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Economic Development

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IEDA awards $3.6 million in grants for community improvements

The Iowa Economic Development Authority has awarded nearly $3.6 million in Community Development Block Grants for improvements in 10 communities statewide. According to a news release, the grants are for water and sewer infrastructure improvements, …
By BPC Staff | Dec 9, 2020
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Partnership’s legislative priorities to be outlined in virtual forum Thursday

The Greater Des Moines Partnership will unveil its priorities for the 2021 legislative session during a virtual discussion with legislative leaders on Thursday. The event is scheduled from 7:30-8:30 a.m. on Zoom. Legislators scheduled to …
By BPC Staff | Dec 8, 2020
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Collins Aerospace to lay off 65 employees in Decorah, Bellevue

Cedar Rapids Gazette: Collins Aerospace will lay off 65 employees in Decorah and Bellevue as of Jan. 2, according to a WARN notice filed with Iowa Workforce Development. The company will eliminate 36 positions in …
By BPC Staff | Dec 8, 2020
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$20.4M in tax credits awarded to Iowa historic preservation projects

The Iowa Economic Development Authority awarded $20.4 million in Historic Preservation Tax Credits to 10 projects. IEDA received 19 applications requesting $36.9 million in tax credits during the November application round; the next registration round …
By BPC Staff | Dec 4, 2020
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Survey: Over half of small businesses looking to hire, having difficulty finding workers

U.S. small businesses reported a historically high level of job openings in November, according to the November monthly jobs report from the National Federation of Independent Business NFIB’s monthly jobs report. Overall, 53% reported hiring …
By BUSINESS RECORD STAFF | Dec 4, 2020
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SBA names Top Lender Award winners for Iowa

The U.S. Small Business Administration’s Iowa District Office on Tuesday announced the winners of its Top Lender awards for Fiscal Year 2020. U.S. Bank, which was recognized as both the SBA’s Top Overall Lender and …
By BPC Staff | Dec 3, 2020
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Thousands of Iowans face loss of jobless benefits if federal stimulus bill stalls

More than 44,000 Iowans who have exhausted their state unemployment benefits face a severe financial crisis if a federal safety net is allowed to expire in late December, economists say.

The federal CARES Act went into …
By KATHY A. BOLTEN | Dec 3, 2020
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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