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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 17, 1992
Page
23
President Bush will travel to Arkansas to visit the ailing Wal-Mart founder Sam Walton and award him the Presidential Medal of Freedom. Walton faces bone cancer and built a retail empire from a single store earning $32.6 billion in fiscal 1991.
George C. Ford reports the Iowa Group for Economic Development, led by Cedar Rapids business leaders, urged Branstad and the Legislature to cut automatic pilot programs and prioritize spending. The group opposes a sales tax Band-Aid, calling for long term solutions and fiscal responsibility.
Hy-Vee announces expansion of the Lindale Mall store at 279 Collins Rd NE with about 3 million to double its size, converting space former Revco used. A new Hy-Vee Food and Drug at 4035 Mount Vernon Rd SE opens with 60,000 square feet by mid 1993, offering expanded food lines, pharmacy, cosmetics, and a Chinese restaurant. Ken Hunter leads Lindale Mall expansion creating about 100 jobs. Mount Vernon Road operation doubles staff to 360 and adds services including dry cleaning and Midland Savings Bank.
Robert Eaton, 52, named to succeed Lee Iacocca as Chrysler chair and CEO. He built GM Europe into a star performer, led vehicle programs, and helped with Saturn and the X-car project amid GM losses and a brake defect case.
Iowa's 1991 county corn output dipped from the top spot as Pottawattamie County surpassed Kossuth, with Fayette and Clay close behind in yield. Kossuth remained Iowa's soybean leader, harvesting 8.45 million bushels on 275000 acres.
Lawmakers seek to overhaul the Market Promotion Program funding about 200 million dollars annually. The bill targets firms with sales under 500 million and caps grants at 500000 per participant. It cites subsidies benefiting foreign competitors and calls the program wasteful.
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