The Clinton Herald, Clinton, Iowa

National News

September 20, 2013

Des Moines company seeks state funds to relocate

DES MOINES, Iowa — A company that provides warehouses, freight management, and transportation services is seeking help from the state to move its corporate headquarters from Des Moines to a suburb on the city’s west edge, state economic development documents show.

Jacobson Companies is seeking a $250,000 loan from the state, and documents indicate the city of Clive is willing to provide $60,000. The project cost is estimated at $2.3 million, which includes rent for three years and money to buy computer hardware, software, furniture and fixtures.

The Iowa Economic Development Authority will consider the company’s application for state funds along with several other economic development projects Friday.

The company wants to move in the fourth quarter of this year “to gain better access for employees and customers,” IEDA documents indicate.

It can be a delicate issue when a company wants to relocate from one city to another and seeks state assistance for the move.

Sen. Matt McCoy, a Des Moines Democrat, generally opposes the state providing money to a company to move within the same county or a bordering county. However, he understands business needs sometimes dictate relocation.

“For example, the current space is inadequate or costly to rehabilitate or maintain,” he said.

Often economic development officials must consider whether the company could leave the region or the state completely.

The company also is considering Chicago locations, documents said.

Jacobson plans to keep its transportation facility in Des Moines and is looking for a new location for its corporate headquarters, said IEDA Director Debi Durham.

The IEDA works to make sure any differences are worked out in the case of a company moving operations from one city to another, she said.

In this case, the Greater Des Moines Partnership, which coordinates economic development around the Des Moines area, worked with the cities of Des Moines and Clive to iron out differences.

A spokeswoman for the city of Des Moines did not immediately return messages.

Jacobson was founded in Des Moines in a 96,000-square-foot warehouse in 1968. It now manages 32 million square feet of warehouse space in 26 states. It provides a variety of services to food, beverage, electronics, hardware, tools and toy industries, among others.

1
Text Only
National News
  • State Dept: 'No American is proud' of tactics

    The State Department has endorsed the broad conclusions of a harshly critical Senate report on the CIA’s interrogation and detention practices after the 9/11 attacks, a report that accuses the agency of brutally treating terror suspects and misleading Congress, according to a White House document.

    July 31, 2014

  • Rodden, Danny.jpg Indiana sheriff accused of lying about relationship with prostitute

    The sheriff of Clark County, Ind., faces an eight-count federal indictment that accuses him of lying about paying a prostitute for a sex act and giving her a badge so that she could claim a discount rate at a hotel.

    July 30, 2014 1 Photo

  • 20140727-AMX-GUNS271.jpg Beretta, other gun makers heading to friendlier states

    In moving south and taking 160 jobs with it, Beretta joins several other prominent gunmakers abandoning liberal states that passed tough gun laws after the Newtown shooting.

    July 29, 2014 1 Photo

  • Fast food comes to standstill in China

    The shortage of meat is the result of China's latest food scandal, in which a Shanghai supplier allegedly tackled the problem of expired meat by putting it in new packaging and shipping it to fast-food restaurants around the country

    July 29, 2014

  • Medicare hospital fund to last 4 years longer

    Medicare's finances are looking brighter, the government said Monday. The program's giant hospital trust fund won't be exhausted until 2030 — four years later than last year's estimate.

    July 28, 2014

  • After 6 weeks, finally a deal on VA health care

    After more than six weeks of sometimes testy talks, House and Senate negotiators have agreed on a compromise plan to fix a veterans health program scandalized by long patient wait times and falsified records covering up delays.

    July 28, 2014

  • Brother sues W.Va. senator over business loan

    U.S. Sen. Joe Manchin III faces a $1.7 million civil suit filed by a brother over a lifeline to save a family carpet business.

    July 25, 2014

  • Official: Hospital gunman intended to kill others

    A psychiatric patient ranted about a hospital gun ban before opening fire at the suburban medical complex, killing his caseworker and grazing his psychiatrist before the doctor pulled out his own weapon and fired back, authorities said Friday.

    July 25, 2014

  • 10 things to know for today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:

     

    July 25, 2014

  • Illinois woman, 47, dies rescuing boy in Wisc. lake ARLINGTON HEIGHTS, Ill. (AP) — Friends and family are mourning the death of an Illinois woman who drowned while rescuing a 9-year-old boy in a Wisconsin lake.The (Arlington Heights) Daily Herald reports 47-year-old Karen Wessel of Arlington Heights d

    July 25, 2014

AP Video
Facebook