Tag Archives: Economic Development

Alliance & Chamber Launches New Website to Showcase TechWorks Campus

The Greater Cedar Valley Alliance & Chamber is pleased to announce the launch of a new website, techworkscampus.com. This new resource was developed to provide greater visibility and information about the TechWorks Campus, its properties, projects and partners. It is also a source for latest news and developments taking place on the Campus.

The site is a tool for businesses looking for a location where the latest tools, concepts and applications in manufacturing are being used and developed.

Visitors will also find information about the Iowa Advanced Manufacturing Network Hub (IAMNH) at TechWorks Campus, University of Northern Iowa Metal Casting Additive Manufacturing (3D printing) program, a virtual reality design center, Cedar Valley Maker’s club, and other emerging projects, and new tenants.

Construction progress for The Green @ TechWorks including the hotel, conference space, John Deere Training Center, and restaurant will be provided on the site as will updates for the proposed marina.

The website launch highlights a new logo for the TechWorks Campus, developed to reflect the advanced manufacturing focus of the Campus and its place in manufacturing history.

“The logo is based on a carbide, a highly specialized, precision tool used in manufacturing,” says TechWorks Facilities Manager Wes James who credits TechWorks Board Chair Tim Hurley with the concept. “Because each carbide has a unique geometry based on its application, it serves as a distinctive symbol of our mission to drive innovation and excellence in advanced manufacturing.”

#CedarValleyMade – HowFactory wins top prize at UNI’s 2015 Dream Big, Grow Here Competition

A Cedar Valley startup, HowFactory, won a total of $15,000 in the University of Northern Iowa’s 2015 Dream Big, Grow Here competition held at EntreFEST Thursday night. HowFactory has created a digital process for manufacturers to manage training material.

Earlier Thursday afternoon, HowFactory won $5,000 in the semi-final round in the manufacturing/Bioscience/IT division then later that evening won the grand prize of $10,000 in the final round. If that wasn’t enough, HowFactory won DBGH’s People’s Choice Award with their business pitch-off.

The DBGH statewide pitch-off attracted over 110 startups and small business from Manufacturing, Biotechnology, Information Technology, Ag Innovation, Retail, Hospitality Restaurants, Pre-Revenue Start-up and Professional Services. For more information on HowFactory visit their web site http://www.howfactory.com

ConAgra Foods Announces $50M Expansion

Cedar Valley of Iowa – The Greater Cedar Valley Alliance & Chamber and the City of Waterloo, Iowa announce the $50M expansion of the ConAgra Foods plant located in the Waterloo MidPort Industrial Park, pending approval of state and local assistance.

Mayor Buck Clark welcomes the potential new investment and jobs at the MidPort site, thanking ConAgra’s staff and leadership, both at the Waterloo facility and corporate headquarters, for their decision to “Choose Waterloo.”

“The City of Waterloo is proud to continue our growing relationship with ConAgra Foods. This expansion is great for Waterloo’s tax base and it adds new employment opportunities for the whole Cedar Valley area,” said Clark, “Furthermore, ConAgra continues to strengthen and diversify its Waterloo location by adding yet another product line.”

The project and impact:

ConAgra Foods makes consumer snacks marketed under the Snack Pack and Swiss Miss brand names at its Waterloo facility.

This proposed project will add DAVID snack seed production to its state-of-the-art manufacturing platform in Waterloo.

“Waterloo is a great fit for ConAgra Foods and our new snack seeds facility. Waterloo has an excellent workforce and the location will allow us to meet our current and future business needs,” said Mike Tracy, Sr. Vice President of Supply Chain for ConAgra Foods. “Selecting Waterloo, pending approval of state and local assistance, for this work was made possible through great partnerships between ConAgra Foods and local officials, and we look forward to having a continued presence in Waterloo.”

The proposed expansion project will include new construction of processing, packaging, warehouse, and administrative areas to accommodate the new product. This expansion is expected to increase the plant production by 30 percent, adding approximately 99,000 square feet to the existing facility. The new production line will create a highly automated, state of the art manufacturing platform designed to offer more flexibility in packaging options as business needs change.

