2013 prospect book
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The Greater Des Moines Partnership is the regional economic and community development organizationserving Central Iowa. Supported by more than 300 public and private investors, the Partnership serves sixcounties through regional economic development, workforce development, small business development,and downtown development. Through economic development, the Partnership works regionally to recruitand assist new and expanding businesses, and to ensure there is a talented and educated workforce fromwhich those firms can draw their human resources. With its 20 regional Affiliate Chambers of Commerceand more than 4,700 business members, the Partnerships mission is to drive economic growth with one
voice, one mission, and as one region.
As the state capital, Greater Des Moines serves as a government, commercial, cultural, and recreationalhub for the state of Iowa. Key industries include financial services, biosciences, advanced manufacturing,information services, data centers, and logistics. There is a growing population base of 670,000 residentsand an extensive Central Iowa labor market. Greater Des Moines features a competitive business climatewith a cost of doing business that is 17 percent below the U.S. average, and a highly skilled, productiveworkforce. Central Iowas transportation infrastructure advantages include the nations only border-to-border, coast-to-coast interstate crossroads (Interstates 35 and 80), mainline rail service, an internationalairport with a Port of Entry, and a Foreign Trade Zone. Greater Des Moines also offers an excellent quality oflife with affordable housing, low cost of living, superior schools, family-oriented lifestyle, and world classcultural and recreational amenities.
ABOUT THE GREATER DES MOINES PARTNERSHIP
The Greater Des Moines Partnership | 700 Locust St., Suite 100 | Des Moines, IA 50309
www.desmoinesmetro.com
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The region has seen tremendous growth, recently investing over $4 billion in public and private projects. TheGreater Des Moines Partnership was established in late 1999 through the merger of ultimately four organizations
promoting growth in the region. Since then, the Partnership has assisted with:
AREA PROFILE
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Culturally, Greater Des Moines is home to the largest concentration of activities in Iowa. Attractionssuch as the John and Mary Pappajohn Sculpture Garden, Greater Des Moines Botanical Garden, BlankPark Zoo, Des Moines Art Center, Hoyt Sherman Place, Living History Farms, and the Science Center of
Iowa are well known throughout the state and beyond.
Live performances by Des Moines Metro Opera, Des Moines Playhouse, Des Moines Symphony, concertsand conventions at the Iowa Events Center, and Broadway performances at the Civic Center
draw thousands of people into the community each year.
Recreational activities such as festivals, sporting events, theme parks, state parks, and lakes, provideentertainment for local residents, as well as state and national audiences.
The Iowa State Fair has been identified by
USA Weekendas one of the
TOP TEN PLACES AMERICA
GOES TO HAVE FUN.
It was second only to Las Vegas.
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Greater Des Moines serves as home to the Chicago Cubs Triple A baseballteam, Barnstormers arena football, Iowa Energy basketball, a United StatesHockey League Junior A team, and a mens Premier Developmental SoccerLeague. Nationally recognized sporting events in the area include:
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Prairie Meadows Racetrack & Casino offers year-round
entertainment with live Thoroughbred and Quarter Horse
racing, simulcast greyhound and horse races, slot machines,
and table games. In addition, the facility hosts world
renowned acts in their events center and has an on-site hotel
for overnight getaways.
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SITE SELECTIONThe Greater Des Moines Partnership is pleased to assist your company during your review process for possibleexpansion or relocation. See testimonials from successful businesses around the region.
Cara Heiden, Wells Fargo Home Mortgage(retired)
Wells Fargo, over the years, has expanded greatly in Des Moines and a lot of that has to do again with
thequality of the workforce. They come to work with their strong minds and also their heart, andthey do their job extremely well.
Ben Milne, Dwolla
Des Moines, as a community, has been very good to us. It has opened a lot of doors for us. Its been
very nurturing and given us a lot of education. You can do a lot in Des Moines.
Gary Douglas, Nationwide Agribusiness
You have a big city environment and a small town feel. Ive lived in Dallas, Detroit, Chicago, NewYork and traveled to a lot of larger cities. A lot of the things you get in those larger cities you can get
right here in Des Moines, without the hassles or struggles.
