Second Quarter 2020 Newsletter
New Member Shout Out
Accounting firm McGowen Hurst Clark Smith joined AEDC in March. You can learn more about them at mhcscpa.com.
AEDC April 13-17, 2020 Member Survey
Twenty-six businesses representing 5,000+ employees responded to the AEDC member survey. The results show area businesses are following CDC guidelines. These businesses and the additional public health practices they have implemented can provide guidance in the future as stay at home requirements ease. Since markets continue to adjust, we will run this survey again in a few weeks. Here are the results of three questions worth highlighting.
50% have seen a decrease in demand, 11.5% have seen an increase in demand
19% still aren't able to find the workforce they need
88.5% believe their business will be stronger a year from now
One of the businesses seeing an increase in demand is Mom’s Meals. Mom’s Meals (a PurFoods company) provides fully-prepared, refrigerated meals delivered direct to homes nationwide. Programs support some of the most vulnerable people in the country – including Medicaid beneficiaries, the elderly, and those with chronic conditions. Based in Ankeny (on Corporate Woods Drive), Mom’s Meals employs more than 1,600 people, over half of whom are in Iowa.
As property valuations have increased over the years the taxing bodies in the Ankeny area have decreased their tax rate. Five of the nine taxing bodies plan to decrease their 2021 tax rate. Commercial properties in Iowa are reassessed every two years. The example below shows the impact of these rate changes assuming a level property assessment. Note: this is a simplification, not an exact estimate. Some rates have yet to me certified.
Student Shark Tank
Student Shark Tank winners showed their appreciation with notes and samples of what they have done with their winnings. London Schuchant used some of his award money to create a logo for his business 4th Lane Running.
Board / Member Meetings
Due to public health concerns, the April 16th lunch meeting was held via Zoom video conferencing. Scott Raecker, executive director of the Robert D. and Billie Ray Center spoke about Character Competencies During a Crisis.
Money we would have spent on lunch was used to have Tasteful Dinners of Ankeny prepare and deliver 80 meals to IMPACT – Ankeny food bank. This picture is one of the actual meals delivered.
2020 Lunch Meeting Dates:
June 18 at Ankeny Library or Zoom depending on public health considerations
August 20 at Baker Group
If you missed a prior newsletter you can catch-up below.