Total employment is also expected to increase by about 55 positions. Hawkeye Community College will support the proposed ConAgra Foods expansion through the Iowa Industrial New Jobs Training Program (260E), which provides a funding mechanism for training new employees. The value of the training incentive is estimated to be approximately $536,000.

“Firms like ConAgra Foods have many options when deciding where to make large capital investments. We are excited that ConAgra Foods again chose to invest in the economy, workforce, and business climate of the Cedar Valley of Iowa. It’s exciting to have yet another nationally recognized brand added to the Cedar Valley by a Fortune 500 company,” said Greater Cedar Valley Alliance & Chamber CEO, Steve Dust. “Combining this major investment with the recent expansion of VGM and the location of Winnebago, the Cedar Valley economy continues to demonstrate its strength as a profitable, productive location to serve national and international markets. I congratulate Mayor Clark, Noel Anderson and the Alliance & Chamber Economic Development team for this success for Waterloo and the Cedar Valley”, Dust concludes.

History

The MidPort site was originally chosen in 1997 by ConAgra Foods to build a state-of-the-art plant to produce pudding packs. The current project under consideration would be the third expansion at the MidPort plant, continuing to prove that the Cedar Valley is a prime location for quality companies with jobs like those at ConAgra Foods.

Moving Forward

ConAgra Foods officials have applied to the Iowa Economic Development Authority (IEDA) for state incentives, with action on the request expected at their board meeting on May 22 in Des Moines. The Waterloo City Council will consider necessary approvals during their May 26meeting.

Pending approval of incentives, ground-breaking for this project is expected to take place in mid-June. The new operation could begin production by late 2016.

For more information about this project or the Greater Cedar Valley Alliance & Chamber contact Steve Dust by calling 319-232-1156 or by email to sdust@cedarvalleyalliance.com.

Winnebago Industries to Expand Operation to the Cedar Valley of Iowa

Officials from Winnebago Industries Inc., the City of Waverly, Iowa, and the Greater Cedar Valley Alliance & Chamber are announcing the planned location of a Winnebago production facility in Waverly, Iowa.

The Winnebago facility will locate in the Waverly’s SW Business Park on 8^th St. SW in 33,400 square foot building. As stated in an earlier press release from Winnebago Industries, the new Waverly facility will be used for wire loom assembly for the Company’s motorhomes.

The Waverly production facility is expected to employ 70 full time workers with a capital investment of $1.5 to $2 million.

The Alliance & Chamber along with the Cedar Valley Regional economic development partners, to Randy Potts, Winnebago’s Chairman, President & CEO after reading about the company’s projected growth in January.

“The announcement of Winnebago’s decision to locate their new facility in Waverly is the culmination of a collaborative effort among Winnebago Industries, Waverly Economic Development, the Greater Cedar Valley Alliance and Chamber and Hawkeye Community College. This effort has resulted in very positive outcome for the entire Cedar Valley Region” said Connie Tolan, Economic Development Specialist, Waverly Economic Development.

“We are very excited that Winnebago Industries has chosen Waverly as the site for their new sub-assembly facility. The addition of a quality employer like Winnebago to Waverly and the Cedar Valley will have a positive impact on the entire Region” said Bill Werger, Community Development Director, Waverly Economic Development.

“The Waverly property was the best fit for the companies immediate and long term needs,” Werger added.

Property acquisition is expected within the next 45-60 days. No timeline has been given for the start of production, but Winnebago anticipates that hiring will begin in June 2015. Those interested in employment are directed to the company website www.winnebagoind.com/company/careers.

“We are pleased to have another legacy Iowa brand locate in the manufacturing hub of Iowa, the Cedar Valley. On behalf of our manufacturers and all businesses and institutions, the Alliance & Chamber welcomes Winnebago to the Cedar Valley of Iowa,” said Steven Dust, CEO, Greater Cedar Valley Alliance & Chamber.

