Iowa’s biggest economic development deal was announced Wednesday. As Governor Terry Branstad puts it… it’s all about wind energy. Mid-American Energy will in invest 1-point-9 billion dollars in Iowa to add up to 1,050 megawatts of wind generation. That’s about 656 new wind turbines IN IOWA by 2016. Branstad says Iowa’s wind energy industry is a good selling point for high-tech companies like Facebook which just announced it would build a data center in Altoona, just outside of Des Moines.
Warren Buffett’s Berkshire Hathaway's newest Iowa acquisition, Prudential First Realty, soon will be adopting the “Berkshire Hathaway Home Services” logo. The company has 77 agents and three offices in central Iowa, and their “For Sale” signs that now say Prudential, will be converted to Berkshire Hathaway.
Brennan Buckley is a company marketing executive in Des Moines.
It got pretty shaky there for a bit, as river levels fell dangerously low, slowing down barge traffic essential to exporting Iowa’s grain crops. Mike Peterson with the Army Corps of Engineers in St. Louis says they were able to keep boats moving until mother nature stepped in to make the Mississippi navigable again.
"I think it’s a source of relief for a lot of folks in the Corps, the Coast Guard and the river industry."
IPR's Pat Blank reports on a project that pairs college students with service dogs in-training.
A unique project in Northeast Iowa combines Wartburg College students with service dogs-in-training who will eventually be paired with military veterans or children with special needs. The dogs can profoundly assist physically and emotionally wounded soldiers and give hope to families who need a boost to help cope with a child with challenges. The non-profit organization Retrieving Freedom is supplying the dogs. Their website is retrievingfreedom.org.
Iowa Public Radio's Pat Blank reports Russell Wasendorf will spend the rest of his life in prison.
A federal judge has sentenced 64- year- old Russell Wasendorf, Sr. to 50 years in prison. Last July, following an attempted suicide, Wasendorf admitted to stealing more than 215 million dollars in customer funds from his Cedar Falls brokerage firm Peregrine Financial Group.
In a plea agreement in September, he pleaded guilty to charges of mail fraud, embezzlement and making false statements. 50 years is the maximum punishment for those offenses. There is no parole in the federal court system. He was sentenced by Chief Judge Linda Reade.
With lingering drought keeping the crucial Mississippi River waterway at historically low levels, some projected that barge traffic on the river would come to a scraping halt in early January. It hasn’t proved to be quite as bad – the Army Corps of Engineers now says the river will likely stay open for transportation at least through the month – but many grain and energy industries that rely on sending products up and down the river aren’t yet breathing a sigh of relief.
The “Fiscal Cliff” bill signed by President Obama includes renewal tax credits for wind energy. Iowa is third in the nation for wind power production.
Wind energy companies here claim the incentives are essential for the growth of the industry. Harold Prior is the Executive Director of the Iowa Wind Energy Association. He says as the deadline approached without guaranteed renewal, investors were hesitant to start projects.
More than 93 million people are expected to be jumping in their cars and traveling this holiday season according to Triple-A. But there’s a new trend emerging that is rivaling the car and even some airlines. Curbside buses are extending routes. Even through the unlikely sparsely populated Midwest and Great Plains.
It was almost 2 and a half years ago when flooding swamped Lake Delhi; the dam washed out, and the lake vanished down river. Today, efforts are underway to bring it back. The economic impact is mounting.
A blue and white “Now Hiring” sign hangs on the front of the Wonder Bread bakery in downtown Waterloo. It’s an outdated sign because not only is the company not adding workers, last Friday it laid off everyone who worked there. Parent company Hostess has filed for bankruptcy idling nearly 19 thousand workers across the country. A federal judge is considering the case and has agreed to mediation.
Hundreds of Iowa utility workers are on the East Coast helping restore power to the thousands knocked offline by Super Storm Sandy. Just as progress is being made, another storm threatens to undo much of the work already accomplished. Lead Safety Consultant for Alliant Energy in Cedar Rapids, Kent Sodawasser says crew members are struggling with downed trees. Sodawasser says he was humbled today when a man wearing a red, white and blue tie shook his hand and said, "Thanks for putting my power back on, now I don't have to watch over my generator and I can go and vote."
