Akason optimistic of future business expansions
By TAMMY R. LAWSON, TIMES-REPUBLICANArticle Photos
As the Marshall Economic Development Impact Committee nears the end of its five-year budget and begins anew in June, the organization is looking forward to economic growth Marshalltown may see in the upcoming year.
I'm optimistic about the future," said President Joel Akason. "I think we're going to be positioned well and our infrastructure remains strong."
Both the city and county invest a combined $100,000 annually toward area development. As well, businesses and individuals help fund their campaign.
"We [have] money earmarked for marketing or business assistance," he said.
Several economic projects are in the works, including the JBS expansion which is slated for ground breaking by summer.
"In a couple of weeks, the VA Clinic should be open," he said. "Very impressive - they did a nice job."
Akason said Fisher Controls is contemplating a grand opening in May for their downtown research and development facility.
"I toured that about three weeks ago and it's amazing," Akason said.
Mechdyne Corporation is looking at structural and capital improvements totaling $2.45 million which will add ten new employment positions after the project is completed.
Akason said in November 2009 that Menards, located at 2500 S. Center St., is considering a new location for expansion of its current store.
However, he wouldn't elaborate specifically but said there are three other local companies MEDIC is working with that could direct some positive opportunities to the area.
"One is currently buying up some of their competition for when this economy rebounds," he said. "They should see some significant growth."
And as the city has had the number-one rated water in the state two years running, he said that is why "the food industry continues to take a look at Marshalltown."
Working with entrepreneurs is advantageous for the area, Akason said, and there are also business-assistance funds that can help individuals wanting to take on their own operations.
For more information, contact Joel Akason at 641-753-6645.
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Contact Tammy R. Lawson at 641-753-6611 or tlawson@timesrepublican.com
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LilBeaver
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03-11-10 3:46 PM
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It is interesting to note the comment about several companies buying up their competition. Guess what will happen to the prices when there is no competition? You will pay what the "Big Dog" charges or do without. A comforting thought isn't it. I am always amazed how MEDIC and the Chamber always operate behind closed doors, so that the public doesn't know what they are doing until they drop the "Bomb" on the people???
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Adnil63
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03-11-10 10:02 AM
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Menards is building directly west of Theisens.
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herkeye
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03-11-10 12:52 AM
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Where is Menards going...I have heard out south between Iowa Ave and Hwy 30...anyone else heard that? It would be nice if they actually had a lumber yard. It's great to hear some good news about businesses expanding.
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