Ensuring advancement in technology innovation is a critical component to continuing Iowa’s leadership in our global economy. This is why our team at the Iowa Economic Development Authority (IEDA) is so passionate in our work to assist the state’s innovators and tech leaders. Governor Terry Branstad and Lieutenant Governor Kim Reynolds also have a passion for further developing the state in the areas of science, technology, engineering and math (STEM) through the Governor’s STEM Advisory Council. This group of individuals consists of business, policy and education leaders working to better position Iowa and its students in STEM education, with hopes of advancing the state’s future leaders and innovators.
In partnership with the Iowa Innovation Corporation, IEDA is proud the sponsor the Prometheus Awards and would like to wish all of the nominees the best of luck. IEDA is especially proud to recognize the numerous companies nominated that we have worked with and have awarded assistance to through our various programs. These companies include:
On Monday, April 6, Governor Terry Branstad and Lieutenant Governor Kim Reynolds announced that they are leading two upcoming trade missions. The Governor will be leading a trade mission to South Korea in September and the Lieutenant Governor will be leading a trade mission to Brazil at the end of this month. The Iowa Economic Development Authority (IEDA) will be facilitating both trade missions.
Exporting is a vital component of Iowa’s economy. Brazil is Iowa’s fifth-largest trade partner and South Korea is Iowa’s ninth-largest export destination. With over 95 percent of the world’s population and 80 percent of the world’s purchasing power outside of the U.S. – these missions will not only accelerate the growth of Iowa’s exports to these vital markets, but they also grow business and job opportunities in this state.
Currently, more than one in five Iowa jobs depend on international trade. Foreign-owned companies employ over 51,000 Iowans and over 448,000 jobs in Iowa are supported by trade. Not to mention Iowa’s success in 2014 with a record year in exports of manufactured and value-added goods valued at over $15.1 billion dollars. In fact, Iowa’s exports have increased by nearly 39 percent from 2011 to 2014!
“These trade missions will help build on Iowa’s success in exporting to Brazil and South Korea and will continue to strengthen our partnership with these countries,” said Lt. Governor Reynolds. “With a record-breaking $15.1 billion in exports last year, Iowa is truly prospering from international trade. It is important that we continue this positive momentum.”
Though company recruitment for the Brazil mission has concluded, Iowa companies interested in participating in the S. Korea mission, September 7-13, can indicate their interest by contacting Ms. Kanan Kappelman at firstname.lastname@example.org.
In addition to helping coordinate trade missions, the IEDA also offers educational seminars. Interested in learning how to export/import? IEDA is co-hosting the following international training opportunities:
Import Compliance – May 19, 2015
How to File and Electronic Export Information (EEI) Using AESPcLink – May 20, 2015
On May 26-28, downtown Des Moines will be overrun with insurance execs, international risk management experts and state regulation commissioners, which is pretty usual since Iowa is one of the country’s leading insurance hubs. But in this case, the larger numbers will be due to the second Global Insurance Symposium.
More than 350 people are expected to attend the two-day session comprised of CEO panel discussions and presentations on hot topics like cybersecurity, big data and product innovations. Register today to attend and be part of theses invaluable, high-level discussions.
Thomas Sullivan, an associate director with the Federal Reserve, Board of Governors, leads the organization on supervisory and regulatory matters presented by insurance firms. Mr. Sullivan will present the view from the Federal Reserve on domestic and international standards, which are emerging and evolving. The Fed supervises over a third of the U.S. insurance market (in assets) as consolidated regulator.
Daud Vicary Abdullah, president and chief executive officer, The Global University of Islamic Finance, has more than 40 years in finance and consulting with a subject matter expertise in Islamic Finance.
The Symposium will also feature presentations from six companies participating in the first-ever Global Insurance Acceleratorprogram. The globally-represented first class of companies have spent the last 100 days networking with Iowa’s insurance leaders and building their companies from a home base in Des Moines. For more information, click here.