economic development

Iowa economic development leaders are rolling out a new loan program to help communities spruce up, especially small towns.

Iowa Economic Development Authority Director Debi Durham says low interest loans are available to communities through the Nuisance Property and Abandoned Building Remediation to get rid of eyesore properties. 

IPR file photo by Amy Mayer

North Carolina-based Prestage Farms has announced plans to build a 10,000 head-capacity hog processing plant in Mason City. The company's estimated investment would be $240 million.

Photo by Joyce Russell/IPR

The head of Iowa’s top job creation agency was in the hot seat at the capitol Monday. Lawmakers and union representatives grilled Iowa Economic Development Authority Director Debi Durham about mass layoffs at the Iowa Fertilizer Company plant in Lee County.  But Durham says the  record-breaking incentives that attracted an Egyptian company to Iowa will not be scaled back.  

The pink slips last month took union workers and state lawmakers by surprise.  

Durham says she found out about them from Burlington Democrat and labor supporter Senator Tom Courtney.

The Branstad administration has spent close to half a million dollars on an initiative  designed to convince more companies to locate here rather than in another state.   Four industrial sites have been designated as project ready, a trend officials say is catching on around the country.  

Clay Masters / IPR

Plans to build a new regional airport are underway in south central Iowa’s Mahaska County. Two existing airports – in Oskaloosa and Pella would close – and a new consolidated one would provide services to large companies in the area. Iowa Public Radio’s Clay Masters reports on the fight over whether or not a new regional airport will help the area economy. 

Lakota Group

Plans for developing a regional medical district in the center of Cedar Rapids are beginning to come together. As Iowa Public Radio’s Durrie Bouscaren reports, area hospitals hope that by joining together, they can compete with other cities. 

The MedQuarter in Cedar Rapids includes two large hospitals, smaller clinics, and nearby businesses. As a Self Supporting Municipal Improvement District, or SSMID, the group can levy taxes to improve the area.