Six sites are located in the communities of Cedar Rapids, Davenport, Norwalk, Marion, Mason City and Perry.

(DES MOINES) ?Gov. Terry Branstad and Lt. Gov. Kim Reynolds today announced that six communities are in the second round of sites to achieve certification through the Iowa Economic Development Authority (IEDA) certified site program. These six sites are located in the communities of Cedar Rapids, Davenport, Norwalk, Marion, Mason City and Perry.

In an effort to address the lack of project-ready industrial sites in the state, the IEDA rolled out the Iowa Certified Site Program in May 2012. The Iowa Certified Site Program is designed to consider a combination of national site location standards as well as Iowa's natural assets and industry needs of the state's targeted sectors. This is an independent, third-party certification program that uses the nationally recognized site selection firm of McCallum Sweeney Consulting (MSC) as the sole certifying agent. The program's first certifications were announced last April for sites in Dexter, Fort Dodge, Iowa Falls and Van Meter.

"Creating jobs and increasing family incomes for Iowans is my administration's top priority," said Gov. Branstad. "With the announcement that six additional Iowa sites have gone through a rigorous certification process to be considered 'development-ready,' we are moving Iowa to the top of the list for projects that are looking for a home. Those projects mean more Iowa jobs."

"A lot of credit goes to the communities of Cedar Rapids, Davenport, Norwalk, Marion, Mason City and Perry," commented Lt. Gov. Reynolds. "The investment to achieve site certification isn't a small one, but it is sure to pay dividends both locally and for our state as a whole."

Site certification is one of the fastest growing trends in the site selection business, and by introducing certified sites to the market Iowa is better able to compete for large-scale projects.  By going through this rigorous process, developers -- working closely with their local officials, utility partners and consultants -- are better prepared to market their sites with specific site-related information and community data.  All site due diligence is completed and resulting issues are mitigated, making the site "risk-free" and thus accelerating the development schedule.

"Iowa is improving its competitive position in the world of site selection by certifying six additional industrial sites," said Debi Durham, director of the IEDA. "Iowa's Certified Sites Program now boasts 10 sites, with even more in the queue. This shows the world that Iowa is open for business."

The six sites certified today began the process in 2013. After working through the rigorous certification process, these six sites have met the standards of the Iowa Certified Site Program and have now achieved that designation.

New Green Certification Initiative

Officials also announced the launch of a Green Certification classification as part of the Iowa Certified Site Program. This program recognizes the growing demand for environmentally sensitive design for companies that are committed to reducing the environmental impact of development.

The Green Certification program is being launched with a pilot round focused on the Green Office Park category. The criteria is designed for multiple office users and ancillary park activities. Similar to the rigorous standards of the existing industrial certification program, stringent due diligence requirements must be met in order to achieve certification. However, the green certification program in will also include recognition of and requirements to protect what might have traditionally been viewed as impediments to development, such as floodplains and wetlands. A focal point of the Green Certification program is the requirement to develop and adopt covenants that will guide the future development of the Green Business Park.

The Woodward Eco Business Park will serve as the pilot site for the new Green Certification program, with applications for subsequent parks to be accepted in July 2016.

Details on the six sites certified today are below:

