THURSDAY, OCT. 11, 2018  |  IN THIS ISSUE  

Safran S.A., the French aerospace company expected to buy Rockwell Collins' actuator business ahead of United Technologies' $30 billion acquisition of Rockwell, appears to be moving forward with the deal.

Safran's mid-year financial report, released in September, indicates it has signed an agreement to purchase Rockwell Collins' actuators, pilot controls and special products business. The terms of the deal were not disclosed in the report, and the acquisition remains subject to regulatory approval, the company noted. It is expected to close in the first half of 2019.

If approved, the deal will expand the electrical actuation and flight control business lines of Safran, which already manufactures aircraft engines, landing systems, electrical systems and cabin equipment.

The company was named by executives including UTC Chairman and CEO Gregory Hayes as the likely buyer of Rockwell Collins' actuators business - one of two divisions Rockwell must sell before the U.S. Department of Justice will approve its merger with UTC - but a deal had not been confirmed until now.

Rockwell Collins must still sell its deicing systems business before the transaction with UTC can proceed. