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Economic Development

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SBA backs $5.8M in loans to Central Iowa businesses in June

The U.S. Small Business Administration backed 19 loans to Central Iowa businesses totaling $5,819,800 in June.

The loans will help those small businesses create 616 new jobs and retain 372 local jobs, according to data …

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Partnership seeks input to develop workforce attraction strategies in resident survey

If you have moved to the Des Moines area in the past three years, the Greater Des Moines Partnership wants to hear from you. The Partnership is conducting a Talent Attraction Survey to get information to drive …

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Iowa’s GDP declines in Q1, economist warns of increasing risk of recession

Iowa’s gross domestic product declined in the first quarter of 2022, following suit with declines in most states and the nation as a whole, leading an Iowa State University economist to forecast the country is …

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IBC Q2 Economic Outlook: Companies continue to feel pressure from inflation, labor, supply chain challenges

Continued pressures from inflation, labor shortages and supply chain disruptions are causing reduced expectations among business leaders who responded to the Iowa Business Council’s second-quarter Economic Outlook survey.

The report, released today, also showed that …

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ABI survey: Iowa companies ‘preparing for an economic slowdown while continuing business investment’

Fewer Iowa manufacturers anticipate sales growth in the third quarter of 2022, but a majority of companies plan to make capital expenditures, according to the latest Iowa Association of Business and Industry Quarterly Business Survey.…

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WDM launches home improvement program in Valley Junction area

Axios Des Moines: West Des Moines officials announced plans on Wednesday to improve the aging neighborhoods around Valley Junction to help local residents and attract first-time homebuyers and young families to the area. The area is …

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WDM council signals support for Valley West Inn redevelopment, agrees to contributed $840K to project

The West Des Moines City Council this week agreed to contribute $840,000 to the redevelopment of Valley West Inn into supportive housing. File photo.

The West Des Moines City Council approved a resolution supporting the redevelopment …

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IEDA approves incentives for projects that will create more than 600 jobs

The Iowa Economic Development Authority has approved incentives for six companies that will create more than 600 jobs. According to IEDA board documents, the projects will result in nearly $265 million in capital investment in Iowa.…

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Marshalltown wins a $25,000 T-Mobile Hometown Grant

Marshalltown is one of 25 small towns to receive a $25,000 T-Mobile Hometown Grant to support community development projects. The grant will go toward reconstructing downtown State Street in Marshalltown, which was damaged after the …

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Fears of recession, ongoing supply chain disruptions and labor shortages weaken rural economy

Iowa’s rural economy slumped below neutral growth in June, matching a similar decline regionally in a survey of bank managers released Thursday.

Creighton University’s Rural Mainstreet Index showed that Iowa’s index score fell to 49.1, …