Ankeny, IA Business

Sale of the Iowa Cubs announced

DES MOINES, Iowa — Minor league baseball is getting a shake-up and the Iowa Cubs are part of the mix. According to a news release from California-based sports, entertainment, and marketing company Endeavor, the company will purchase the Iowa Cubs from a local ownership group led by Michael Gartner. Gartner is the former president of […]
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Des Moines Business Record

5-story, mixed-use building with luxury condos planned on vacant ground in West Des Moines; Albaugh behind the project

A five-story, mixed-use building is planned on about 3 acres located on the northwest corner of South 60th Street and Stagecoach Drive in West Des Moines. The project, called Jordan Creek Tower, is expected to include office, retail, a restaurant and luxury condominiums. Architectural rendering by Simonson & Associates. A...
Picture for 5-story, mixed-use building with luxury condos planned on vacant ground in West Des Moines; Albaugh behind the project

The Largest Company in Iowa is Worth $16 Billion

If you had to guess the biggest company in Iowa, there are several companies that many of you would probably guess. Maybe one of the two large grocery store chains, Hy-Vee or Fareway. Or how about Casey's. It seems as if they have a new location that opens somewhere in Iowa every week! Those would all be fine guesses and are definitely large Iowa-based companies. But all, are wrong. Iowa's largest business is also one of its oldest.
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Casey’s Has Some Supply Chain Issues, All-Time Gross Profit in 2nd Quarter

(Ankeny, IA) — Ankeny-based Casey’s convenience stores report continued recovery from the pandemic slowdown despite some continuing challenges. Casey’s president Darren Rebelez said today (Wednesday) that total gross profit of 718-million dollars was an all-time high for the second quarter. Shares were down from the previous year, but Rebelez said they were still impressive in the wake of an extremely challenging retail environment. Supply chain issues were one of the biggest challenges and they were out of donuts, chicken and fountain beverage cups during parts of the quarter. He says Casey’s had increased guest counts and positive same-store fuel volumes. Some of the increases were offset by higher operating expenses, higher wage rates, and credit card fees, along with the addition of 161 additional stores.

Des Moines-based company fined for making deceptive claims about COVID-19 cleaning process, Iowa AG says

DES MOINES, Iowa – A Des Moines-based custodial and janitorial company will have to pay a hefty penalty for what the Iowa Attorney General’s Office says is a violation of the Consumer Fraud Act. According to the Iowa AG’s Office, Heritage Building Maintenance claimed the antimicrobial cleaning process they were licensed to use from Science-Proven […]
Des Moines Business Record

Midwest Heritage plans new bank branch in Grimes

Midwest Heritage, a Hy-Vee-owned financial group, plans to build a two-story, 16,000-square-foot facility at 221 N.E. Gateway Drive in Grimes. the Hy-Vee grocery store that opened in September. Site work has begun and construction is expected to begin in early 2022. Construction is expected to be completed by fall 2022, according to a Hy-Vee spokesperson. The new state-of-the-art branch will be Midwest Heritage's ninth branch location and will feature several automated and self-service options. The lobby will offer walk-up teller service, while an interactive teller machine (ITM) will be available for drive-up service. "Grimes is a growing and prospering community, and we view ourselves the same way — growing and prospering,” Tony Kaska, chairman, CEO and president of Midwest Heritage, said in a prepared statement. “We are really excited about the opportunity to be part of the community and help individuals and small businesses with their financial needs."

Iowa company to pay $75k penalty over alleged claims about coronavirus cleaning process

DES MOINES, Iowa (KCRG) - A Des Moines-based custodial and janitorial company must pay a $75,000 penalty over alleged false advertising about its coronavirus cleaning process. Iowa Attorney General Tom Miller began investigating the company during the summer of 2020, over claims its antimicrobial “Test-Treat-Track three-step process” provided long-lasting prevention or mitigation of the transmission of the coronavirus on surfaces.

US EPA's new biofuel blending targets spark controversy

DES MOINES, Iowa — The Environmental Protection Agency announced new requirements for how much ethanol and biodiesel will have to be blended into the nation's fuel supply. In an unprecedented move, the EPA proposed large cutbacks to 2020's blending levels. Those levels had already been set in 2019, but did not account for the unexpected and dramatic decrease in demand for fuel caused by the pandemic. The EPA also proposed scaling back on the amount of renewable fuels required for 2021.
Des Moines Business Record

Growing economy, affordably priced housing linked, say Project515 panelists

Jorge "Junior" Ibarra, CEO of West Des Moines-based Ibarra Realty Group, was one of six panelists in a recent Business Record Project515 virtual event on affordable housing. Next year, the prices of houses for sale in the Des Moines area are expected to jump 16%, Ibarra said. "That's going to price a lot of consumers out of the market," he said. "We all know that homeownership is a large portion of the mass population's wealth." To watch the entire discussion, click here.

