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Economic Development

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Iowa economy slows behind ongoing labor shortages, continued concerns with supply chain, inflation

Supply chain disruptions and labor shortages continue to be top concerns for Iowa’s economy, according to a monthly survey of supply chain managers.

Creighton University’s MidAmerican Business Conditions Index showed that Iowa’s index for August fell to …

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State agency receives $2.9M grant to upgrade unemployment services

A $2.9 million grant from the U.S. Department of Labor has been awarded to Iowa Workforce Development to make improvements to high-use services tied to unemployment insurance, the state agency announced. The money will pay …

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Survey: Despite economy, half of U.S. small businesses say they’re financially stable

Sentiment from U.S. small and midsize businesses regarding the health of their business has remained steady despite increasing concerns about the economy, according to a recent survey by Principal Financial Group.

Even as recessionary pressures …

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$19M in tax credits awarded for restoration of historic buildings

The Iowa Economic Development Authority has awarded $19 million in Historic Preservation Tax Credits to restore 14 historic buildings. The program is administered by the Iowa Economic Development Authority, which announced the awards today. The agency …

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SBA: New system streamlines work-in-process submissions on surety bonds

The U.S. Small Business Administration has announced changes to streamline the submission of work-in-process information by small businesses that receive bonding support through the SBA’s Surety Bond Guarantee Prior Approval Program. Surety bonding is required for any …

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SBA backs more than $7M in Central Iowa loans in July

The U.S. Small Business Administration backed 14 loans to Central Iowa businesses totaling $7,062,400 in July.

The loans will help those small businesses create 63 new jobs and retain 146 local jobs, according to data …

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SBA, Small Business Majority collaborate on webinar series

The U.S. Small Business Administration and Small Business Majority are co-sponsoring a new webinar series, “The Bottom Line,” a collaborative educational series on SBA tools and resources to help small businesses leverage provisions in the Inflation Reduction Act …

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Des Moines to host AAU Junior Olympics in 2026, 2030

The AAU Junior Olympic Games will return to Central Iowa in 2026 and 2030, the organization announced today.

Des Moines is also set to host the games, the largest multisport event for youths in the …

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Rural economy slows as concerns in ag sector and supply chain and labor challenges persist

Iowa’s rural economy slumped in August with weaker scores in hiring and farmland prices, according to a survey of rural bank managers.

According to Creighton University’s Rural Mainstreet Index, Iowa’s score fell to 40.1 in …

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Dotdash Meredith dumps tax incentives that required hiring and spending in Des Moines

Des Moines Register: Dotdash Meredith is giving up tax incentives that required the company to add workers in Des Moines. In an Aug. 10 letter to the Iowa Economic Development Authority, senior vice president Jeffrey …