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Business Record
Friday PM Daily | June 30, 2017
Weitz Co.
Afternoon daily, Take 2

Some of you may have noticed that we promptly delivered the afternoon daily e-newsletter minutes after the morning edition today — but without the p.m. articles. We could say this was an effort to draw more attention to our advertisers. We could say it was an experiment in the creative use of white space. We could say we were assessing the dedication of our readers (1,500 of you opened it in the first hour alone; that's dedication). But what really happened is one of us didn't realize which browser tab he had open when he hit the "send" button, thus launching an edition that was more than a little light on news. All is well, however. Here is the full p.m. daily, with the work of our editorial team included. 

The week ahead: July 3-9

July 3: Yankee Doodle Pops
Host: Des Moines Symphony
About: Iowa's largest single-day concert concludes with the area's premier fireworks display over the downtown Des Moines skyline. This year's program, An American Journey, features music that evokes the sights and sounds of our great country.
When: Foot of the Capitol building
Where: 8:30 p.m.
Learn more

July 7: First Friday - July
Host: Iowa Center for Economic Success Women's Business Center
About: Leng Vong Reiff, founder of Akili Design/Agora Des Moines, will share her story of entrepreneurship with attendees. Leng has run her own marketing business since September 2007.
When: 11:30 a.m. to 1 p.m.
Where: 8345 University Blvd., Suite 1F, Clive
Learn more

July 7-8: 80/35 Music Festival
Host: Des Moines Music Coalition
About: Des Moines biggest outdoor music festival located in downtown featuring national and local artists on three stages.
When: Varied
Where: Western Gateway Park
Learn more

Business Record

Bridgestone plant is awarded top quality designation by Caterpillar 
The Bridgestone agricultural tire plant in Des Moines was awarded with Caterpillar's platinum-level quality certificate, its highest level. This comes as a mark of approval for the factory after receiving gold from Caterpillar for the past three years. "To achieve platinum level in the Caterpillar Supplier Quality Excellence Process certification program says a great deal about Bridgestone's commitment to consistently achieve high standards of quality, productivity and efficiency in support of our customers," said Greg Halford, manager of the Des Moines plant. The award aims to recognize plants across the industry with a "no-defects" culture.

Des Moines is an 'energy star'
Des Moines is ranked No. 4 on the U.S. Environmental Protection Agency's 2017 list of midsized metropolitan areas with the most Energy Star-certified buildings, according to a release from the city of Des Moines. Commercial buildings that apply for the EPA's Energy Star must have their performance verified by a professional engineer or a registered architect. The buildings use 35 percent less energy and are responsible for 35 percent fewer greenhouse gas emissions than typical buildings. Des Moines Public Schools has 57 buildings that have received Energy Star certification and the city of Des Moines operates seven buildings that have received the Leadership in Energy and Environmental Design certification from the U.S. Green Building Council. The city also provides development incentives for private-sector buildings that meet high-performing energy efficiency standards.

Study: Education boosts earnings for health execs
Education level is the most significant factor influencing pay of managers and executives within health systems and medical practices, according to new survey results from the Medical Group Management Association. According to the survey, general management positions with a master's degree report earning $7,000 more annually than their counterparts with bachelor's degrees, and senior management positions report over $10,000 more. Management structure and geographic area were also important determinants for pay, according to an analysis of comparative data of more than 90,000 management and staff positions from more than 1,800 organizations. Overall, general management positions in physician-owned practices experienced the most compensation increase at more than 4.5 percent in comparison to last year. By geographic area, compensation for executive, senior and general management positions are the highest in the Midwest region of the United States. In Iowa, the median general management salary averaged $69,469, above the national median of $65,672. However, executive and senior level median salaries in Iowa — $120,818 and $94,855 — lagged U.S. median levels of $124,676 and $102,384, respectively.

Space 2 Work
Des Moines Metro Opera
Business Record Insider
On The Move: Week of June 26
David DeBo

David DeBo
Promoted to national director/senior vice president
[email protected]

Sara Springer
Universal Printing Services
Promoted to president
[email protected]

Jon Sheldahl
Heartland AEA
Hired as chief administrator
[email protected]

Click here to see all of this week's promotions and job changes.

Submit On the Moves: Submit announcements regarding company promotions, staff additions and changes, including photos, via our online submission form: Click here

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Minneapolis City Council approves $15 minimum wage
Minneapolis Star Tribune: The Minneapolis City Council approved a $15 minimum wage today, a move years in the making that will affect hundreds of businesses and thousands of workers across the city.

Berkshire to become BofA's top shareholder after share swap
Reuters: Warren Buffett's Berkshire Hathaway Inc. will swap its preferred shares in Bank of America Corp. into common shares worth about $17 billion, making it the biggest shareholder of the lender. Berkshire is also Wells Fargo & Co.'s biggest shareholder.

Insurance giant Aetna is leaving Hartford for New York City
New York Times: Aetna, the insurance giant founded in Hartford, Conn., where it has been for the past 164 years, announced Thursday that it would move its headquarters to New York City despite intensive lobbying efforts by Connecticut officials.

Business Record
Business Record
This is the state of small business failure in the U.S. 

FAST COMPANY: The reasons that companies fail are as varied as the startups themselves, but this analysis of public records and trends reveals several factors.Read more


July 13: Admiral's White Party
Host: Easter Seals Iowa
About: Support Easter Seals Iowa's mission to provide exceptional services to people with disabilities or special needs and their families at their annual gala. Guests are encouraged to wear white.
When: 6-10 p.m.
Where: State Historical Building
Learn more

View our full calendar to see the latest curated business and community events, or suggest an event for our calendar for possible inclusion in our Daily email and print products.
KCCI Top Stories

Holiday weekend traffic enforcement effort planned
Extra patrols will be out in force this holiday weekend. Officers from the West Des Moines Police Department, in conjunction with the Governor's Traffic Safety Bureau, will conduct high-visibility traffic enforcement July 1-4  in an effort to reduce traffic-related injuries and deaths. West Des Moines police said the event will consist of heightened traffic enforcement for all traffic violations with the main effort to raise awareness in safety belt use and to identify those individuals who choose to drive under the influence of drugs or alcohol. Read more

Court: Democratic appointee can sue Iowa over alleged GOP reprisals
The Iowa Supreme Court says a Democratic-appointed state official can seek damages from the state over former Republican Gov. Terry Branstad's decision to cut his pay and criticize his performance. The court ruled 4-3 today that former Iowa Workers' Compensation Commissioner Chris Godfrey can bring claims alleging that his property and liberty interests "have been violated by the partisan motivation of the defendants." The court says it's not taking a position on the merits of Godfrey's claims. Read more

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Weather Forecast
Some clouds this evening will give way to mainly clear skies overnight. A stray shower or thunderstorm is possible. Low 61. Winds WNW at 10 to 15 mph.

A mainly sunny sky. High 83. Winds WNW at 10 to 15 mph.

Mix of sun and clouds. Highs in the upper 80s and lows in the mid-60s. 

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The Iowa Index is an unweighted average of all 23 Iowa-based public companies. Below is a live look at those 23, plus 14 additional companies with large operations in Iowa.
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