Bob Bocken On behalf of the Iowa Department of Economic Development, I respectfully submit this IDED FY ’09 Annual Report of the Iowa Department of Economic Development (IDED). IDED focuses all efforts on community, business and workforce development, which covers a wide range of audiences. While some constituencies overlap, many do not. I encourage you to become more familiar with breadth and depth of the department programs by reviewing the program overviews included in the Targeted Programs and Initiatives section.

During FY ’09, IDED employed 148 staff members and had a budget of approximately $160 million in state, federal and other funds. In addition, IDED also received $281 million during FY ’09 in CDBG disaster recovery awards to support rebuilding efforts after the 2008 natural disasters. This report highlights the hard work of FY ’09.

As a result of the passing of House File 2450 during the 2008 Legislative Session, most of the required reporting of the department has been aligned with the common reporting deadline of January 31 for the fiscal year ending on June 30 of the previous year. This FY ‘09 Annual Report includes information on action taken July 1, 2008 – June 30, 2009.

The Economic Development Board is very proud of the accomplishments achieved during FY ‘09 and will continue to work hard to foster growth and sustainability for Iowa’s workforce, communities and businesses. We look forward to continuing to work with the department staff, Governor Culver and the Legislature to move Iowa forward.

Bob Bocken, Iowa Economic Development Board Chair