Iowa tax credits approve expansion projects in Cedar Rapids and Washington
The Iowa Economic Development Authority authorized 685 785 for Danisco in Cedar Rapids and 390 000 for Bazooka Farmstar in Washington as part of broader tax credit awards. Danisco expands a 48.7 million facility adding 20 000 plus square feet and eight jobs with completion targeted for January 2023. Bazooka Farmstar plans a 37 500 square foot expansion including a wash bay and paint booth creating 30 jobs by November. The package also supports Mid-Am Building Supply in Mount Pleasant and SBIR/STTR outreach grants for Iowa City firms, plus loans to Continuum Ag and Iowa Simulation Solutions.
MENTIONED IN THIS ARTICLE
Iowa Economic Development Authority
Danisco
Cedar Rapids
Bazooka Farmstar
Washington
International Flavors and Fragrances
IEDA
Ieda Board
Mid-Am Building Supply
Mount Pleasant
Lirecap
pxAlpha
Iowa City
Viewpoint Molecular Targeting
Iowa
Iowa April unemployment rate ticks up to 3.8 percent
Iowa Workforce Development reported an April unemployment rate of 3.8 percent, a slight rise from March's adjusted 3.7 percent. The rate has hovered between 3.6 and 3.9 percent since November after a long drop from 11.1 percent in April 2020.
MENTIONED IN THIS ARTICLE
Iowa
Iowa Jobless Stats Show Mixed April Labor Picture
Iowa Workforce Development data for the week ending May 15 shows a 1800 rise in unemployment claims without updated figures, while total nonfarm jobs fell 5800. Construction and trade losses accompanied gains in leisure and hospitality. The report notes a 66.1 percent labor force participation in April and that the unemployment rate reflects only job seekers.
MENTIONED IN THIS ARTICLE
Iowa Workforce Development
Factories and Services Hit Record Output in May
IHS Markit flash composite index for US manufacturers and services rose to 68.1 in May, the highest since 2009, driven by a record service activity expansion. Demand surged as pandemic recovery boosts leisure travel, with record factory orders and 14 year high export orders despite input cost pressures and supplier shortages.
MENTIONED IN THIS ARTICLE
U.S
IHS Markit
Kansas City Southern Chooses CN in $30B Merger
Kansas City Southern agrees to a $30 billion merger with Canadian National, scrapping a $25 billion deal with Canadian Pacific after CP declined to raise its bid. The tie up would create the first railroad to run from Canada to Mexico, with regulators weighing CN’s voting trust for the finance portion.
MENTIONED IN THIS ARTICLE
Kansas City Southern
Canadian National Railway
Canadian Pacific Railway
U.S
Canadian National
Superior
Canadian Pacific
Canada
United States
Mexico
U.S. Surface Transportation Board
Montreal
Kansas City Southern Railroad
Bloomberg News
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the Economic Development Authority
Coralville Company
Firefly Photonics
John
Steppe
Thegazette
the Gazette
Carlos
Aue
Carlos O’kelly
John Steppe
Nissan
Smyrna
Tenn
K.C. Southern
Rail Company
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