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Economic Development

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New data center to be built in Altoona

Enseva LLC, a Waterloo-based company that specializes in “next-generation data centers,” announced Tuesday that it will build a $12 million project in Altoona.

The company in August paid $400,000 for 13 acres of land directly …

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Economic activity dropped in October

The Federal Reserve Bank of Chicago said today its index of national economic activity dipped into negative territory in October. All four broad categories of indicators that make up the index decreased from September. The …

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Iowa unemployment rate edges down to 5.1 percent

Iowa’s unemployment rate inched down to 5.1 percent in October from 5.2 percent in September, according to new Iowa Workforce Development (IWD) figures.

There are still 83,800 unemployed Iowans, but that number is down from …

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Orascom’s Iowa Fertilizer Co. begins construction

Iowa Fertilizer Co. held a groundbreaking ceremony on Monday to mark the start of construction work for its new nitrogen fertilizer production plant in Lee County in southeast Iowa.

The $1.4 billion fertilizer plant, one …

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Economy adding muscle, analysts say

The U.S. economy looks set to weather the headwinds from Hurricane Sandy and the budget battles in Washington after picking up speed in the third quarter, Bloomberg said.

The gross domestic product (GDP) probably increased …

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Fertilizer plant gets disaster bonds

The Iowa Finance Authority has approved the issuance of nearly $1.2 billion in federal tax-exempt Midwestern Disaster Area bonds to assist in the financing of the construction of a new fertilizer plant near Wever in …

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Pioneer to invest $50 million, add 100 jobs

DuPont Pioneer is expanding once again in Johnston.

The Johnston-based seed company today will seek tax incentives from the Iowa Economic Development Authority (IEDA) for a $50 million expansion that will create an additional 100 …

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Partnership launches new site to promote region

The Greater Des Moines Partnership today announced the launch of a new website and mobile tool to promote the region.

The site, prospect.desmoinesmetro.com, is intended to give users a quick snapshot of the region’s business …

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Ribbon cutting scheduled for fire department

A ribbon cutting and open house for the Des Moines Fire Department’s new administration, maintenance and training building is scheduled for Nov. 20 from 3 to 7 p.m.

The building is located at 2715 Dean …

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Report: Multiple taxes on wireless services hit Hispanics hardest

American consumers are subject to overlapping taxes on purchases of cellphone and other digital services, with Hispanics the most affected by taxes from multiple jurisdictions, according to a new report. The report, “Taxes and Fees: …