News & Information
NEWTON DEVELOPMENT CORPORATION 60 Companies Attend Job/Career Fair
March 27th at DMACC
60 businesses – up about 20 from last year – attended the FREE Job/Career Fair that was held on Thursday,
March 27th at Newton DMACC Campus. Companies attending were looking for a variety of positions to
be filled including professional, advanced manufacturing technologies, health care, customer service and
entry level.
The following businesses and organizations attended: Advance Services,
Advanced Wheels, Aventure Staffing, Avon Products, Inc., Brownells,
Buena Vista University, Caleris Inc., Careage of Newton, Central College, Christian Opportunity Center, City of Newton, Cline Tool, Colonial
Life, DMACC, DRM, Inc. dba Arby's, Family Video, Hammer Medical
Supply, Hanson Directory, Heritage
Manor, Hy-Vee, Iowa State University Extension & Outreach, IowaWORKS, Iowa Workforce Development, Jacobson Staffing Company,
Janco Industries, Inc., JELD-WEN Window Division, KCOB and Energy FM (GoodRadio), Keltek, Inc., Key Cooperative, Kinze Manufacturing, Inc., LDJ Manufacturing Inc., Manatts, Inc., Mitchell Village
Care Center, New Century FS / GROWMARK, Newton Community
Schools, Newton Daily News, Newton Health Care Center, Newton
Village, Patriot Converting, Inc., Prairie Meadows, Progress Industries,
Project Iowa, QPS Employment Group, Rock Communications, Sears, Skiff Medical Center, State of Iowa,
Temp Associates, The Homestead, The Newton Group, Thombert, Thrivent Financial, TPI Composites,
Trinity Structural Towers, Underwriters Laboratories, Van Maanen Electric, Inc., Vermeer, Walter G. Anderson, Inc., William Penn University College for Working Adults, and WorkSource, Inc.
April 2014 NDC Executive
Committee
Levi Pence
Chair
Jo Jenkins
Vice Chair
Rob Kahn
Secretary
Dan Skokan
Treasurer
Brian Buch
Mike Fastenau
Steve Long
Adam Otto
Dick Davidson
Past Chair
Debbie Mascaro, IowaWorks, offered job seekers free assistance prior to the job fair from 1:00 – 4:00 pm
with their resumes, and gave advice about interviewing skills and job search strategies.
Another big change was that the job fair was held from
4:00 – 7:00 pm instead of the 11:00 am – 2:00 pm as in
previous years. This helped generate more traffic and
provided connections between businesses and our communities’ talent pool. Another advantage of the new time was
it allowed commuters an opportunity to seek employment
close to home. DMACC was filled with eager job seekers
from students looking for their first “career” job to experienced employees.
If you your business or organization would like to be included in
future job/career fairs, please contact Jenny Michael at [email protected] or call 641-787-8210.
Des Moines Area Community College (DMACC) in Newton, Jasper
County Economic Development Corporation (JEDCO), Iowa State
University Extension & Outreach of Jasper County and the Newton
Development Corporation (NDC) sponsored the fair.
NDC Staff
Frank Liebl
Executive Director
[email protected]
Office: 641.787.8209
Mobile: 641.521.1868
Jenny Michael
Executive Assistant
[email protected]
Office: 641.787.8210
Mobile: 641.521.3085
600 N. 2nd Avenue W.
Suite P
Newton, Iowa 50208
News and Information from Newton Development Corporation Page 2
Mission
Statement
The Newton Development Corporation
strives to improve
the economic wellbeing of the Newton
community.
We accomplish this
through collaboration with other community stakeholders
to increase investment in Newton by
retaining, growing
and attracting business. Our success is
measured through
growth in employment,
population,
housing, retail sales,
tax base, healthcare
accessibility
and
school enrollment.
We will follow these
principles and
values: Honesty,
integrity,
respect,
professionalism,
teamwork and an
appropriate balance
of transparency and
confidentiality.
Brandstad Signs Iowa Speedway
Tax Break
Governor Terry Brandstad signed a bill giving a state sales tax break of
up to $9 million to Iowa Speedway today. The Senate File 2341 provides a 5 percent rebate of state sales tax to Nascar. This legislative
action was required because the original law authorizing the tax break
required that 25% of the track be owned by Iowans. This legislation extends the tax break to 2026.
