Omaha Public Radio News
Wed September 3, 2008
Iowa economic indicators mixed, according to new report
By Katie Knapp
Omaha, NE – A new report shows Iowa's economy is reflecting some of the troubles at the national level.
The Iowa Business Council's third quarter economic indicators show sales and capital spending are down. But Executive Director Elliott Smith says employment indicators are up. The report shows 90 percent of the Business Council's members plan to maintain the size of their current workforce or add jobs in the next six months.
Smith says it's too soon to know the full economic impact of this summer's floods. He says no one anticipated the floods and the subsequent damage to roads, bridges and other infrastructure. He says Iowa businesses are resilient and some are already beginning to rebuild.
Smith says Iowa faces a challenge in finding the funding to repair infrastructure damaged by floods. But he says that infrastructure is important to Iowa businesses.