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Economic Development

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Iowa receives $96M federal investment for entrepreneurship, small business

The Iowa Economic Development Authority announced Wednesday a $96 million investment to support small businesses and entrepreneurs in Iowa. The U.S. Treasury Department approved the funding to Iowa Tuesday through its State Small Business Credit Initiative. The American Rescue …
By BUSINESS RECORD STAFF | Oct 13, 2022
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Carrie Kruse returning to Des Moines’ economic department

Carrie Kruse is returning to the city of Des Moines’ economic department after spending the past five months as the Greater Des Moines Partnership’s vice president of downtown development. Kruse had worked for the city…
By BUSINESS RECORD STAFF | Oct 12, 2022
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Meetings planned to participate in development of Capital Crossroads vision plan

Community members are invited to give their input into the development of the 2040 vision plan for Central Iowa. According to a news release from Capital Crossroads, a three-hour workshop called “The Big Sort” will …
By BPC Staff | Oct 11, 2022
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Persisting labor issues are a factor in Iowa’s negative Q2 GDP, economists say

Iowa’s gross domestic product declined 0.8% in the second quarter of the year, the third consecutive decline and a sign that one economist said could indicate “the U.S. economy is headed for a recession if …
By MICHAEL CRUMB | Oct 11, 2022
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Shop Iowa Day is Wednesday, promoting e-commerce at small businesses statewide

Wednesday is Shop Iowa Day, an online, statewide shopping event to promote e-commerce at small businesses across the state.  According to a news release, the day is dedicated to promoting and offering incentives for shopping at …
By BPC Staff | Oct 10, 2022
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Hoover library leads list of recent Destination Iowa grant recipients

The state of Iowa recently announced another $14.1 million in grants through the Destination Iowa program for projects that will improve the quality of life in communities and attract visitors and new residents. The $100 million …
By BPC Staff | Oct 10, 2022
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Iowa Leading Indicators Index remains unchanged in August

The Iowa Leading Indicators Index remained unchanged from July to August, at 109.6. The monthly diffusion index increased to 50.0 in August from 25.0 in July.

The Iowa nonfarm employment coincident index recorded a 0.21% …
By BUSINESS RECORD STAFF | Oct 10, 2022
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SBA backs 15 Central Iowa loans for $8.4 million in September

The U.S. Small Business Administration backed 15 loans to Central Iowa businesses totaling $8,374,100 in September.

The loans will help those small businesses create 66 new jobs and retain 115 local jobs, according to data …
By BUSINESS RECORD STAFF | Oct 6, 2022
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Multicultural reception scheduled for Oct. 13 at Sammons

The Greater Des Moines Partnership will host a Multicultural Reception on Thursday, Oct. 13, at Sammons Financial Group in West Des Moines. The reception is designed to provide opportunities for people to develop new relationships with others …
By BPC Staff | Oct 6, 2022
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Supply chain disruptions, labor shortages top concerns as Iowa’s economy slows in September

Iowa’s economy slowed in September, following a larger regional trend of slowing manufacturing activity, according to a survey of supply chain managers released this week.

Creighton University’s MidAmerica Business Conditions Index showed that the index score for …
By MICHAEL CRUMB | Oct 6, 2022