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Economic Development

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SBA releases detailed data on Paycheck Protection Program loan recipients

The U.S. Small Business Administration on Tuesday released detailed loan information for millions of borrowers under the Paycheck Protection Program, the Wall Street Journal reported. The disclosure, ordered by a federal judge in response to a lawsuit …
By BPC Staff | Dec 2, 2020
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U.S. Bank, Lincoln Savings top SBA lenders in Iowa for fiscal ’20

The dollar amount of U.S. Small Business Administration-backed loans made in Iowa increased by 39% in fiscal 2020, with $233.7 million in loans during the fiscal year ended Sept. 30, compared with $168.1 million in …
By JOE GARDYASZ | Dec 2, 2020
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Partnership’s Woodard named to emerging leaders list

Andrea Woodard, senior vice president of government relations and public policy at the Greater Des Moines Partnership, has been named to the Association of Chamber of Commerce Executives’ 40 Under 40 list of emerging leaders. …
By BPC Staff | Nov 25, 2020
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Leaders Survey 2020: Problems illuminated by pandemic, yet resilience still evident

When pulling together the results of our 2020 Leaders Survey, I was not surprised to see that answers were in some ways quite different from last year. This year has simply been an outlier. 

Our …
By BPC Staff | Nov 24, 2020
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IEDA board approves award for Japan-based company to expand to Iowa

The Iowa Economic Development Authority board on Friday approved awards to three established companies, including Spiber America LLC, which will expand its operation to Clinton. It also approved assistance to five startups.

According to a news …
By MICHAEL CRUMB | Nov 23, 2020
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Iowa unemployment rate falls near pre-pandemic level, third-lowest in U.S.

Des Moines Register: Iowa’s unemployment rate in October dropped close to its pre-pandemic level, the latest federal jobs report showed today. The state’s rate decreased to 3.6% from 4.8% in September, according to the data …
By BPC Staff | Nov 20, 2020
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Rural economy declines as effects of pandemic continue to be felt

Iowa’s rural economy retreated to below growth levels this month as new hiring fell and as nonfarm employment continued to decline, according to a survey of main street bankers released today.

The Rural Main Street …
By MICHAEL CRUMB | Nov 20, 2020
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Capital Crossroads Q4 leadership meeting: What you need to know

Capital Crossroads held its fourth-quarter leadership meeting Wednesday, outlining achievements and progress the group has made in recent months. Here are four things you need to know from the meeting:

1. Teree Caldwell-Johnson, chair of …
By BUSINESS RECORD STAFF | Nov 19, 2020
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Iowa employment growth likely to weaken in coming months, Leading Indicators Index reports

The Iowa Leading Indicators Index increased to 103.4 in September from a revised 103.2 in August, the Iowa Department of Revenue reported this week. The index has decreased 2.9% from February 2020, the last month …
By BUSINESS RECORD STAFF | Nov 5, 2020
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Iowa’s economy ‘rapidly improving,’ survey shows

Iowa’s economy continued to grow in October, behind strengthening employment and increases in various manufacturing indicators, according to a monthly survey of supply managers in nine states.

The Mid-American Business Conditions Index for Iowa increased …
By BPC Staff | Nov 4, 2020