list

Andrea Woodard, senior vice president of government relations and public policy at the Greater Des Moines Partnership, has been named to the Association of Chamber of Commerce Executives’ 40 Under 40 list of emerging leaders. …
By BPC Staff | Nov 25, 2020
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Leaders Survey 2020: Problems illuminated by pandemic, yet resilience still evident

When pulling together the results of our 2020 Leaders Survey, I was not surprised to see that answers were in some ways quite different from last year. This year has simply been an outlier. 

Our …
By BPC Staff | Nov 24, 2020
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IEDA board approves award for Japan-based company to expand to Iowa

The Iowa Economic Development Authority board on Friday approved awards to three established companies, including Spiber America LLC, which will expand its operation to Clinton. It also approved assistance to five startups.

According to a news …
By MICHAEL CRUMB | Nov 23, 2020