Iowa unemployment edges up as manufacturing cuts continue
Iowa's seasonally adjusted unemployment rose to 4.0 percent in June from 3.9 in May, with 68,100 unemployed and 1,642,900 employed. Nonfarm payrolls gained 5,100 as construction and trade led gains, while manufacturing shed 600 jobs. Since June 2015 the durable goods sector lost 7,700 positions.
MENTIONED IN THIS ARTICLE
Iowa
Beth Townsend
Iowa Workforce Development
Busi
Nesses
George.ford
Thegazette.com
Deere Plans More Layoffs Amid Slow Agricultural Demand
John Deere, based in Moline Illinois, announced 140 production layoffs at the East Moline Harvester plant effective Sept. 6, bringing total idle production to over 2,000 as sales dip. The firm projects a 10 percent drop in global sales for fiscal 2016. Farmers face lower income as corn and soy prices fall, constraining demand for combines and tractors. Exports remain a major earnings source but falter with a stronger dollar and softer foreign markets.
MENTIONED IN THIS ARTICLE
Moline
Ill
Deere
John Deere Harvester
East Moline
Iowa
U.S. Department of Agriculture
Economic Research Service
United States
U.S
The
Streamweaver wins Iowa Venture School startup award
Streamweaver founded by Keevin O Rourke Wes Merrill Shamus Roeder and Athena Dinh won 2000 from the Venture School Student Accelerator Program at the University of Iowa. The team pitched during a Shark Tank style finals at Kinnick Stadium as part of an eight week program drawing over 200 teams.
MENTIONED IN THIS ARTICLE
University of Iowa
Streamweaver
University of Northern Iowa
Keevin O’rourke
Wes Merrill
Shamus Roeder
Athena Dinh
Venture School
John Pappajohn
O’rourke
Merrill
Twitch
Streamers
Roeder
Streamweaver Group
McCord
Kinnick Stadium
Iowa College
Jennifer Banta
Rebecca F. Miller
the Gazette
Eman Ismail
Team Deltal
Corridor firms win Iowa incentives for growth projects
Eight businesses including ReConserve Inc, Clipse Therapeutics, and Microsoft Corp received Iowa Economic Development Authority incentives. ReConserve wins 12 million modernization tax benefits to boost Iowa operations. Microsoft gains 417.7 million four phase regional data center plan in West Des Moines creating 57 jobs. Keokuk Mills to restart Keokuk Steel with 4.5 million investment and 200 jobs at 14.39 per hour.
MENTIONED IN THIS ARTICLE
Microsoft Corp
Iowa Economic Development Authority Board
ReConserve Inc
Cedar Rapids
Microsoft
West Des Moines
Keokuk Mills
Keokuk Steel Manufacturing
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George C. Ford
John Deere
Thegazette
Entrepreneurship
Tippie College of Business
Banta
Iowa City
Makayla
Data Center
Rials
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