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Economic Development

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Investor optimism sheds seven years of gains in past quarter, Wells Fargo study finds

After reaching a 20-year high in the first quarter, U.S. investor optimism tumbled in the second quarter amid mounting economic fallout from COVID-19, as indicated by a quarterly survey released Wednesday by Wells Fargo and …

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Rural bankers survey shows weak economy continues

A survey of rural bank CEOs showed a continued economic downturn in June, with one-third of those surveyed reporting shutdowns of ethanol plants in their communities, according to the recently released Creighton University Rural Mainstreet …

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2020 SMART Conference canceled

The SMART Economic Development Conference, which had been postponed because of the coronavirus pandemic, has now been canceled, organizers said. The event, hosted by the Iowa Economic Development Authority and Iowa Utility Association, draws about …

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Report: Iowa has lost over $239M in tax revenue to date

Corridor Business Journal: Iowa has lost a total of $239.3 million in state and local tax revenue, according to a new report by Oxford Economics released yesterday by the American Hotel & Lodging Association. The bulk …

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10% of Iowans unemployed in May, according to new report

Iowa’s seasonally adjusted unemployment rate was 10% in May, down slightly from April’s rate of 10.2%, Iowa Workforce Development reported today.

The May 2019 rate was 2.7%.

“Given Iowa did not begin to reopen until …

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Vendors vent fears over State Fair’s cancellation with Axne

Crowds gather in a free entertainment area of the Iowa State Fair in 2019. This year’s fair has been canceled because of the coronavirus pandemic and fears of the inability to maintain social distancing guidelines. Photo …

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Ruan CEO to lead Iowa Economic Recovery Advisory Board

Gov. Kim Reynolds today signed an executive order establishing the Governor’s Economic Recovery Advisory Board. The advisory board, which will be led by Ben McLean, CEO of Ruan Transportation Management Systems, will focus on modernizing Iowa’s economy …

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Iowa Leading Indicators drop 1.7% in April; second-largest one-month decrease

An index of leading indicators for the state’s economy shows that Iowa is heading into a recession. 

The Iowa Leading Indicators Index for April decreased by 1.7%, bringing the index to 101.3 for the month. The decline …

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Mid-America Business Index: ‘Manufacturing sector trapped in a recession’

Iowa continued to slump into recession range in May, despite showing signs of slight improvement from April, according to the Mid-America Business Index report from Creighton University, released today.

The index, an economic indicator for …

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Survey: Majority of ABI board members say companies’ hiring is steady or growing

Iowa manufacturers are feeling cautiously optimistic about the economy, according to the results of the latest ABI Quarterly Iowa Business Survey. Of the ABI board members surveyed, 43% said they expect sales to expand over the next …