Celebrating Regional Economic Impact at Des Moines Summit
Connecting Business and Community in Des Moines
The Greater Des Moines Partnership is set to honor six exceptional companies in a significant showcase of economic impact during the upcoming Regional Summit. These accolades highlight the positive contributions to the area's economy, particularly through capital investment, job creation, and innovative practices.
Acknowledging Excellence: The Economic Impact Award Winners
This year's Economic Impact Awards spotlight notable organizations recognized for their impactful work. Each of the following companies has made notable contributions to the local economy and community development:
Coviance – Jennings Kallen Advisors Entrepreneurial Award
Coviance has been a significant player in the Des Moines area since its establishment in 2015, employing 75 team members and significantly contributing to the local economy. The company specializes in home equity lending, streamlining the process through its proprietary Collateral Decisioning Engine™, which utilizes data to efficiently drive decisions. Coviance's innovative approach has earned it accolades like Inc. Power Partner 2023 and a place on the Inc. 5000 list, demonstrating its sustained growth and commitment to the region.
Excell Brands
With over 45 years of experience, Excell Brands has expanded its reach nationally from its base in Des Moines, catering to more than 40 retailers across 45,000 store fronts. A recent expansion has not only increased their shipping capacity but also generated 50 new jobs, bringing their workforce to nearly 300. The company's vast array of products, from trading cards to collectibles, reflects its dedication to growth within the Greater Des Moines community.
ITA Group
ITA Group, a 100% employee-owned agency, has recently completed an expansion of its headquarters, nearly doubling its capacity. The state-of-the-art facility now includes amenities such as on-site daycare and green spaces, enhancing the work environment for its more than 500 local employee-owners. This significant investment not only fosters innovation but also attracts numerous global teams to Des Moines annually, further elevating the region's economic stature.
MidAmerican Energy Company
As a leader in the energy sector, MidAmerican Energy serves over 1.6 million customers across the Midwest, boasting one of the highest reliability rates in the nation. The GreenAdvantage® program demonstrates the company's commitment to sustainability by delivering carbon-free energy to its Iowa customers. With competitive electric rates and a focus on economic development, MidAmerican plays a crucial role in supporting the growth of the Greater Des Moines area.
Musco Lighting – Strategic Headquarters Investment Award
Musco Lighting, a prominent name in sports and infrastructure illumination, has made significant investments in its operations, including a substantial renovation of its headquarters. With over 1,400 Iowa-based employees, Musco's expansion reflects its dedication to innovation and community-building, further solidifying its status as a leader in the industry.
Osmundson Mfg. Co.
Having been part of Iowa's manufacturing landscape for over 120 years, Osmundson Manufacturing thrives on innovation and precision. They are planning robust expansion efforts supported by local government programs, enhancing job opportunities and addressing the changing needs of the agricultural sector. The company remains a vital force in creating skilled manufacturing jobs throughout the Midwest.
Continuing the Tradition of Excellence
In its 43rd year, the Economic Impact Awards celebrate those companies driving significant investment in the Greater Des Moines region while fostering economic growth through quality job creation. These awards are integral to the Regional Summit, which brings together regional business and civic leaders to engage in discussions about future growth strategies. Their commitment to collaboration paves the way for sustained development and prosperity.
About Greater Des Moines Partnership
The Greater Des Moines Partnership is an essential organization dedicated to economic and community development across 12 counties in Iowa. By collaborating with over 400 investors and a network of regional businesses, this partnership is focused on driving progress, enhancing quality of life, and promoting Des Moines as an exceptional location for business and talent development. Their ongoing mission is to foster innovation and create opportunities for a vibrant future.
Frequently Asked Questions
What are the Economic Impact Awards?
The Economic Impact Awards celebrate companies that significantly contribute to the regional economy through investments and job creation.
Who were the winners of this year’s Economic Impact Awards?
This year’s winners include Coviance, Excell Brands, ITA Group, MidAmerican Energy Company, Musco Lighting, and Osmundson Mfg. Co.
What is the purpose of the Regional Summit?
The Regional Summit aims to bring together business and civic leaders to discuss growth priorities and opportunities for long-term economic development.
How does the Greater Des Moines Partnership contribute to the community?
It drives economic growth, talent development, and community enhancement through collaborative initiatives aimed at improving quality of life in the region.
How can companies participate in the Economic Impact Awards?
Companies can engage in the awards program by making notable contributions to the local economy and applying or being nominated for recognition.
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