Techstars Iowa alum Onward Delivery Raises $4.7 million seed round

Onward Delivery, a freight marketplace that connects retail stores to underutilized trucks already on the road, has closed an oversubscribed $4.7 million seed funding round, led by Range Ventures and Matchstick Ventures. The round also includes participation from angel investors including Andrew Leto, Founder & CEO of Emerge; Jett McCandless,...

Janitorial Company Ordered To Pay Penalty And Refunds On Cleaning System Claiming To Mitigate COVID On Surfaces

A Des Moines commercial custodial company has been ordered to pay a $75,000 penalty and provide refunds for making false COVID-19 cleaning claims. Iowa Attorney General, Tom Miller, reports the settlement with Heritage Group, Heritage Microbial Control, LLC, SPMC and Joseph Johnson must comply with those terms of the agreement and also refrain from claiming that their antimicrobial cleaning process provides long-term protection to surfaces from the coronavirus, unless such claims are approved by the appropriate federal and state authorities. “As the pandemic began, we shared concerns that companies would try to sell cleaning services based on unfounded claims to prevent the coronavirus, wasting Iowans’ money and potentially harming their health,” Miller says. “We are pleased to come to a resolution with Heritage Building Maintenance and to finalize the agreement that refunds customers and puts an end to these claims.” In the summer of 2020, Miller’s Consumer Protection Division opened an investigation into the company’s claims that Test-Treat-Track, their three-step antimicrobial cleaning process, would provide long-lasting prevention or mitigated transmission of the coronavirus on surfaces. They also referred to it as “science-proven microbial control” and it was licensed to the company. This was sold to approximately 65 Iowa customers at more than 200 locations within the Des Moines metro area that included schools, medical facilities, municipalities and large employers. Johnson and the companies denied any wrongdoing in the case.

Casey’s reports second sales increases despite supply chain issues

(Radio Iowa) – The Ankeny-based Casey’s convenience stores reports continued recovery from the pandemic slowdown despite some continuing challenges. Company president, Darren Rebelez gave an update today (Wednesday) on second-quarter results during a conference call with investors. “Diluted earnings per share were two dollars and 59 cents per share. And will down from the prior year — were still impressive in the wake of the extremely challenging retail environment we are still facing. Total gross profit dollars of 718 million dollars was an all-time high for the second quarter,” Rebelez says.
Ames Tribune

Iowa Cubs to be sold to California-based sports-entertainment firm Endeavor

For the first time in over two decades, the Iowa Cubs owners' suite at Principal Park will have new occupants. Endeavor, a global sports, entertainment and marketing company based in Beverly Hills, California, announced Wednesday it is purchasing, through the creation of a new organization called Diamond Baseball Holdings, the longtime Des Moines minor league baseball team, the AAA affiliate of the Chicago Cubs. Terms of the deal were not disclosed.

Iowa Cubs Sold To California Company

Des Moines, Iowa — The Iowa Cubs are under new ownership. California based company Endeavor has purchased the AAA affiliate of the Chicago Cubs. Michael Gartner has owned the club for the last 22 years. That’s Sam Bernabe, who has worked for the club for 39 years. He will...

Des Moines cleaning company fined $75K over false advertising

DES MOINES, Iowa — A Des Moines cleaning company must pay a penalty for falsely advertising long-term protection against COVID-19. The Iowa Attorney General’s Office reached a settlement with Heritage Building Maintenance. The Heritage Group, Heritage Microbial Control and Joseph Johnson must pay a $75,000 penalty and refunds to customers...

Iowa Farm Bureau President Steps Down After Heading Agency For 10 Years

(West Des Moines, IA) Iowa Farm Bureau president Craig Hill is stepping down after 10 years as head of the state’s largest agricultural organization. Hill’s successor will be chosen as Farm Bureau members meet in Des Moines starting today (Tuesday) for their annual state conference. Three names will be on the ballot – Joe Heinrich, the current vice president from Jackson County, Brent Johnson who is from near Manson in Calhoun County, and Tim Kaldenberg from southern Iowa in Monroe County near Albia.