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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 07, 2009
Page
17
U.S. layoffs lessen as firms ramp up to restock inventories and first-time unemployment claims fall to 550,000 last week. Economists anticipate unemployment near 9.6 percent in June and a continued rise to 10 percent or more by year end.
The Personal Safety Corp moves to Hiawatha bringing 16 jobs now with potential for four more. It will build an 8500 square foot office and distribution center at 1655 Progress Drive with a $762,500 cost and finish by June 30. A tax rebate of up to $23,900 annually for five years was approved Aug 5 by the city council.
Doug Coe runs the 18th Bull and Bear Investment Camp for Kids in Kansas City teaching fourth through twelfth graders budgeting stock quotes and bonds. Students participate in a mock trading session at the Kansas City Board of Trade and explore market history and real brands to relate to investing.
Columbus McKinnon Corp to close Midland Forge in Cedar Rapids with layoffs starting Sept 25 and complete by holidays.138 workers to be affected plus 27 on temporary layoff. Transfers possible to other sites. severance talks with Machinists Local 831 under WARN act.
Farmers must choose by August 14 between the new average crop revenue election program and the traditional direct and countercyclical program. The ACRE option, created by the 2008 farm bill, offers a state level revenue guarantee but reduces direct payments and loan rates, binding participants through 2012.
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