The Greater Cedar Valley Alliance & Chamber will host members of the Iowa Economic Development Authority International Trade Offices (IEDA) for a familiarization tour on Dec. 8.
The purpose of the IEDA Foreign Trade Team tour is to become acquainted with actively exporting manufacturers in the Cedar Valley region. IEDA International Foreign Offices including China, Japan, Germany, Mexico, and Taiwan, assist Iowa companies with global market research, trade missions and trade shows. The tours of the Cedar Valley will focus on IEDA’s efforts to enhance export competitiveness in the Asia Pacific markets, and to create more jobs in Iowa.
“More than 95 percent of the world’s consumers live outside of the U.S., accounting for 70 percent of the world’s purchasing power,” Debi Durham, director of the IEDA, stated in a press release. “Exporting is important to Iowa’s economy because it results in new jobs right here in our state.”
The day will include a tour of the TechWorks campus in Waterloo with a demonstration of the 3D sandcast printer located in University of Northern Iowa Metal Casting Center Additive Manufacturing Lab, and tours of United Equipment Accessories and CPM Roskamp.
The Alliance & Chamber will host an Asia Executive Briefing & Market Overview at the Isle Casino Hotel Waterloo from 3-4:30 p.m. Dec. 8. Companies already exporting to Asia are encouraged to attend for the latest market briefing.
For more information about the IEDA International Trade Office familiarization tour of the Cedar Valley, contact Lisa Skubal, Vice President of Economic Development, Alliance & Chamber, firstname.lastname@example.org. Register for the Asia Executive Briefing & Market Overview through the Alliance & Chamber website’s event calendar at www.cedarvalleyalliance.com.
Rockwell Collins this week announced that Aeromexico is the launch customer for its ARINC MultiLink service, following the successful completion of recent trials.
The service, announced earlier this year, offers a comprehensive and cost-effective global flight tracking solution.
“We fly a number of routes that are outside U.S. Aircraft Situational Display to Industry (ASDI) radar,” said Benjamín Hernández, director, Corporativo Desarrollo Tecnológico at Aeromexico, in a press release. “ARINC MultiLink brings together multiple data sources, allowing us to fine-tune the information we receive to reliably report the location of our fleet of aircraft globally.”
ARINC MultiLink is designed to support flexible position reporting frequency, enabling it to provide position reports at least every 15 minutes for flight operations in oceanic and other remote areas. Airlines can also receive notifications when an aircraft has unexpectedly stopped reporting positional data or when the aircraft has deviated from its expected path.
Iowa soybean and corn growers knew they had a good crop on their hands, reported the Waterloo-Cedar Falls Courier. Now, it’s official: The soybean crop has set a record, and corn may not be far off a new standard. According to last week’s U.S. Department of Agriculture Crop Production Report, this year’s soybean crop will eclipse the previous record set in 2005 by nearly 25 million bushels. Soybean yields statewide are estimated at 56 bushels per acre, up 3 bushels from October. The report pegged U.S. soybean production at an all-time high of nearly 4 billion bushels. Also last week, the USDA said corn production is forecast at 13.7 billion bushels, up less than 1 percent from the October forecast, but down 4 percent from last year’s record production.
IEDA assists EFCO, Men’s Style Lab
BY BUSINESS RECORD STAFF | @BusinessRecord
The Iowa Economic Development Authority board on Friday approved nearly $12 million in aid to Iowa businesses Friday, including the expanding concrete form company EFCO Corp. and Men’s Style Lab Inc., both of Des Moines.
A few highlights:
- EFCO plans a 154,000-square-foot facility and added production, an $11 million project that will get state tax benefits. The company will add 40 jobs and retain 88, with wages of at least $26.72 per hour.
- Urbandale software company Fastpath plans to double its workforce in a $175,000 expansion. The project will create 12 jobs at $26.72 per hour. The state approved tax benefits.
- Ames-based Parametric Studio, Inc., whose software caters to STEM-oriented educational games involving virtual aircraft flying, received a $100,000 royalty agreement to hire staff and refine and market the project.
- Des Moines-based Men’s Style Lab, an online clothes styling and shopping subscription service, got a $300,000 loan.
Read More at http://www.BusinessRecord.com
Workiva, OutcomesMTM make Deloitte Fast500 list
Two Central Iowa companies, Ames-based software firm Workiva and West Des Moines biotech company OutcomesMTM, were ranked on the Deloitte Fast500 list
of North America’s 500 fastest-growing companies in technology, media, telecommunications, life sciences and energy technology. Workiva, which sells a cloud-based productivity platform, ranked 129th. OutcomesMTM, which provides medical therapy management programs, ranked 363rd. Workiva reported revenue growth of more than 658 percent from 2011 to 2014, the period Deloitte measured.
Merck to buy Ames-based Harrisvaccines
Merck & Co. Inc.’s animal health unit will buy Ames-based privately held Harrisvaccines Inc. to expand its portfolio of animal vaccines as the U.S. livestock industry seeks new defenses against diseases, Reuters reported.
The companies did not report the terms of the sale, which is expected to close by the end of the year. Harrisvaccines gained fame for developing a vaccine to fight porcine epidemic diarrhea virus. In October, the firm signed a contract with the U.S. Department of Agriculture to supply avian influenza vaccine for poultry. The USDA is preparing for another potential outbreak of the virus later this year.