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Sammons Financial Group donates $60K to help fight food insecurity in Central Iowa

Sammons Financial Group, an insurance holding company in West Des Moines, announced that it donated $60,000 across six nonprofits addressing food insecurity: Des Moines Area Religious Council (DMARC) Food Pantry Network, Food Bank of Iowa, Carlisle Community School District Food Pantry, Meals on Wheels, Supply Hive and Urbandale Food Pantry. “As an employee-owned company, we…
By Business Record Staff | Dec 31, 2024
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Central Iowa Water Works goes operational Jan. 1

Central Iowa Water Works, the new regional drinking water utility made up of 12 member communities and agencies, will become operational on Wednesday following the signing of an agreement last week giving the organization the ownership of the region’s water treatment facilities. It’s the culmination of a nearly decade-long effort to create a regional utility…
By Michael Crumb | Dec 31, 2024
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xBk Live launches Creative Entrepreneurship Program

xBk Live, a Des Moines music venue, has announced the launch of a 12-month Creative Entrepreneurship Program to help local performing artists, musicians and songwriters start new businesses. The program will launch in February 2025 and host a monthly class on business topics. The program will also offer mentorship and networking opportunities tailored toward the creative industry….
By Business Record Staff | Dec 31, 2024
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IEDA board incentivizes $20 million in private investment, $36.7 million in public projects at December meeting

The Iowa Economic Development Authority board awarded nearly $900,000 in tax credits to two companies at its Dec. 20 meeting through the state’s High Quality Jobs program that the economic development agency says will create a combined 223 jobs and $20 million in capital investment. The board also authorized $1,156,000 in grants to four projects…
By Mike Mendenhall | Dec 31, 2024
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NOTABLE TRANSACTIONS: Apartment property sold in Des Moines

Sonar Multifamily Fund LLC, located in West Des Moines, paid Edwin Allen $1.3 million for property at 3612 Ingersoll Ave. in Des Moines, Polk County real estate records show. The property includes a three-story, eight-unit apartment building (pictured) that was constructed in 1912. The property is valued at $520,000. The transaction was recorded Dec. 23. Hubbell…
By Kathy A. Bolten | Dec 31, 2024
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What’s in store for commercial real estate in 2025?

The Business Record reached out to several people in the commercial real estate industry, asking them their thoughts on the outlook for the sector in 2025 and biggest challenges. Below is the question we asked and responses we received: Question: The past four years have been challenging for the commercial real estate sector. Looking forward to…
By Business Record Staff | Dec 31, 2024
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2025 Global Insurance Symposium registration now open

Registration for the 11th annual Global Insurance Symposium is now open. Early-bird pricing will end on Jan. 1. The symposium, scheduled for April 15-16, 2025 in Des Moines, will bring together regulators, insurance professionals and startups from around the world for education and networking. Julie Pearce, consultant at the Iowa Department of Insurance & Financial Services and Christian Walk, senior…
By Business Record Staff | Dec 30, 2024
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Delta Dental of Iowa Foundation awards grants to 19 nonprofits

The Delta Dental of Iowa Foundation announced that it has invested over $460,000 in 19 nonprofits supporting oral and overall health projects. The grants are part of the foundation’sCommunity of Health Grant programs, which aim to strengthen nonprofits and drive progress in health initiatives, a news release said. The investment included $209,650 to nine organizations…
By Business Record Staff | Dec 30, 2024