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Economic Development

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Partnership unveils 2013 legislative agenda

The Greater Des Moines Partnership unveiled its 2013 State Legislative Agenda at its annual luncheon today at the Renaissance Des Moines Savery Hotel.

For the last several months, the Partnership met with its investors, chamber affiliates, …

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Iowa economy moves forward

Reports today from the Iowa Department of Revenue and the private Iowa Business Council reveal a state economy that is improving, although business leaders temper their optimism.

The state revenue department’s leading indicators index improved …

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Corporations profit during recovery, but not wage earners

Just four years after the worst shock to the economy since the Great Depression, U.S. corporate profits are stronger than ever, CNNMoney reported.

In the third quarter, corporate earnings were $1.75 trillion, up 18.6 percent …

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Reynolds to lead trade mission

Lt. Gov. Kim Reynolds will lead a trade mission to Vietnam and the Philippines Feb. 22 to March 2.

This trade mission will focus on increasing exports of Iowa pork to Southeast Asia and fostering …

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New data center to be built in Altoona

Enseva LLC, a Waterloo-based company that specializes in “next-generation data centers,” announced Tuesday that it will build a $12 million project in Altoona.

The company in August paid $400,000 for 13 acres of land directly …

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Economic activity dropped in October

The Federal Reserve Bank of Chicago said today its index of national economic activity dipped into negative territory in October. All four broad categories of indicators that make up the index decreased from September. The …

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Iowa unemployment rate edges down to 5.1 percent

Iowa’s unemployment rate inched down to 5.1 percent in October from 5.2 percent in September, according to new Iowa Workforce Development (IWD) figures.

There are still 83,800 unemployed Iowans, but that number is down from …

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Orascom’s Iowa Fertilizer Co. begins construction

Iowa Fertilizer Co. held a groundbreaking ceremony on Monday to mark the start of construction work for its new nitrogen fertilizer production plant in Lee County in southeast Iowa.

The $1.4 billion fertilizer plant, one …

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Economy adding muscle, analysts say

The U.S. economy looks set to weather the headwinds from Hurricane Sandy and the budget battles in Washington after picking up speed in the third quarter, Bloomberg said.

The gross domestic product (GDP) probably increased …

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Fertilizer plant gets disaster bonds

The Iowa Finance Authority has approved the issuance of nearly $1.2 billion in federal tax-exempt Midwestern Disaster Area bonds to assist in the financing of the construction of a new fertilizer plant near Wever in …