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$12 million for the TechWorks Campus Reinvestment District

Economic Development Board approves Reinvestment District Funding for Waterloo

The Iowa Economic Development Authority (IEDA) board today met to approve funding for the City of Waterloo through the Iowa Reinvestment District program.

The board approved the maximum benefit amount of $12 million for the TechWorks Campus Reinvestment District plan submitted by the City of Waterloo. The Iowa Reinvestment District Program is designed to assist communities in developing transformative projects that will improve the quality of life, create and enhance unique opportunities, and substantially benefit the community, region and state. The program provides for up to $100 million in new state hotel/motel and sales tax revenues to be “reinvested” within approved districts. Districts cannot exceed 25 acres in size, and must be in an Urban Renewal Area.

Iowa Reinvestment District plans must include tax revenues generated by “new retail establishments” and “new lessors”. New retail establishments cannot exceed 50 percent of the total proposed capital investment. At least one of the new proposed projects within the district must reach a total capital investment of $10 million. And, the total amount of new tax revenues to be remitted to the municipality cannot exceed 35 percent of the total cost of all proposed projects in the district plan.

In 2014, 10 municipalities submitted applications, with three receiving a score in excess of 70 points (out of 100). In June, 2014, the IEDA board approved provisional funding for the projects in the City of Des Moines, the City of Muscatine and the City of Waterloo. Final application materials fully meeting all of the program’s requirements are due prior to March 1, 2015.

The City of Waterloo submitted its final application on Jan. 23, 2015, and today the IEDA board acted to award the maximum $12 million benefit amount contingent on the receipt of a fully executed, amended development agreement between the City of Waterloo, Cedar Valley TechWorks and the developer.

The TechWorks district, located at the west end of downtown and made up of land donated by Deere & Company, would have a capital investment of $74.1 million and include three projects. The first is a mixed-use development including a business-class hotel, industrial incubator, private sector lab and manufacturing maker-space, and John Deere Tractor & Engine Museum. The second project area includes commercial out-lots such as a restaurants and retailers that complement other project areas. The third project area includes a marina for boat storage, boat sales, fuel sales and a riverfront restaurant.

Final applications for the cities of Des Moines and Muscatine have not yet been submitted to the IEDA board.

The Cedar Valley Economy – Strong and Growing!

The Cedar Valley Economy – Strong and Growing!

The strong and growing Cedar Valley economy contains the right conditions for business and career success. Current economic growth and its demand for quality talent is benefiting manufacturing, business services, retail, housing, education, healthcare and other enterprises that contribute to the vitality of the region.

Strong Cedar Valley job market is creating opportunity and raising income.

According to Smart Solutions Group, employment in the Cedar Valley Region Labor Market grew by 7.4% from 2003 to 2013, slightly above the State of Iowa during the same period. As of November 1^st, Iowajobs.org, the web-based job board of Iowa Workforce Development (IWD), shows 1,504 positions currently available in the Cedar Valley. Many of these jobs are in the advanced manufacturing sector. Welders and CNC operators are among the many positions available in advanced manufacturing operations in the Cedar Valley.

The Greater Cedar Valley Alliance & Chamber recently surveyed Cedar Valley employers regarding their immediate employment needs. “We’ve identified businesses in the Cedar Valley region with immediate openings,” reports Danny Laudick, Talent Solutions Coordinator with the Greater Cedar Valley Alliance & Chamber. “We are coordinating efforts to match available talent with these companies or with training in the fields where there is greatest demand.”
Connecting to training

The Alliance & Chamber collaborates with Iowa Workforce Development (IWD) and Hawkeye Community College (HCC) and other agencies to connect talent with employment and training opportunities through career and resource fairs, data collection and sharing. There is ongoing collaboration between employers and agencies to design programs to stay ahead of shifts in demand and provide rapid response to immediate workforce needs. The Alliance & Chamber identifies the specific employment needs in the Cedar Valley business community and acts as the voice of business. The Alliance & Chamber develops innovative solutions to solve talent issues. They use their network of partners and affiliate to bring others into the process.