NDC’s Revolving Loan Fund
Seeing More Activity
In 1997, the Newton Development Corporation (NDC) took out a $400,000 loan
with the USDA and did a 25 percent match to establish a GAP Financial Loan
Fund. To date 26 loans have been made totaling nearly 1.4 million dollars. “In
the last few months we seen have requests for loans pick up,” said NDC Executive Director Frank Liebl. “Currently, we have 4 active loans totaling $185,000,” added Liebl.
The primary purpose of the NDC Gap Financing program is to promote new business start-up, expansion,
and/or retention projects in the Newton area. In fulfilling its purpose, NDC seeks to foster capital investment, as well as job creation and retention. In addition to business projects, the NDC fund fosters community objectives by providing gap financing for qualifying community based projects.
General Requirements:
All projects are required to be initially reviewed with a commercial lender to determine the financial institution’s participation in the project and the identification of a financial gap.
A loan applicant must:
 Be of good character and/or good standing.
 Demonstrate ability to operate the business successfully.
 Possess adequate capital to operate the business.
 Demonstrate sufficient past and/or future earnings to repay the loan.
 Provide adequate business collateral to assure the loan repayment.
Applications are reviewed on a competitive basis with consideration given to the following areas:
 Type of business.
 Local economic impact.
 Business Plan.
 Requested loan term and conditions.
 Applicant’s financials including credit reports, collateral, and cash flow analysis.
 Applicant’s participation: typically at 10% of total project cost for existing business; 20%
for a new business.
Funds can be used for:
 Acquisition of real estate (to include land, building, etc.)
 Building construction improvements.
 Purchase of machinery and equipment.
 Working capital.
Funds can’t be used to pay-off a loan to another creditor to reduce the risk.
More information about the IRP Gap Financing Loan Program can be found on the NDC website at
www.newtondevelopmentcorporation.com under “Resources.”
VISIT OUR WEBSITE! www.newtondevelopmentcorporation.com
News and Information from Newton Development Corporation Page 3
FREE SCORE Workshop
Do you know someone who is dreaming about starting their own
business or maybe you are considering growing your existing
business, but aren’t sure how? SCORE can help with the FREE
SCORE Workshop!
This workshop will provide information about business plans, look at legal, marketing, insurance, banking, accounting and personal factors.
Monday, April 28, and Wednesday, April 30, from 5:45—9:00 pm
At Newton Development Corporation
600 N. 2nd Avenue W., Suite P (East end of the DMACC Campus)
Please RSVP by Friday, October 4, by calling 641.787.8210
or emailing [email protected]
Ingenuity at its Finest!
A Spanish teacher was explaining to her class that in Spanish, unlike English, nouns are designated as either masculine or feminine.
 Why is our memory
good enough to recall
to the last detail
things that have happened to us, yet not
good enough to recall
how often we have
told them to the same
person?
‘House’ for instance, is feminine: ‘la casa.’
‘Pencil,’ however, is masculine: ‘el lapis.’
A student asked, ‘What gender is ‘computer’?
Instead of giving the answer the teacher split the class into two groups, male and female, and asked them
to decide for themselves whether ‘computer’ should be a masculine or a feminine noun. Each group was
asked to give four reasons for its recommendation.
The men’s group decided that ‘computer’ should definitely be of the feminine gender (‘la computadora’)
because:
No one but their creator understands their internal logic.
The native language they use to communicate with other computers is incomprehensible to everyone else.
Even the smallest mistakes are stored in long term memory for possible later retrieval.
As soon as you make a commitment to one, you find yourself spending half your paycheck on
accessories for it.
The women’s group, however, concluded that computers should be Masculine (‘el computador’) because:
In order to do anything with them you have to turn them on.
They have a lot of data but still can’t think for themselves.
They are supposed to help you solve problems, but half the time they ARE the problem.
As soon as you commit to one, you realize that if you had waited a little longer, you could have
gotten a better model!
The women won!
 In a rural district of
England, a driver of a
smaller sedan braked
hastily as a Rolls
Royce came hurtling
around a sharp bend
in the narrow road.
“Pig!” shouted the
woman driver as she
careened past.
“Cow!” cried the
driver of the small
sedan in retaliation.
Then he drove around
the bend himself –
and crashed head on
into the biggest pig
he had ever seen!
 There’s no sound in
the world as ominous
as a low whistle from
a mechanic underneath your car.