Susan Bunz, DuPont Pioneer
Founded in Johnston, Iowa in 1926, DuPont Pioneer is a five billion dollar company, doing business in
over ninety countries. The hub of DuPont Pioneers operations is still based in Johnston, and that saysit is a great place to do business and it is a place where DuPont clearly believes that there isopportunity for growth.
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DEMOGRAPHICS
POPULATION
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FINANCIAL SERVICESFinancial Services play a key role in the Greater Des Moines economy. With 16 percent of the regions workforce involved inthis business sector, Greater Des Moines has the highest concentration of employment in financial services in the UnitedStates.
Many prominent companies such as Wells Fargo Home Mortgage, The Principal Financial Group, Wellmark, Nationwide/Allied Insurance, Aviva USA, FBL Financial Group, EMC Insurance Companies, GuideOne Insurance, and ING USA Annuity
and Life Insurance Company are headquartered here.
The area has continued to thrive due to our favorable business climate and the investments made by our local companies.
Aviva USA built its360,000-square-footheadquarters in West Des Moinesand added 500 new jobs.
Wellmark built a500,000-square-footheadquarters in downtown DesMoines.
John Deere Financial built a new145,000-square-foot buildingaddition in Johnston.
Wells Fargo is investingin a $100 million towardsthe construction of a
260,000-square-foot buildingand a 1,400 space parking ramp.
Allied/Nationwide is adding 300new jobs to their 1.2 million-square-feet campus downtown.
Principal Financial Group isinvesting $250 million in itsdowntown campus.
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BIOSCIENCESR&D expansions at Kemin, Monsanto, and DuPont Pioneer are notable indicatorsof the growth occurring in the Greater Des Moines biosciences sector.
DuPont Pioneer is investing $50million for a new 180,000-square-
foot office space and lab building and39,000-square-foot of greenhouse.
Kemin Industries has begun a five-year$30 million expansion plan adding six
new manufacturing facilities, three newresearch facilities, and a new corporateheadquarters building in southeast DesMoines.
Eurofins Scientific relocated itsU.S. headquarters from Memphisto Des Moines in 2006 and in 2009completed a $10.8 million expansioninto a 60,000-square-foot facilitynear the airport.
The Lauridsen Group Inc. (LGI),which develops functional proteins,is investing $10 million in a
21,000-square-foot research anddevelopment building in Ankeny.
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INFORMATION TECHNOLOGYA new Microsoft Corporation data center and Silicon Sixth have led the headlines for thedevelopments occurring in the information technology business sector.
Many other software development and information technology companies, such asGCommerce, Buccaneer a General Dynamics Company, and Alliance Technologies, havefound Greater Des Moines to be a strategic and cost-effective location for their operations.
Microsoft Corporation is investing$677 million to expand its datacenter in West Des Moines.
Dice Holdings Inc., a leading provider of
specialized career websites, has builta new 45,000-square-foot operationscenter in Urbandale.
Facebook announced an investment of $300 million for their new data center.The first phase of the project will result in a 476,000-square-foot space with aprojected finish date of winter 2014-15.
Textura, a leading provider of on-demand business collaboration
software to the commercialconstruction industry has added morethan 100 jobs to its West Des Moinesoffice.
John Deere Intelligent Solutions Grouphas added more than 150 workers toits agile software development teamover the last three years.
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ADVANCED MANUFACTURINGThe manufacturing sector in Greater Des Moines is reinvesting in localoperations and growing to meet the demands of the marketplace.
John Deere Des Moines Works recentlyconstructed a 300,000-square-foot
production facility. Over the past twoyears, the company has added 500new jobs at their facility.
Bridgestone/Firestone has investedover $150 million in their Greater Des
Moines agricultural tire manufacturingoperation in the past three years andhas created a net of 260 new jobs. TheGreater Des Moines operation is theworlds largest production facility foragricultural and truck tires.
AccuMold, a micro-mold toolingand manufacturing company, hasexpanded their production facility by40,000-square-feet.
Curwood/Bemis recently announced acapital investment of $24.3 million fornew equipment in their local operation.The company is expected to add 16 jobswith this expansion.
Putco, an automotive accessories manufacturer, has builta new 126,000-square-foot. plant in unincorporated PolkCounty.
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LOGISTICSWith excellent access to Interstates 80 and 35, Greater Des Moines has beenrecognized as a prime location for logistics in warehouse and distribution facilities.Recent activity in this business sector has resulted in the construction of over onemillion square feet.