In response to local demand, Hawkeye Community College now offers short term certifications for industrial maintenance and CNC machining programs. The CNC Machining Program prepares students for high demand, entry-level positions as a CNC machine operator or general machinist, one of the most demanded skills by area employers in the Cedar Valley. Both programs are designed to create a pipeline of available talent with new skills to fill these high demand jobs in a short amount of time.

The Department of Industrial Technology at the University of Northern Iowa also offers undergraduate and graduate programs in the areas of: Construction Management; Electrical Engineering, Manufacturing Technology, Technology Education, and Technology Management. The UNI Metal Casting Center, offers students practical hands-on experience in concepts in additive manufacturing with modern well-equipped facilities and cutting edge technology. At the Additive Manufacturing Center, located at the Cedar Valley TechWorks, students operate a variety of 3D printers, including the ExOne, the largest of its kind in North America. Students are producing products and part prototypes for manufacturing clients across state. UNI students are ‘floor ready’ upon graduation having had real world experience working with private sector businesses on actual projects. The Center also provides manufacturers affordable access to research and development and rapid prototyping. The Department of Industrial Technology currently enrolls over 500 students annually.

K-12 Career Training

Cedar Valley school districts are making sure their students are prepare for success beyond graduation through a variety of initiatives and partnerships with the business community.

In the Waterloo Community School District, Career Academies give students the opportunity to choose an area of interest, such as construction, business and finance, marketing, engineering, healthcare, etc. Students then take a sequence of classes to prepare for the real world of work in that field. Waterloo also has an International Baccalaureate Program which is an intensive, two year academic program in the high schools that prepares students for success in higher education and for effective participation in global society. The program includes writing an extended essay (similar to a doctorate thesis, but at high school level), a focus on critical thinking as well as creativity, action, and service activities. Waterloo’s West High and East High are two of only three schools in Iowa to offer the International Baccalaureate Diploma Program.

Both the Waterloo and Cedar Falls school districts have embraced the Leader in Me initiative championed by the Greater Cedar Valley Alliance & Chamber. The Leader in Me is based on Stephen Covey’s book Seven Habits of Highly Effective People. The initiative teaches students 21st Century soft skills for success in college, career, and citizenship. Through authentic leadership opportunities and daily practice of the habits, participating schools are transforming their school cultures into proactive, leadership focused communities of learning and development.

Cedar Valley West’s School to Work program brings together students from four Cedar Valley school districts (Aplington-Parkersburg, Dike-New Hartford, Gladbrook-Reinbeck, and Grundy Center) to provide valuable career information and connections to area businesses. Businesses are asked to provide speakers, offer internship and job shadowing opportunities, give worksite tours and contribute financial support.

Through the School to Work program, students throughout the Cedar Valley are becoming more prepared for the local job market. Businesses are molding potential employees by creating hands-on ways for students to explore careers while still in high school. Business – education partnerships like these are helping to bridge the talent gap and produce individuals prepared for employers across sectors in the Cedar Valley.

Diverse Economic Base
The Greater Cedar Valley Alliance & Chamber and the Cedar Valley Regional Partners have placed diversifying the economic base as a top priority of business attraction . . . and it has paid off. The diversified economic base has created jobs and helped the region weather the last recession far better than most parts of the country earning the Cedar Valley the title “Recession Busting” by Area Development Magazine, a leading executive magazine covering corporate site selection. The Cedar Valley is not reliant on one sector to maintain the health of the economy.

Since 1996, 76% of new jobs created in the Cedar Valley have not been tied to a single industry, specifically agricultural manufacturing. Likewise, 81% of the new capital investments in the Cedar Valley were equally diversified during the same time. This diverse industrial base provides increased opportunities for wealth creation and employment in the event of a downturn in one sector.

“Most new capital investment has come from companies who have expanded existing operations here or established new locations in a broad spectrum of industry sector. This is consistent with new construction and new jobs created,” notes Lisa Skubal, Vice President of Economic Development with the Alliance & Chamber.

