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.

Text Only
AP story section
  • Iraq violence threatens OPEC's precarious balance NEW YORK (AP) -- The oil market has balanced out quite nicely for OPEC in recent years. Now, upheaval in Iraq shows that balance may be more precarious than it has seemed. Dramatic changes in oil production around the globe have offset each other ins

    June 13, 2014

  • Board of Trade Grain mixed, livestock mostly higher CHICAGO (AP) -- Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for July delivery was 1 cent higher at $5.9025 a bushel; July corn was 1.25 cents lower at $4.4075 a bushel; July oats were unchanged at $3.4625 a

    June 13, 2014

  • Health campaign among nation's costliest CHICAGO -- President Barack Obama's home state agreed to spend $33 million in federal money promoting his health care law, hiring a high-priced public relations firm for work that initially was mocked and spending far more per enrollee on television

    June 13, 2014

  • Some states roll back teacher tenure protections WASHINGTON (AP) -- Even before a judge's scathing ruling against California's teacher tenure policies, the once-sacred protections that make it harder to fire teachers already had been weakened in many states -- and even removed altogether in some pl

    June 13, 2014

  • Tigers' Scherzer outduels Sale CHICAGO -- Max Scherzer already has a Cy Young Award. Now he has a complete game. Scherzer tossed a three-hitter in his 179th career start for his first complete game and Victor Martinez hit his 16th homer to lead the Detroit Tigers to a 4-0 win over

    June 13, 2014

  • $40M casino for rural Iowa approved BURLINGTON (AP) -- The Iowa Racing and Gaming Commission has voted 3-2 to grant a license for a $40 million casino development that would be located in rural central Iowa. Supporters of the Jefferson casino burst into applause during a meeting in Bur

    June 13, 2014

  • Principal case leads to two hearings RED OAK -- Two hearings are planned related to a southwest Iowa school district's plan to fire a high school principal. The Council Bluffs Daily Nonpareil reported the effort to fire Red Oak High School Principal Jedd Sherman will be the subject of a

    June 13, 2014

  • U.S. split outgrows voting booth WASHINGTON (AP) -- Political polarization in America has broken out of the voting booth. A new survey from the Pew Research Center finds Americans are divided by ideology and partisanship not only when they cast ballots, but also in choosing where to

    June 13, 2014

  • Cubs' offense no help for Samardzija PITTSBURGH -- Jeff Samardzija has some advice his pitching brethren when it comes to facing streaking Andrew McCutchen. Don't. The way the Chicago Cubs' ace looks at it, trying to get the Pittsburgh Pirates' star out at the moment only opens yourself

    June 13, 2014

  • 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

AP Video
National News