The Toro Company has contructed anew 450,000-square-foot distribution
center in Ankeny.
Interstate Battery purchased a345,000-square-foot facility inUrbandale to serve as a regionaldistribution center. The company isinvesting $10.8 million and creating215 jobs.
FedEx Ground has constructed a186,000-square-foot distribution centerin Grimes.
Capital City Fruits recentlyconstructed a 82,000-square-footwarehouse in Norwalk.
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distributor, invested $8 million in a
new 70,000-square-foot warehouse inUrbandale.
Hewlett-Packard expanded itsdistribution center in Des Moines
by investing $16.7 million in a308,000-square-foot addition andcreated 150 new jobs.
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(1,000 or more employees)
Business
Aviva USAAllied Insurance/Nationwide
Bridgestone/Firestone
Caseys General Stores, Inc.
DuPont Pioneer
Emerson Process Management- Fisher Division
Employers Mutual Casualty Company
HP Enterprise Services
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JBS Swift
John Deere & Companies
Kum & Go
Lennox Manufacturing, Inc.
Marsh
Mercy Medical Center
Meredith Corporation
Prairie Meadows Racetrack & Casino
The Principal Financial GroupTyson Fresh Meats
UnityPoint Health- Des Moines
United Parcel Service
Wellmark, Inc.
Wells Fargo & Co.
YMCA
Product or Service
Insurance
Insurance
Agricultural Tires
Convenience Store Chain
Plant Genetics
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Insurance
Global Technology Services
Grocery Stores
Pork Processing
Ag Machinery, GPS, Financial Services
Convenience Store Chain
Home Comfort Systems
Insurance
Medical Services
Publishing
Racetrack and Casino
Insurance and Financial ServicesMeat Processing
Medical Services
Freight/Distribution
Insurance
Financial Services, Home Mortgage
Health and Fitness Facilities
MAJOR NON-GOVERNMENTAL EMPLOYERS
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TRANSPORTATION
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Atlanta: 870 miles / 3 days by truck
Calgary: 1,575 miles / 3 days by truck
Chicago: 298 miles / 1 day by truck
Dallas: 680 miles / 3 days by truck
Kansas City: 185 miles / 1 day by truck
Los Angeles: 1,725 miles / 4 days by truck
Minneapolis: 241 miles / 1 day by truck
Minneapolis
Los Angeles
San Francisco
Seattle
Calgary
Toronto
Dallas
Winnipeg
New York
Atlanta
St. LouisKansas
City
Chicago
New Orleans
U.S. DISTANCE MAP TO DES MOINES, IOWA
We are located at the crossroads of Interstates 80 and 35 and part of the NAFTA Corridor, which assists in
importing and exporting of goods. Greater Des Moines allows easy access to both coasts and each border.
New Orleans: 854 miles / 3 days by truck
New York: 1,120 miles / 3 days by truck
San Francisco: 1,852 miles / 4 days by truck
Seattle: 1,773 miles / 4 days by truck
St. Louis: 333 miles / 1 day by truck
Toronto: 857 miles / 1 day by truck
Winnipeg: 697 miles / 2 days by truck
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DES MOINES INTERNATIONAL AIRPORT (DSM)
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United Airlines, US Airways
ANKENY REGIONAL AIRPORT
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Non-Stop Destination
Atlanta (ATL)Charlotte (CLT)Chicago (ORD)Chicago Midway (MDW)Dallas (DFW)Denver (DEN)
Detroit (DET)Houston (IAH)-BT7FHBT-"4
Los Angeles (LAX)Minneapolis (MSP)New York City (LGA)Newark/NYC (EWR)Orlando (SFB)Phoenix (PHX)Tampa Bay/St. Petersburg (PIE)Washington D.C. (DCA)
Number of Daily Flights
2213256
42226122222
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UTILITIES
ELECTRICITYs!RECENTSTUDYBY4HE"OYD#OMPANYNAMED$ES-OINESASTHEMOSTAFFORDABLEPLACEINTHECOUNTRYFORELECTRIC
power
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STATE OF THE ART TELECOMMUNICATIONSs-AJORlBERBACKBONEs,OCALANDLONGHAULDATACOMMUNICATIONSACCESS
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WATER$ES-OINES7ATER7ORKS$-77PROVIDESWATERTOAMAJORITYOFTHEMETROCOMMUNITIES s#APACITYOFMGD sBILLIONGALLONSINRESERVOIRSTORAGE s!VERAGEDEMANDISMGDWITHPEAKDEMANDATMGD s#URRENTLYHASTWO!QUIFER3TORAGEAND2ECOVERY!32WELLSWITHEMERGENCYDAILYCAPACITYOF MGDANDSTORAGEVOLUMEOFBILLIONGALLONS s$EVELOPINGASERIESOFWELLSBYFORADDITIONALCAPACITY
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population and industrial/commercial base.