Adding to the industry mix is the growing Information Technology (IT) sector. In the Cedar Valley, IT consists of local start-up web product and software companies, and is among the fastest growing sector in percentage of current workforce in the Cedar Valley market area. Enterprises also see internal IT operations increasing and contributing to the growing demand for highly skilled programmers, engineers, coders, and designers in the Cedar Valley.

Conversations with technology leaders in the Cedar Valley suggest that IT employers are increasing their employment by up to 50% or more over the next few years. This makes availability of trained/educated individuals critical. The Alliance & Chamber, Kate Washut of Far Reach Inc., and Linda Allen of Hawkeye Community College (HCC) convened a discussion between Alliance & Chamber investors in the IT sector and HCC academic and career education teams. The group discussed courses, training, and programs available through Hawkeye, and the expectations of the employers. Dialogs like this, between business and education, are vital to better understand of specific skill demand in order to offer training programs that are most relevant to industry needs.

“The strong job market is creating opportunities for individuals to take advantage of an increase in training opportunities and raising personal income,” says Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber. “We see growing demand across industry sectors. IT related fields, advanced manufacturing, higher education, healthcare, logistics, and business service markets make up the employment landscape of the Cedar Valley. The competitive wage scales being offered go much further here than in most areas of the country thanks to our low cost of living.”

The cost of living in the Cedar Valley is 8.1% lower than the national average according to third quarter 2014 Cost of Living Index prepared by The Council for Community and Economic Research. Utility costs are an even greater value, at 10.4% below the national average – a key factor for companies looking to locate or expand their operations.

While the cost of living is low, prosperity is on the rise in Cedar Valley. According to the new US Cluster Mapping website launched by Harvard Business School and the U.S. Economic Development Administration, the Cedar Valley Region is one of a handful of regions with growth in prosperity from 1998 -2012. Our economic region ranks 7^th among 170 economic regions in the country for prosperity growth. The scorecard is based on three categories of data: performance (the economic activities of the region), business environment, and demographics & geography. The Cedar Valley is also in the top 20 regions for growth in annual personal wages at 3.49%. This outpaces the national average of 3.16% during the same period.

Low cost of living and strong personal wages may contribute to an increase in spending. In September of 2014, the latest Gross Domestic Product (GDP) numbers were released showing considerable growth in the Cedar Valley. The Waterloo/Cedar Falls Metropolitan Statistical Area (GDP) grew to $8.7 billion from 2012-2013. This is up 5.6% from the previous year, according to data released in September from the U.S. Bureau of Economic Analysis. Collectively, real GDP for U.S. metropolitan areas increased 1.7% during the same period. The Waterloo/Cedar Falls metro area had the second highest percentage increase in GDP compared to other Iowa metros.

These gauges of economic health demonstrate the strength and continued growth of an already stable Cedar Valley economy and instill confidence both in consumers and business leaders. Recent announcements of business expansions reflect confidence and optimism in the region.

Business Confidence and Private Investment

Cedar Valley businesses across the region are making investments in their companies. Increasing exports, and hiring talented, productive people demonstrates their confidence in the strength of the Cedar Valley economy.

CBE Companies, with international locations, chooses to keep their corporate headquarters here in the Cedar Valley where their success started over 80 years ago. “We continue to tap into a rich talent pool in our own backyard to fill a variety of positions and levels – from contact center associates to fraud service representatives to IT, Analytics, Finance, Marketing and HR professionals,” says Mary Phillips, Chief Human Resources Officer for CBE Companies.

Based on a variety of regional data, CBE has determined that the Cedar Valley has the talent resources available to expand their staff considerably. “We use information from both the Greater Cedar Valley Alliance & Chamber and Iowa Workforce Development when considering expansion. We evaluated unemployment rates, education levels, Spanish speaking population, underemployment, average wages, and average ages.” Over the last year, CBE has had two major surges in hiring making them one of the top ten major employers in the Cedar Valley.

Mark Hanawalt is the CEO of United Equipment Accessories, Inc. (UEA) in Waverly, Iowa and the current chair of the Iowa Association of Business and Industry (ABI). He often shares with peers from around the state that the Cedar Valley is a great place to do business. “They know about the Cedar Valley and never disagree,” notes Hanawalt. UEA has found that being part of a regional economy driven by advanced manufacturing has contributed to their growth. “Because of the presence of very large manufacturers in the area, we can utilize a common vendor base with tremendous capabilities without having to go outside the area.”

