(Radio Iowa) – The Creighton survey of Midwest purchasing managers for September shows the overall measure dropped again. Economist Ernie Goss says they measure the status of the states on a zero to 100 scale, with 50 representing growth neutral. “It was fitting 52-point-seven and that’s still above growth neutral, but down from August 55-point-five, which is obviously stronger. This is the fifth decline in the last six months — so the manufacturing economy in the region is slowing down.

He says it is the lowest lowest number since June of 2020. Iowa’s individual state index was to 50-point-nine in September — down from 55-point-seven in August. Goss says the same issues continue to be a drag on the economy. “Supply chain disruptions, far and above the greatest challenge 43 percent said supply chain disruptions. We had 43 percent said labor shortages,” he says. The other concerns were higher input costs, global recession, and the lowest and reading was higher interest rates. The regional employment is still down seven tenths of one percent. )”When you look at growth though, over the last year, the region grew at about two-point-three percent. Now that compares to the U-S number which is better. The growth year over year for the U-S economy was about four percent,” Goss says.

Goss says we’re seeing less and less inflationary pressures and he expect that to impact interest rates. ” I expect short term rates to rise by another half percent by year’s end. And so that’s that’s a little below expectations. I think the Feds gonna pull back somewhat in the November meeting,” according to Goss. “Again, I expect a half percent increase because of inflationary pressures, which are weakening or diminishing.”  Goss says we’re still seeing a recession. “Let’s call it stagflation, very low growth and inflationary pressures way above the Feds target of two percent. So I’ll call it stagflation. And that’s, of course, not good,” Goss says. “Manufacturing is stronger than the rest of the economy. Housing is where there’s a real problem right now that’s residential housing, multifamily doing okay. industrial, okay. So that’s where we’re seeing some real problems.”

Goss says gasoline prices are probably going to be move a bit higher, as the federal government gets out of the oil selling business from the emergency reserve.

(Brooklyn, Iowa) – A collision between a semi tractor-trailer and a farm tractor, Monday evening in Poweshiek County, left the driver of the semi dead and the tractor driver injured. The accident happened at around 6-p.m. on County Highway V-18.

According to the Iowa State Patrol, a 2007 Kenworth semi driven by 68-year-old Garland Alan Roth, of Grinnell, struck the rear of a grain wagon being pulled by John Deere 8520 tractor. The tractor was being driven by 72-year-old Charles E. Griffith, of Brooklyn. Both vehicles were traveling northbound. Following the collision, the the semi came to rest on its side in the west ditch. The farm tractor remained on the highway.

Roth died at the scene. He was not wearing a seat belt. Charles Griffith was transported by private vehicle to the hospital in Grinnell. The accident was under investigation.

COUNCIL BLUFFS, IA – The U-S Attorney’s Office for the Southern District of Iowa reports a man from Mount Vernon, Washington. 22-year-old Brian James Bell, was sentenced Friday, September 30, 2022, to 66 months (5 1/2 years) in prison, following his plea in Council Bluffs U-S District Court, to a charge of Possession with Intent to Distribute Methamphetamine.

In June 2021, Bell was involved in a traffic accident on Interstate 29. Law enforcement arrived on the scene and observed Bell carrying a backpack away from the accident site. A During a probable cause search of the vehicle and backpack, law enforcement located 97 grams of methamphetamine and two loaded firearms.

United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. The Pottawattamie Sheriff’s Department and Southwest Iowa Narcotics Enforcement Task Force investigated the case.

COUNCIL BLUFFS, IA – A man from Pottawattamie County was sentenced last Friday in Council Bluffs District Court, on drug charges. 58-year-old Scott Paul Polinski, of Council Bluffs, was sentenced to 120 months (10 years) in prison for Possession with Intent to Distribute Methamphetamine. He must also serve a five-year term of supervised release after the prison term. There is no parole in the federal system.

In October 2021, Polinski was on parole with the State of Iowa Fourth Judicial District Probation and Parole Department for prior distribution of methamphetamine convictions. Officers received information that Polinski was selling methamphetamine out of his home. Officers went to Polinksi’s address to complete a home visit and speak with Polinski. Officers located 264 grams of methamphetamine and drug paraphernalia related to distributing illegal drugs.

United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. The Council Bluffs Police Department, Fourth Judicial District Department of Correctional Services Probation and Parole Department, and Southwest Iowa Narcotics Enforcement Task Force investigated the case. This case was prosecuted by the United States Attorney’s Offices for the Southern District of Iowa.

SACRAMENTO, Calif. – Small non-farm businesses in 14 Iowa counties and neighboring counties in Minnesota and Nebraska are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West. These loans offset economic losses because of reduced revenues caused by drought in the following primary counties that began Aug. 2, 2022.

Primary Iowa counties: Harrison, Humboldt and Kossuth;

Neighboring counties: Crawford, Emmet, Hancock, Monona, Palo Alto, Pocahontas, Pottawattamie, Shelby, Webster, Winnebago and Wright;

Neighboring Minnesota counties: Faribault and Martin;

Neighboring Nebraska counties: Burt and Washington.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

“Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3.04 percent for businesses and 1.875 percent for private nonprofit organizations, a maximum term of 30 years and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Garfield said.

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on Sept. 26, 2022.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for economic injury is May 26, 2023.