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BUSINESS CLIMATE
Forbes, 2013#1 Best Place for
Business and Careers
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TAX ADVANTAGES
IOWA CORPORATE INCOME TAX!NUMBEROFFEATURESIN)OWASCORPORATEINCOMETAXOFFERSIGNIlCANTADVANTAGESWHENCOMPAREDTOOTHERSTATESs3INGLEFACTORNONUNITARYTAX)OWASTAXISBASEDONLYONTHEPERCENTAGEOFTOTALSALESINCOMEWITHINTHESTATE4HUSIFYOUHAVENOSALESIN)OWAYOUPAYNO)OWACORPORATEINCOMETAXs&IFTYPERCENTDEDUCTIBILITYOFFEDERALTAXESFROM)OWACORPORATEINCOMETAXs)OWACORPORATEINCOMETAXMAYBEREDUCEDORELIMINATEDBYTAXCREDITSFROMTHE.EW*OBS4AX#REDITAND(IGH1UALITY
*OBSPROGRAMs!REFUNDABLERESEARCHANDDEVELOPMENTTAXCREDITISAVAILABLEFORUPTOPERCENTOFTHECOMPANYSALLOTTEDSHAREOFQUALIFYINGRESEARCHEXPENDITURESWITHINTHESTATE
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TAX INCENTIVESHigh Quality Jobs Program
s$ESIGNEDTOPROMOTETHECREATIONOFQUALITYJOBSBYASSISTINGBUSINESSESLOCATINGEXPANDINGORMODERNIZINGTHEIR FACILITIESIN)OWATHROUGHAPACKAGEOFTAXCREDITSEXEMPTIONSANDORREFUNDSTOAPPROVEDBUSINESSESEnterprise Zones
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Local Financial Assistance
s)NCENTIVESAREOFFEREDBYMANYOFTHEREGIONSCOMMUNITIES4HESEINCENTIVESRANGEFROMDIRECTCASHPROGRAMSTO FORGIVENESSOFPROPERTYTAXES
FINANCIAL ASSISTANCEIowa Direct Financial Assistance
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ADVANTAGESRail Revolving Loan and Grant Program (RRLGP)
3EEKSIMPROVEDRAILFACILITIESTOSPURECONOMICDEVELOPMENTANDJOBGROWTHANDPROVIDEASSISTANCETORAILROADSFORTHEPRESERVATIONANDIMPROVEMENTOFTHESYSTEM"OTHGRANTSANDAWARDSAREAVAILABLE
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StartupCity ISATECHINCUBATORIN#ENTRAL)OWAFORTHESERIOUSTECHSTARTUPWHEREENTREPRENEURSARESELECTEDTHROUGHANAPPLICATIONANDINTERVIEWPROCESSAfter being accepted, entrepreneurs are then placed with mentors who help them get in
touch with the right professionals at the right time, and help them build their business to
THEPOINTOFSUSTAINEDREVENUECUSTOMERSANDAPLANFORTHEFUTUREVisit www.startupcitydsm.com
&ROMHELPWITHAFULLBLOWNBUSINESSPLANTOSIMPLYDIRECTINGANENTREPRENEURTOTHEAPPROPRIATEATTORNEYORlNANCIALCONTACTTHE Business innovation Zone "):OFFERSABROADRANGEOFSERVICESDESIGNEDTOMAXIMIZEPOTENTIALFORSUCCESS6ISITWWWBIZCIORG
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Visit www.plainsangels.com
Sourcelink PROVIDESINFORMATIONTOCONNECTEMERGINGENTREPRENEURSANDSMALLBUSINESSESWITHRESOURCESTOlTYOURORGANIZATIONSGROWTHANDDEVELOPMENTNEEDS0OWEREDBYTHE'REATER$ES-OINES0ARTNERSHIPALONGWITHOTHERREGIONALBUSINESSESAND