UEA invests in training and development opportunities that contribute to the personal and professional growth of their employees. UEA provides training for new hires, development opportunities with specifically designed skills enhancement training, job cross-training, as well as a Tuition Assistance Program for employees. Highly technical positions, such as CNC programmers, machinists, engineers and IT professionals regularly participate in training opportunities relating to technology advancements and developments, job knowledge enhancement, computer software and system developments and updates.

“United Equipment Accessories, Inc. has been a Cedar Valley manufacturer for over 60 years. Even as we have grown substantially over the years, we have never felt the need to expand outside this area,” says Hanawalt. “Our pool of labor talent is very high. Employees are well educated, trained, and motivated to be productive employees.”

Start-up Momentum

While long standing businesses continue to expand, the start-up community in the Cedar Valley is picking up momentum at a rapid pace. ‘Serial’ entrepreneurs and young visionaries are gathering in coffee shops, bars, and meeting rooms around the Cedar Valley to share ideas and connect with resources in hopes of launching the next big thing. Start-Up Drinks, Start-Up Weekend, BarCamp, One Million Cups, Cedar Valley Opencoffee, and Cedar Valley Makers are a few of the organized efforts to support a young and energetic start-up community.

Steve Dust, CEO of the Alliance & Chamber, believes that “the prosperity of the Cedar Valley still depends on fostering, growing, and attracting entrepreneurship in all types of businesses. We want to encourage more people to build on our history of successful entrepreneurship, and the Alliance & Chamber supports efforts to enhance the strong, growing start-up scene throughout the Cedar Valley economic area.”

The Cedar Valley is thriving

With an abundance of good paying jobs and access to higher education, the Cedar Valley offers a wealth of opportunities for individuals to grow their careers. Businesses are thriving and making significant investments in the region by expanding their operations through building projects, new processes, equipment, technology, and talent. The lower cost of living, excellent school districts, and overall safety make it a desirable place to live, work, and raise a family.

The mission of the Greater Cedar Valley Alliance & Chamber is to increase economic vitality and wealth by leading collaborative economic and community development. Details about the many programs and initiatives of the Alliance & Chamber can be found at www.cedarvalleyalliance.com or by calling Steve Dust, CEO at (319) 232-1156.

Greater Cedar Valley Alliance & Chamber Supports Hawkeye Community College Bond Referendum

A talented workforce, equipped with the skills and knowledge required to succeed in jobs today and in the future, is necessary for success in economic development. Because of the essential role that Hawkeye Community College plays in our economy, ensuring that our students prepare for 21^st Century careers, the Board of Directors of the Greater Cedar Valley Alliance & Chamber has endorsed the Hawkeye Community College proposed bond issue to be voted on February 3.

Workforce Needs Are Changing – Hawkeye Delivers For Us

Our investment in modern facilities and career education programs at Hawkeye, funded through this bond referendum, is a sound one, and one that promises good returns for the entire area. Students of all ages, learning in-demand skills, with state of the art equipment and top-flight, experienced faculty delivers graduates who are in demand in the job market, earning higher wages, and creating more disposable income to support our local businesses. Given Hawkeye’s stellar reputation for delivering on the promise of well-educated students, who are from and stay in the Cedar Valley after graduation to work and live, we can predict with confidence that this $25 million investment will be returned to our economy many times over.

It’s impressive to note that Hawkeye serves more than 18,000 people each year throughout the entire Cedar Valley economic area. A recent survey shows 94% of Hawkeye’s graduates stay in Iowa to work and raise their families. That’s important since a majority of quality job openings in our economy require more than a high school diploma but less than a four-year degree.

There’s No Additional Cost

The Alliance & Chamber is always aware that capital projects and programs of public entities impact the tax burden of our businesses and homeowners. You should know that a ‘yes’ vote will not result in any tax rate changes. Since an existing levy is ending, approving this multi-phase program will be paid for with a levy equal to the existing one in place. The price is about $1 per month for our average household to deliver the next generation of career preparation and training for our students.

