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Economic Development

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Limited housing prospects for minimum wage earners

A recent national report carried some startling numbers about affordable housing: None exists in any state, city, county or metropolitan area in the country for workers earning minimum wage and needing a two-bedroom apartment.

Say …

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A Closer Look: Steve Shaffer

Steve Shaffer joined Homesteaders Life Co. in 2014 as chief operating officer, as part of the West Des Moines-based company’s succession plan. That move brought Shaffer and his wife, both raised in Indiana, back to …

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Farm loan delinquencies are up, but still down

The Federal Reserve Bank of Kansas City reports that farm loan delinquencies were up in the fourth quarter of 2017 from the year-earlier period. The stats are only slightly troubling, reports Successful Farming, given that delinquencies …

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NOTEBOOK – One Good Read: Want to know where the economy is headed? Look at Des Moines.

The unemployment rate gets a lot of attention each week in business reports. After the high unemployment numbers of 10 years ago during the Great Recession, it feels good to see a low number. But …

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Des Moines to take another step forward in acquisition of superfund site

The city of Des Moines has wrestled with the Dico superfund site along the Raccoon River near Fleur Drive and Martin Luther King Jr. Parkway for better than two decades. So what happens when you …

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SBA backs $2.3M in Central Iowa business loans

The U.S. Small Business Administration will back $2.3 million in loans to businesses in Boone, Polk and Warren counties, according to a release from the SBA.

The businesses include restaurants, freight companies, an automobile repair …

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Survey: Iowa economy looks good; will there be anybody to hire?

Ninety percent of Iowa Business Council members anticipate higher sales in the next six months, as Iowa’s largest employers express continued optimism for the economy.

According to the IBC’s second-quarter economic survey released today, two-thirds of the …

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China to cancel more soy shipments

Chinese companies are expected to cancel most of the remaining soybeans that importers had committed to buy at the end of this summer, Bloomberg reports. China has not taken delivery of about 1.14 million metric tons …

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Iowa economy in a ‘very healthy’ zone

The Iowa economy showed modest improvement in June, according to a report today from Creighton University.

The Mid-America Business Conditions Index, which evaluates economic conditions in a nine-state region, scored Iowa at a “very healthy” 62.6, …

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A nagging problem

For more than three decades, Des Moines has been the can-do city, reshaping and rebuilding its downtown and grabbing national attention for its efforts. In many of its neighborhoods, however, the city didn’t.

As if …