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Entrepreneurial Assistance
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Demonstration Fund
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Entrepreneurs with Disabilities (EWD)
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ENTREPRENEURIAL ASSISTANCE
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WORKFORCE
LABOR MARKET
s'REATER$ES-OINESPOPULATIONESTIMATEISs#ENTRAL)OWAPOPULATIONISPROJECTEDTOINYEARSsSTUDENTSINCOLLEGESANDUNIVERSITIESs3IZABLEWORKFORCEWITHINATOMINUTECOMMUTE
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ADVANTAGESs7AGERATESARELOWERTHANNATIONALAVERAGEs)OWAISARIGHTTOWORKSTATEs%XCELLENTVOCATIONALANDTECHNICALSKILLSTRAININGPROGRAMSAVAILABLEATAREACOMMUNITYCOLLEGESANDAREAHIGHSCHOOLSs%DUCATIONALINSTITUTIONSWORKCLOSELYWITHEMPLOYERSTOTAILORRESPONSIVETRAININGPROGRAMSs3TANDARD5NEMPLOYMENT)NSURANCE4AXRATEFORNEWEMPLOYERSISPERCENTAPPLIEDTOMAXIMUMTAXABLEEARNINGSOF
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states.
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Colleges and Universities Students
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Iowa College Student Aid Commission and Registrars
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WORKFORCE TRAINING)OWASWORKFORCETRAININGPROGRAMSHAVEEVOLVEDFROMABUSINESSEXPANSIONINCENTIVETOOLINTOACOMPREHENSIVETARGETEDHUMANRESOURCETOOLAVAILABLETOALLbusinesses.
"YLEVERAGINGTRAININGRESOURCESlLLINGFUNDINGGAPSINHUMANRESOURCEDEVELOPMENTINITIATIVESANDSPONSORINGBUSINESSCONSORTIATHATADDRESSCOMMONEMPLOYMENTTRAININGNEEDSTHESKILLSOF)OWASWORKERSAREENHANCEDALLOWINGITS
industries to grow.
Valuable Program Services
)OWA.EW*OBS4RAINING0ROGRAMPROVIDESAVARIETYOFVALUABLESERVICESs"ASICADULTEDUCATIONs*OBRELATEDINSTRUCTIONs3KILLASSESSMENTs4RAININGEQUIPMENTMATERIALSANDSUPPLIESs4RAININGSERVICESOFACOMMUNITYCOLLEGEORANOTHEREDUCATIONALINSTITUTIONs4ESTINGANDEVALUATIONOFEMPLOYEESs#USTOMIZEDORGENERALINSTRUCTIONATATRAININGFACILITYSELECTEDBYTHEEMPLOYER
s2EIMBURSEMENTOFTRAININGTRAVELCOSTSFOREMPLOYEESs#OLLEGETUITIONBOOKSANDFEESs4RAININGSERVICESOFAPRIVATETRAINER
Enhancing the Skills of Iowas Existing Workforce
4HE)OWA*OBS4RAINING0ROGRAM&INVESTSINCUSTOMIZEDTRAININGFOREXISTINGEMPLOYERS%ACHOF)OWASCOMMUNITYCOLLEGESAIDSBUSINESSESWITHFUNDING4HEMAXIMUMAWARDISFOREACHPROJECTPROVIDEDTHECOMPANYOFFERSAMINIMUMPERCENTCASHMATCH!BUSINESSSITEMAYBEAPPROVEDFORMULTIPLEPROJECTSWITHMAXIMUMFUNDINGOVERTHREEYEARSNOTTOEXCEEDPERSITE"USINESSCONSORTIUMSMAYALSOAPPLY4HETRAININGSERVICESPROVIDEDMAYINCLUDEs3KILLSASSESSMENTs!DULTBASICEDUCATIONs*OBRELATEDCOUNSELINGs#OSTOFTRAININGSERVICESFORCOMPANYCOLLEGEORCONTRACTEDTRAINERs4RAININGRELATEDMATERIALSEQUIPMENTSOFTWAREANDSUPPLIESs2ENTALOFTRAININGFACILITIESTRAININGRELATEDTRAVELANDMEALS#ONTRACTEDORPROFESSIONALSERVICESCHOICEINTALENT