Hawkeye’s Proposal Benefits The Cedar Valley

The revival of manufacturing is one of the brightest spots in the American economy, and the Cedar Valley is all about modern, advanced manufacturing. We need to train our young people in important skill areas, such as computer controlled machining and 3D printing/additive manufacturing, and other advanced methods in design, materials, production systems, and logistics – all supporting our broad manufacturing base. These are very good jobs.

Hawkeye’s plan to expand its participation in high school career academies is an important part of this bond referendum. Career academies bridge high school students to community college career programs and introduce students to rewarding, high-paying career tracks. For some students, access to these career programs keeps them in school. And these programs are effective conduits to continuing, higher education, and the life-long learning habit.

The word “crisis” is frequently used by healthcare providers planning for the future needs of our state. Job projections point to 3,000 new healthcare openings in Iowa over the next five years. This bond referendum will give Hawkeye the ability to provide more advanced training in medical technologies and sciences. Under this proposal, Hawkeye plans to build a health sciences technology center which will allow the College to expand its healthcare offerings and simulation technology.

State of the Art and Efficient

Additionally, the plan calls for Hawkeye Community College to close two older, outdated buildings and combines them into one flexible, state of the art facility. This provides notable energy savings and operational efficiencies. And the new construction will put more Cedar Valley contractors to work on an important new structure serving our students.

Your Bottom Line Depends on This Bottom Line

The bottom line is this: passing the bond referendum for Hawkeye Community College provides our whole area important benefits in education, skills training, higher graduation rates, and job retraining, allowing more of our local residents to fill higher paying, advanced technology jobs across the spectrum of business and industry. A yes vote does not mean a greater tax burden than is already paid, but it does mean that Hawkeye Community College can continue its efforts to make education affordable and effective. Please consider a yes vote for the Hawkeye bond referendum on February 3.

Steven J. Dust CEcD

CEO

Greater Cedar Valley Alliance & Chamber

President Barack Obama Hails Cedar Falls as US Leading Broadband City

Last week, President Barack Obama visited the Cedar Valley to highlight the City of Cedar Falls and Cedar Falls Utilities(CFU) as a leader in providing broadband service to the community. The national and international media coverage of the President has shown a spotlight on the Cedar Falls and the Cedar Valley. The Alliance & Chamber congratulates the city and CFU for this pioneering work. We also recognize the efforts of other providers to bring high speed service to the entire Cedar Valley. Read the recent blog post by CFU General Manager Jim Krieg.

President Barack Obama’s visit last week was a proud and memorable day for Cedar Falls, and most certainly for CFU. It was an honor to extend Cedar Falls’ hospitality to our President, and to be held up as an example of community broadband success.

Because of the President’s visit, people from all over the place are asking about the secret sauce. What is it that makes community broadband successful in Cedar Falls?

The answer is in the name: community. In 1994, no provider offered high speed internet service in Cedar Falls, and the phone and cable companies then serving the town had no plans to upgrade their networks any time soon. Unwilling to wait, citizens led the charge to pass a referendum that founded our community broadband service and tasked CFU with designing, building and running it.

It was a bold move and not without risk. On Wednesday the President called it visionary and ahead of its time. The referendum ballot included a $3 million bond to fund construction costs. That bond was repaid over time as our business grew.

In fact, the business boomed. The same people who voted to form CFU’s Communications Utility made it a smashing success by signing up as customers. Because of that, community broadband in Cedar Falls is fully self-supporting as a fee-for-service business.

Governor, IPEP release findings of 2014 Battelle Report, a new economic development roadmap for Iowa

Governor Terry Branstad joined representatives from the Iowa Partnership for Economic Progress (IPEP) — the state’s CEO-level, industry-led advisory board co-chaired by the Governor and Lt. Governor Kim Reynolds – to release the findings of the 2014 Battelle Report: Iowa’s Re-envisioned Economic Development Roadmap. The Battelle Technology Partnership Practice was commissioned by IPEP and the Iowa Business Council to conduct this comprehensive analysis.

