The Clinton Herald, Clinton, Iowa

AP story section

November 13, 2013

Cedar Falls firm says it's adding 400 to payroll

CEDAR FALLS — A Cedar Falls debt collection company announced Tuesday it intends to hire up to 400 people in the next 18 months as part of a major expansion.

The Waterloo-Cedar Falls Courier reports CBE Group said the hiring is necessitated by significant growth and a new, multiyear contract that is related to the health care industry.

The company now employs about 750 people in the Cedar Valley. It also operates an office in Overland Park, Kan., and recently opened an office in the Philippines.

CBE states on its website that it has 80 years of experience in the debt collection industry, opting for a “Golden Rule” approach of treating others as you would want to be treated.

About half of the jobs are expected to be filled by March, and the remainder within 12 to 18 months.

“It will be local. These will be Cedar Valley jobs,” said Tom Penaluna, CEO and chairman at CBE Group.

The company will start that hiring effort with a daylong job fair next week at the company’s corporate headquarters in Cedar Falls.

CBE also is looking for additional office space in the area.

The expansion is the company’s largest since 2004, when CBE added 400 jobs and built a $4.6 million facility in Waterloo.

“We have experienced steady growth over the last few years, but this equals the sudden growth we saw back in 2004 with the U.S. Department of Education contract,” Penaluna said. “In fact, we expect this growth spurt to have an even greater impact on the Cedar Valley.”

Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber, estimated the new hiring would spur more than 200 jobs in other businesses and have an economic impact of about $18 million.

Dust was hopeful the expansion could prompt other companies to also expand in the area.

“There’s no telling what could build from this,” he said.

1
Text Only
AP story section
  • State to reopen Juvenile Home DES MOINES -- A district court judge on Wednesday ordered the state to reopen the Iowa Juvenile Home, telling Gov. Terry Branstad he cannot unilaterally change a law approved by the state Legislature. Judge Scott Rosenberg said the home in Toledo was

    February 6, 2014

  • Panel OKs ban on remote abortion pill distribution DES MOINES -- A legislative panel approved a measure Wednesday that would ban the remote distribution of abortion pills, a proposal the bill's sponsor said is intended to delay the procedure and give women more time to change their minds. The subcomm

    February 6, 2014

  • Sioux City gambling group halts local grants SIOUX CITY -- The nonprofit that holds the gambling license for the Argosy Sioux City riverboat casino has voted to temporarily stop sending grants to local charities and government agencies. A legal dispute with the operator of the casino, Penn Nati

    January 15, 2014

  • Davenport pays, apologizes to hearing impaired man DAVENPORT (AP) -- The city of Davenport has issued an unusual apology to a former alderman after a police employee was caught on tape saying that he intentionally knocked softly on the hearing-impaired man's door when responding to a service call. Th

    January 15, 2014

  • Budget Branstad presents budget for next fiscal year DES MOINES -- Gov. Terry Branstad offered a budget proposal Tuesday that includes a tax break for veterans, a tuition freeze for college students and incentives to encourage Internet expansion in rural Iowa, a more modest list of priorities one year

    January 15, 2014 1 Photo

  • Gov. restores more felons' voting rights IOWA CITY (AP) -- Gov. Terry Branstad restored voting rights to more felons in 2013 than the prior two years combined, but thousands of others remain disenfranchised under a 2011 policy change. Data released by the governor's office to The Associated

    January 15, 2014

  • Man fatally shot at Fla. theater over texting WESLEY CHAPEL, Fla. (AP) -- A 71-year-old retired police officer accused of shooting a man dead in a Florida movie theater told authorities that "he was in fear of being attacked" during Monday's confrontation. Curtis Reeves is charged with second-de

    January 15, 2014

  • Iowa Senator: Congress must confirm election board DES MOINES -- An Iowa senator asked a U.S. Senate committee Wednesday to confirm appointees to a federal election commission so a decision can be made about whether Iowa Secretary of State Matt Schultz is properly using money for voter-fraud investig

    January 9, 2014

  • School Discipline Gov't: End overly zealous discipline in schools WASHINGTON, D.C. -- The Obama administration is urging schools to abandon overly zealous discipline policies that civil rights advocates have long said lead to a school-to-prison pipeline that discriminates against minority students. The wide-ranging

    January 9, 2014 1 Photo

  • Governor, lawmakers set modest goals for 2014 DES MOINES -- After reaching bipartisan agreements on several major policy initiatives last year, Gov. Terry Branstad said Wednesday that he is setting more modest expectations for the 2014 legislative session. Speaking at The Associated Press' annua

    January 9, 2014

AP Video
Facebook
National News