Utility crews from throughout the country including several from Iowa are on their way to the East Coast to be on the scene for anticipated power outages from the Hurricane Sandy. More than 100 Alliant Energy employees left Cedar Rapids for the journey yesterday including Kent Sodawasser who joins Iowa Public Radio’s Pat Blank by phone from Pennsylvania. Kent Sodawasser is Lead Safety Consultant for Alliant Energy. We hope to check in with the crew again as the storm progresses this week.
While Iowa's total population grew by 2.8 percent over the past nine years, the 2010 Census Report shows that the growth has occurred in the state's largest cities and their suburbs, while the rural areas are losing residents.
Iowa's smallest towns are shrinking- the total population living in towns of one-thousand people or less decreased by seven percent in the last decade. We conclude our summer series on Iowa towns and cities with a look at communities struggling to survive. Charity talks with Jeff Schott of the University of Iowa's Institute of Public Affairs. Schott reveals the latest census numbers focusing on parts of the state experiencing population loss. Also joining the conversation- Sac County Economic Development Director Shirley Phillips, Decorah author Robert Wolf and Cedar Rapids entrepreneur
With drought conditions now gripping more than half the country, many farmers in Iowa are waiting to see if they’ll even have much of a crop to harvest. While farm country feels the brunt of the drought, those in the city are also being hit. Iowa Public Radio’s Clay Masters reports.
Economic development officials have begun to assess the fallout from the abrupt closure of the Cedar Falls-based international brokerage firm, Peregrine Financial Group doing business as PFGBest. The company is being investigated by both governmental and regulatory officials for fraud and misuse of customer money. 220 million dollars is reportedly missing, Company founder, 64 year old Russell Wasendorf Sr. attempted suicide on Monday. CEO of the Greater Cedar Valley Alliance and Chamber, Steve Dust says they're reacting to what they know and discounting what they can't verify.
Plenty of young aspiring lawyers dream of landing at a high-powered big-city firm after graduating. So an internship in a sleepy, rural town might not sound like a dream summer job. But that’s just what three law schools in Iowa and Nebraska are encouraging their students to consider.
And with new grads facing one of the worst job markets in decades, some say working in smaller towns is looking better.
The job market can be a challenge for anyone these days, but imagine what it’s like for someone who’s spent time in prison or who has a less than stellar work history for other reasons. Iowa Public Radio’s Pat Blank reports on an innovative program in Northeast Iowa that’s slowly making a difference.
Nearly four years after the 2008 flood in Cedar Rapids, you can still sell your damaged home to the city. That window’s about to close, however. More than 100 people have signed up for the final round of buyouts – even though they’ve stuck it out this long. Iowa Public Radio’s Kate Wells reports.
With all the gloomy news about job prospects these days, seniors can feel like their diploma is a one-way ticket to mom’s basement. But there are young adults who’ve landed on their feet – and learned how to make it in this tough economy.
The familiar movie-opening theme is fading in many of Iowa’s small communities. Many main-street theaters, caught in a technological dilemma, are closing. But as Iowa Public Radio’s Dean Borg, reports some communities are scrambling to preserve main stret silver screens.
The Triple A’s average price for a gallon of regular gas this week is three dollars and ninety cents a gallon. That has a lot of people thinking about how much and where they drive. Iowa Public Radio’s Pat Blank reports, it’s also taking a bite out of some volunteer programs like Meals on Wheels.
Today, we continue with our “Being in Iowa” series. All this week, IPR reporter Rob Dillard is asking the question, what does it mean to be African-American in the state? Nearly a third of all blacks in Iowa live below the poverty line. They earn on average less than half of white households, and their unemployment rate is more than double the overall state figure. Rob introduces us to three African-Americans, who are working to improve their economic standing with some assistance along the way.
Soaring labor costs in China and a strengthening Chinese currency that makes exports more expensive is being felt in Iowa. Products, especially electronic components are becoming harder to get and in some cases are slowing the progress of building projects. Iowa Public Radio's Pat Blank talks with Des Moines architect Tim Hickman about how China's economy and the economic climate of other countries factors into the budget of projects here.
Two years ago at this time communities across Iowa were underwater. The floods of 2008 impacted dozens of neighborhoods but those in Cedar Rapids were among the hardest hit. Iowa Public Radio's Kate Wells and Alex Heuer report on signs of progress and the challenges still facing the community.
By the end of the year, IBM will employ about 1,300 people in Dubuque. Local leaders are calling the technology giant's move to the city last August a resurgence and the community has become a testing ground for business expansion within the United States.