Des Moines council asked to approved EMC incentives
The Des Moines City Council is being asked to approve a $293,000 economic development package as a result of Employers Mutual Casualty Co.’s (EMC) planned purchase of the Hub Tower at 699 Walnut St., which was foreclosed on earlier this year. According to a city report, EMC plans to move EMC National Life Co. from Urbandale to the Hub Tower. The company employs approximately 81 people with an average annual wage and benefits package in excess of $100,000, the report said. Two floors will be renovated to accommodate the move.
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