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Economic Development

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IEDA board announces awards representing $23 million in capital improvements, creation of 76 jobs

An Ames plastics manufacturer and three Central Iowa startups, including a smart toilet seat maker and a tilapia farm, were awarded financial assistance today from the Iowa Economic Development Board.

The board also awarded tax …

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Iowa’s March unemployment rate rises to 3.7%

Iowa’s seasonally unemployment rate was 3.7% in March, up from 2.7% a year ago, according to Iowa Workforce Development.

The unemployment rate, however, reflects just a portion of the impact that the shutdown of Iowa …

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SMART conference postponed

Organizers for the SMART Economic Development Conference, scheduled for May 14, announced that it has been postponed because of the COVID-19 pandemic. “Every year, we look forward to connecting with our economic development community. … …

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Iowa’s economic growth lagged U.S. in 2019

Corridor Business Journal: New data from the U.S. Bureau of Economic Analysis shows that Iowa saw real GDP growth of 1.3% in the fourth quarter of 2019, but less than 1% for the entire year. GDP …

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NOTEBOOK – One Good Read: Economist: More than half of Americans to be directly subsidized by Uncle Sam

The federal government is now on track to directly subsidize more than half of the U.S. workforce. That eye-popping estimate comes courtesy of economist Martin Sullivan, a veteran of the Treasury and Congress’ Joint Committee …

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Iowa’s February unemployment rate remains at 2.8%

Iowa’s unemployment rate remained unchanged at 2.8% in February but will likely more than double by April if newly filed claims continue to climb.

In February, 49,300 Iowans received unemployment benefits, according to data released …

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NOTEBOOK: What’s new with foreign trade zones?

Foreign trade zones — a longstanding economic development tool with a tepid take-up rate among Iowa companies — have gotten a little bit of a boost lately. 

The Greater Des Moines Partnership, which administers the …

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SBA guarantees $6.8M Central Iowa loans in February

Before the coronavirus pandemic made its way to Iowa, the U.S. Small Business Administration in February backed $6,831,000 in five Central Iowa loans. 

Those five loans are expected to create 37 jobs and retain 60. …

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Rural Mainstreet Index takes largest monthly fall ever; majority of rural Midwest bankers anticipate recession

The Creighton University Rural Mainstreet Index  plummeted in March to its lowest level since October 2016, as six out of 10 rural bankers in the Midwest say they expect the coronavirus threat will produce a recession. 

According to …

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Pre-crisis Iowa Leading Indicators report shows index decline in January

The Iowa Leading Indicators Index for January — which does not account for more recent changes in economic activity due to the global pandemic — decreased 0.3% to 106.5 in January, from a revised 106.8 …