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Economic Development

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Businesses ‘hunkering down’ as optimism declines, Business Council report shows

  Continued pressures from inflation, concerns about hiring, retaining employees and an unfavorable business climate caused expectations among business leaders to decline in the third quarter of 2022, according to the Iowa’s Business Council’s Third…
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State ends fiscal ’22 with large surpluses, triggers 14-point corporate tax cut

Gov. Kim Reynolds announced today that the state of Iowa will end fiscal year 2022 with a balance of $1.91 billion in the general fund, $830 million in reserve funds and $1.06 billion in the …

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Iowa’s ‘brain drain’ among worst in U.S., analysis shows

Cedar Rapids Gazette: Iowa’s trouble with brain drain — the departure of college graduates to other states — is not a new issue, but a recent report illustrates just how poorly Iowa ranks among U.S. states. …

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Hansen named economic development award winner

Ray Hansen, a consultant for the Iowa Small Business Development Center has been awarded the Achievement in Economic Development in Iowa Award. According to a news release, the award recognizes individuals or teams of faculty …

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6 proposed DM workforce housing projects get state tax credits

Six proposed Des Moines projects that would provide workforce housing for area workers have been awarded more than $3.8 million in workforce housing tax credits through an Iowa Economic Development Authority program, the agency announced.…

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Partnership releases findings of Inclusive Business Strategy Report

The Greater Des Moines Partnership will now begin the next steps of advancing inclusive entrepreneurship following a study looking at inequities that exist in small business ownership in the Des Moines region.

The Partnership released its …

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Iowa’s rural economy strengthens behind surge in farm exports

Iowa’s rural economy improved in September behind strong growth in agricultural exports, according to a monthly survey of bank managers.

Creighton University’s Rural Mainstreet Index showed that the index score for Iowa increased to 48, up from …

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ICON, Val Air awarded Destination Iowa grants

The Great Outdoors Foundation has been awarded $7 million in Destination Iowa funds to help develop the Scott Avenue site of the ICON Water Trails initiative. The funding was part of $12.9 million in grants …

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Iowa Leading Indicators Index continues June trends in July

The Iowa Leading Indicators Index decreased to 109.6 in July from a revised 110.1 in June. The monthly diffusion index decreased to 25.0 in July from 43.8 in June, the second consecutive month since December …

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IEDA board awards incentives to electric vehicle maker, pharmaceutical supplier

The Iowa Economic Development Authority Board has awarded a total of more than $1.3 million in financial assistance to two companies that plan to create more than 130 jobs.

The IEDA board announced the awards …