Financial Assistance
.EWLYCREATEDJOBSQUALIFYFORJOBTRAININGASSISTANCEUNDERTHE%JOBTRAININGPROGRAM$EPENDINGONWAGESTHEBENElTCOULDAMOUNTUPTOPERJOB4HISPROGRAMALSOALLOWSACORPORATEINCOMETAXCREDITOFPERNEWJOBCREATEDIF)OWAEMPLOYMENTISINCREASEDBYATLEASTPERCENT)OWA%CONOMIC$EVELOPMENT!UTHORITYPOTENTIALINCENTIVESINCLUDEs)NCREASEDRESEARCHACTIVITIESTAXCREDITs)NVESTMENTTAXCREDITs3ALESTAXREFUNDONCONSTRUCTIONMATERIALSs$IRECTlNANCIALASSISTANCE
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WORKFORCE ASSISTANCEJobs/Resume Database
4HE0ARTNERSHIPSWEBSITEHOSTSHUNDREDSOFJOBOPENINGSANDRESUMESANDHASFOUNDNUMEROUSWAYSTOCONNECTWITHTHEworkforce, employed, unemployed, and underemployed to ensure we are meeting the needs of our community.
Career Fairs
%ACHYEARTHE0ARTNERSHIPSTAFFTRAVELSTHEREGIONTOATTENDCOLLEGECAREERFAIRSTOEDUCATESTUDENTSANDSOONTOBEGRADUATESONTHE'REATER$ES-OINESAREAANDOPPORTUNITIESTOJOINOURWORKFORCE
Diversity4HE0ARTNERSHIPS$IVERSITY#OMMITTEEIMPLEMENTSINITIATIVESDESIGNEDTOPROMOTEDIVERSITYANDINCLUSIONINTHEWORKPLACEANDINOURCOMMUNITYTHROUGHEDUCATIONALSEMINARSTODIVERSITYFOCUSEDPUBLICATIONSSPECIALEVENTSANDOTHERACTIVITIESConnect2Business#"/NEOFOURMOSTRECENTCOLLABORATIONSINCONNECTINGALLYOUTHANDADULTSINOURREGION#"PROVIDESLIFETIMEACCESSTOACAREERPORTFOLIOANDSERVICES4HENEWPROGRAMCANASSISTSTUDENTSWITHREVIEWINGOPTIONSAFTERHIGHSCHOOLlNANCIALAIDANDCONNECTIONSFORPOTENTIALJOBSHADOWINGINTERNSHIPSANDEMPLOYMENT&ORADULTS#"CANHELPWITHRECENTLAYOFFSANDJOBchanges.
Young Professionals Connection
4HE9OUNG0ROFESSIONALS#ONNECTION90#WASCREATEDTOENGAGETHEGROWINGNUMBEROFYOUNGPROFESSIONALSINOURREGION4HEGROUPISCOMMITTEDTOMAKINGOURREGIONABETTERPLACETOLIVEWORKANDPLAY
Welcome to Des Moines Receptions4HE0ARTNERSHIPHOSTSQUARTERLYEVENTSAROUNDTHEREGIONTOINTRODUCENEWRESIDENTSTOTHEAREARelocation
4OASSISTTHEPROCESSOFRELOCATIONANDTRANSITIONTHE0ARTNERSHIPOFFERSCUSTOMSERVICESFROMRELOCATIONPACKETSTOEXECUTIVETOURS2ELOCATIONCANBECHALLENGINGFORANEWEMPLOYEEANDFAMILYMEMBERSANDTHE0ARTNERSHIPTRIESTOMAKETHETRANSITIONas easy as possible.
Do More in the City%ACHSUMMER'REATER$ES-OINESWELCOMESHUNDREDSOFINTERNSATAVARIETYOFCOMPANIESANDBUSINESSES4HESUMMERSERIESOFNETWORKINGEVENTSISDESIGNEDTOINTRODUCEYOUNGPROFESSIONALSTOBUSINESSANDcommunity leaders, fellow young professionals, and interns while
ENJOYINGLOCALATTRACTIONSANDLEARNINGABOUTFUTUREJOBOPPORTUNITIES
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