Eastern Iowa Industrial Center - Davenport

Developable Acres:  177.91 acres

Zoning: Light Industrial, Ag

Proximity to Interstate: I80/adjacent

Rail Access:  Yes

Organization:  Greater Davenport Redevelopment Corporation

Indianhead South - Mason City

Developable Acres: 145 acres

Zoning: Light Industrial

Proximity to Interstate: I35/8 miles; US18 and Hwy 27/1 mile

Rail Access: No

Organization: North Iowa Corridor Development Corporation

Ancell/Knox Property - Norwalk

Developable Acres: 55.79 acres

Zoning: Currently Ag

Proximity to Interstate: I35/10 miles; Hwy 5/4 miles

Rail Access: No

Organization: Warren County Economic Development Corporation

Perry Industrial Park - Perry

Developable Acres: 134 acres

Zoning: Light Industrial, Ag

Proximity to Interstate: I80/22 miles; Hwy 141/adjacent

Rail Access: No

Organization: Greater Dallas County Development Alliance

Marion Enterprise Center - Marion

Developable Acres: 130 acres

Zoning: Planned Development Commercial

Proximity to Interstate: Hwy 13/.46 miles; Hwy 151/adjacent

Rail Access: No

Organization: Marion Economic Development Corporation

Cedar Rapids Land and Air Super Park

Developable Acres: 581.98 acres

Zoning: Airport, Ag, Industrial, and Public

Proximity to Interstate: I380/1 mile; Hwy 30/2 miles

Rail Access: Yes

Organization: Cedar Rapids Metro Economic Alliance

Five subsequent application rounds have been opened since the program was established and 12 additional sites are currently working their way through various phases of the program. The next round of applications will be accepted this month for the following categories:

General Industrial Site -- 50 - 249 contiguous acres

Large Site -- 250 - 499 contiguous acres

Super Site -- 500 - 999 contiguous acres

Mega Site -- 1,000+ contiguous acres

General Industrial Park -- 100+ acres with one site ? 50 acres

Super Park -- 500+ acres with one site ? 250 acres

For more information about the Iowa Certified Site Program, visit www.iowaeconomicdevelopment.com/SiteLocation/CertifiedSite.

Comptroller moves forward with paying state employees

CHICAGO - Comptroller Leslie Geissler Munger released the following statement Thursday in response to a Circuit Court verbal order authorizing her office to process state payroll:

"Today's Court ruling gives my office the authorization it needs to begin processing payroll for all state employees. It is a welcome development that advances my goal of complying with federal mandate and doing everything in my power under law to compensate workers for the services they are already providing the state. It also ensures that Illinois will rightly continue to pay those who are on the front line in assisting our most vulnerable residents. While there will most certainly be additional legal action, I am confident that the Court will ultimately determine that paying state employees for their work is the right, and legal, thing to do."

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Bipartisan bill would raise SEC's limits on securities fines, tie penalties to scope of harm, and crackdown on repeat offenders

WASHINGTON, DC - In an effort to protect investors and strengthen oversight and accountability of Wall Street, U.S. Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) are introducing bipartisan legislation to strengthen the Securities and Exchange Commission's (SEC) ability to crack down on violations of securities laws.

The Stronger Enforcement of Civil Penalties Act (SEC Penalties Act) of 2015 updates and strengthens the SEC's civil penalties statute by increasing the statutory limits on civil monetary penalties, directly linking the size of these penalties to the scope of harm and associated investor losses, and substantially raising the financial stakes for repeat securities law violators.

Under existing law, the SEC in some cases can only penalize individual violators a maximum of $160,000 per offense and institutions $775,000.  In other cases, the SEC may calculate penalties to equal the gross amount of ill-gotten gain, but only if the matter goes to federal court, not when the SEC handles a case administratively.  The SEC Penalties Act increases the per-violation cap applicable to the most serious securities laws violations to $1 million per violation for individuals, and $10 million per violation for entities.  It would also triple the penalty cap for recidivists who have been held criminally or civilly liable for securities fraud within the preceding five years.  The agency would be able to assess these types of penalties in-house, and not just in federal court.

"This bipartisan bill gives the SEC the firepower it needs to crack down on Wall Street fraud and punish repeat offenders.  More than half of all U.S. households own securities.  They depend on the market to help secure their retirement and send their kids to college.  They shouldn't have to suffer undue risk or incur losses while securities law violators get away with a slap on the wrist.  Investors deserve real protection, and the law needs to change to ensure the punishment fits the crime.  This bill gives the SEC more tools to demand meaningful accountability from Wall Street," said Reed, a senior member of the Senate Banking Committee.  "I am pleased to be joined by Senator Grassley in this bipartisan effort to enhance the SEC's ability to protect investors and crack down on fraud."

"If a fine is just decimal dust for a Wall Street firm, that's not a deterrent," Grassley said.  "It's just the cost of doing business.  A penalty should mean something, and it should get the recidivists' attention.  I especially like the increased penalties for repeat offenders in this bill.   That should help change the dynamic of business as usual.  If this legislation is enacted, as I hope it will be, I expect the SEC to use these new penalties.  The SEC doesn't always use all of the penalties at its disposal, and it should."