Greater Cedar Valley Alliance & Chamber CEO, Steven Dust, was a member of the task force and Past Board Chair, Tom Penaluna, serves on the IPEP Board of Directors. Randy Pilkington and Drew Conrad of the University of Northern Iowa Business and Community Services provided data support.

“Thanks to the IPEP board and the Iowa Business Council, we now have a roadmap for the future,” said Governor Branstad. “These business leaders – in addition to their day jobs of running Iowa’s top businesses – have given of their time and resources to make sure Iowa has a focused plan to achieve success. We are grateful for their leadership.”

Battelle is the world’s largest nonprofit independent research and development organization. The Technology Partnership Practice (TPP) assists local, state, and regional organizations, universities, nonprofit technology organizations, and others in designing, implementing, and assessing technology-based economic development programs. Over the past 18 months, researchers from Battelle have been working with the Iowa Economic Development Authority (IEDA) and regional economic development organizations around the state to conduct the study. The comprehensive report reviews Iowa’s industry drivers and potential growth opportunities. It also looks at how the state has fared in advancing innovation, job attraction and retention since the last roadmap was developed in 2004-2005.

“IPEP is charged with advising the state on economic trends that will affect Iowa’s economy and to create a long-term strategy to keep Iowa ahead of the pack,” said Bill Fehrman, president and CEO of MidAmerican Energy and IPEP board member. “With a third-party analysis of the state’s resources, assets and existing gaps, IPEP now has both the qualitative and quantitative foundation on which to base our strategy development. Further, the Battelle Report gives us a call-to-action that will help our elected officials, policymakers, economic developers and business leaders know what strategic priorities we must embrace if we are to achieve economic success over the next decade.”

The executive summary and full report can be downloaded at iowaeconomicdevelopment.com/battelle. Some key findings identified in the report are below:

The Battelle Report takes a look at Iowa’s current position, as compared to the nation and benchmarked states. Due in part to the focused work over the past several years, Iowa is faring well. Some identified successes include:

Restructuring of IEDA and streamlining of funding programs
Creating better private/public partnerships
Better collaboration of stakeholders
Improved marketing of Iowa and its assets

Iowa has made substantial economic progress over the last decade, resulting in positive trends in Iowa’s top-line measures of success:

Productivity is high — As of 2013, Iowa’s economic output, in real, inflation-adjusted terms, was 5.9% higher than the pre-recession levels of 2007, outpacing the national growth of 4.7% during the same period.
Job growth and workforce are strong — Iowa outperformed the nation in the growth of both middle and high-skilled jobs. At the same time, the number of low-skill jobs has actually declined as both employers and employees transition to a more skilled workforce.
Wages are rising — Iowa substantially outpaced national gains in private sector average wages. This is consistent with the rising workforce skill levels in Iowa and an increase in the number of higher quality jobs.
Per capita income is growing — While record farm incomes have driven a substantial increase in per capita income during the last decade, from 2007 to 2013, Iowa’s nonfarm personal income also grew 20%, eclipsing national growth of 14% over the same period.

The Battelle Report makes recommendations for strategic priorities that Iowa must adopt to competitively position the state in a global economy. Recommendations (Strategic Priorities) include:

Build on the competitiveness and growth of Iowa’s industry clusters through innovation, retention and attraction.
Generate and attract skilled workforce in demand by Iowa’s businesses.
Accelerate the development of Iowa’s emerging entrepreneurial eco-system.
Advance Iowa’s physical infrastructure and regional development capacities to realize Iowa’s economic potential.

“This report is such a valuable resource for the IEDA, economic developers and policymakers around our state,” commented Debi Durham, director of the IEDA. “It truly is a data-driven look at where we are at, while at the same time, it gives a clear picture of what we could achieve with the right kind of resources focused on targeted priorities.”

The Battelle study was funded through support from private-sector entities at a cost of approximately $400,000.

Grow Cedar Valley