23 Aug 2017

US Treasury extends order to tackle abuse of high-end real estate by money launderers in seven hotspot markets

By Andy Stepanian

Yesterday, the US Treasury’s Financial Crimes Enforcement Network’s (FinCEN) announced that it will renew and expand an order aimed at cracking down on bad actors laundering money through high-end US real estate. The Geographic Targeting Orders (GTOs) could also target potentially illicit money coming from countries under US sanctions, such as Russia and North Korea. 

23 Aug 2017

Iowa banks outperform the nation in second quarter

By John Sorenson

JOHNSTON, IOWA (Aug. 22, 2017) – According to second quarter results released by the Federal Deposit Insurance Corporation (FDIC) today, Iowa banks saw continued improvements in loan demand, outpacing the nation in loan growth for the quarter. Iowa-based banks provided more than $58.3 billion in total loans as of the end of the second quarter, up 5.71 percent from $55.1billion in the second quarter of the year prior. This compares to a 3.70 percent increase in total loans nationwide. 

23 Aug 2017

First Temperature Controlled Self-Storage Facility Opens in Rock Island, Illinois

By Kristen Anderson

Ribbon Cutting and Grand Opening Scheduled for Thursday, August 24th at 5:00 p.m.

21 Aug 2017

CONGRESSWOMAN BUSTOS TUESDAY IN MOLINE, THOMSON, GALESBURG AND PEORIA

By Jared S. Smith

Congresswoman Bustos to hold Economic Roundtable and Tour Thomson Prison with Senator Durbin before holding a “Cheri on Shift” and meeting with Farm Bureau members

This is first of three “Better Deal for the Heartland” Economic Roundtable Discussions Bustos will host this week

18 Aug 2017

Iowa employer unemployment insurance taxes to decrease in 2018

By Brenna Smith

(DES MOINES) – Beginning January 1, Iowa employers will see unemployment insurance taxes decrease an average of 25% on 2018 wages. The decrease is a result of the strength of the unemployment insurance trust fund, unemployment contributory wages and target levels of the unemployment insurance contributory wages. Yearly rates are determined by a formula.

18 Aug 2017

Economic Development Board approves awards to support over $48 million in capital investment in Iowa

By Kanan Kappelman
August 18, 2017 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEDA) board awarded direct financial assistance and tax benefits to five companies for job creation and expansion projects. These awards will assist in the creation of 62 jobs and will result in over $48 million in new capital investment for the state.  The board also approved awards for strategic infrastructure, entrepreneurial assistance and a reinvestment district project.
 
18 Aug 2017

Manufacturing Posts Job Gain for Third Straight Month; Iowa’s Unemployment Rate Remains at 3.2 Percent in July

By Cory Kelly

DES MOINES, IOWA – Iowa’s seasonally adjusted unemployment rate remained at 3.2 percent for July. The state’s jobless rate was 3.7 percent one year ago. The U.S. unemployment rate decreased slightly to 4.3 percent in July.

17 Aug 2017

Quad Cities Chamber Celebrates Accomplishments

By Jillian McCleary

Quad Cities) The Quad Cities Chamber of Commerce touted the successes of the past year to a crowd of over 1,000 business and community leaders today during its Annual Meeting.

17 Aug 2017

Loebsack to Bring “Iowa First” Tour to Wilton, Clinton, DeWitt

By Joe Hand

Tour will highlight issues including fighting for working families, rural communities and education

16 Aug 2017

State Treasury Offers One-Year Deposits to Iowa's Financial Institutions

By Karen Austin

DES MOINES, IA (08/16/2017) (readMedia)-- State Treasurer Michael L. Fitzgerald announced that, as a result of Tuesday's online Invest in Iowa auction, $100 million will be deposited in 39 financial institutions across the state. The state will receive an average rate of return of 1.51% on these six-month certificates of deposit. "This program's average rate of return continues to rise," Fitzgerald said. "This auction saw the highest rate since October 2008."

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