Ticker: May 6
The Greater Des Moines Partnership will host the Small to Big Business Forum from 7:45 a.m. to 1 p.m. on Tuesday, May 11, at Echo Valley Country Club, 3150 Echo Valley Drive, Norwalk. The forum is an annual roundtable, round-robin event designed for business-to-business networking. Participants will be able to meet with representatives from Aviva USA, Bankers Trust Co. and Principal Financial Group Inc., among others. For more information or to register, go to www.desmoinesmetro.com/events.
Six residents in Prairie Trail, an Ankeny residential and commercial community, have been awarded scholarships up to $10,000 to attend a college of their choice. Dennis Albaugh, president of DRA Properties LC and developer of the Prairie Trail community, established the Prairie Trail scholarship fund, which provides scholarships for residents of the community to pursue higher education. Two Ankeny High School students received $1,000 scholarships from the fund as well. Funding for the scholarship program is generated by a 0.5 of 1 percent fee on the transfer of all real property within Prairie Trail. The Albaugh family committed $100,000 as an initial deposit, but the fund has grown to more than $210,000 and will continue to be self-sustainable as real estate continues to be transferred in the area. For more details, go to www.prairietrailankeny.com.
Des Moines-based Life Care Services LLC (LCS) has acquired the assets of Memphis-based CRSA Holdings Inc. CRSA is a privately held company that does business in 17 states, overseeing 9,000 senior housing units in 29 retirement communities. LCS intends to maintain the CRSA brand in the marketplace and continue to use Memphis, as its main base of operations. The company said the combination of the two brands under one umbrella strengthens its overall portfolio and gives LCS access to new customers and markets, especially in the management of nonprofit communities. All of the top executives from CRSA will assume new roles within LCS.
Ankeny-based Albaugh Inc., an agrichemical company, has agreed to pay a $27,360 civil penalty to the United States to settle allegations related to the importation of nearly 1,000 tons of misbranded pesticide (2, 4-D Acid) from Argentina. The pesticide was considered misbranded because it did not have the required labeling that must include directions for the safe and proper use and handling of the pesticide. Albaugh has now certified that it is in compliance with the regulations.