SUMMARY: The SEC Penalties Act of 2015

Update Civil Money Penalties for Securities Law Violations. The bill modernizes and updates the maximum money penalties that may be obtained from individuals and entities charged with securities law violations in administrative and civil actions.

Most Serious Violations. The maximum penalty for an individual charged with the most serious violations (i.e., third tier violations involving fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement that resulted in substantial losses to victims or substantial pecuniary gain to the violator) could not exceed, for each violation, the greater of (i) $1 million, (ii) three times the gross pecuniary gain, or (iii) the losses incurred by victims as a result of the violation.  The maximum amount that could be obtained from entities charged with the most serious violations could not exceed, for each violation, the greater of (i) $10 million, (ii) three times the gross pecuniary gain, or (iii) the losses incurred by victims as a result of the violation.

Other Violations. The maximum penalties for individuals and entities charged with other violations would be revised as follows:

1.               The maximum penalty for an individual charged with less serious violations involving fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement (i.e., second tier violations) could not exceed, for each violation, $100,000 or the gross pecuniary gain as a result of the violation in some cases.  The maximum penalty that could be obtained from entities charged with these violations could not exceed, for each violation, $500,000 or the gross pecuniary gain as a result of the violation in some cases.

2.               The maximum penalty for an individual charged with violations not involving fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement (i.e., first tier violations) could not exceed, for each violation, $10,000 or the gross pecuniary gain as a result of the violation in some cases.  The maximum penalty that could be obtained from entities charged with these violations could not exceed, for each violation, $100,000 or the gross pecuniary gain as a result of the violation in some cases.

Penalties for Recidivists. The maximum amount of the penalty for repeated misconduct shall be three times the applicable cap when the person or entity within the five years preceding the act or omission is held criminally or civilly liable for securities fraud.

Violations of Injunctions or Bars. The bill provides authority to seek civil penalties for violations of previously imposed injunctions or bars obtained or entered under the securities laws.  It also provides that each violation of an injunction or order shall be considered a separate offense.  However, in the event of an ongoing failure to comply with an injunction or order, each day of the continued failure to comply with the injunction or order shall be considered a separate offense.

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WASHINGTON - Sen. Chuck Grassley of Iowa is urging fair treatment of the wind energy production tax credit whenever the committee of jurisdiction takes up expired or expiring tax provisions.

"Good tax policy requires certainty that can only come from long-term predictable tax laws," Grassley wrote to Sen. Orrin Hatch, chairman of the Finance Committee.  "Businesses need certainty in the tax code so they can plan and invest accordingly.  And, while I look forward to working with my colleagues in the future to enact tax reform and put an end to the headaches and uncertainty created by the regular expiration of tax provisions, right now our focus must be on extending current expired or expiring provisions to give us room to work toward that goal."

Grassley's letter noted that opponents of renewable energy single out such provisions for removal while overlooking the many generous, permanent provisions benefiting other forms of energy.  Grassley has detailed the many provisions benefiting the oil, gas and nuclear industries in remarks on the Senate floor.   His letter said Iowa ranks third in the nation in terms of installed wind capacity, providing more than 28 percent of Iowa's electricity, while supporting more than 6,000 jobs.  Nationally, the wind energy industry supports more than 73,000 jobs.  "With jobs and the economy at the top of Americans' concerns, it would be a travesty for our new majority to put these jobs at risk," Grassley wrote.

Grassley also wrote that the wind energy industry is the only industry that has put out a phase-out plan for its tax credit.  He said such a phase-out should occur in the context of comprehensive tax reform, where all energy tax provisions are on the table.

Grassley authored and won enactment of the first-ever wind energy production tax credit in 1992.  The incentive was designed to give wind energy the ability to compete against coal-fired and nuclear energy and helped to launch the wind energy industry.  He has worked to extend the credit ever since.

Grassley is a senior member and former chairman of the Finance Committee.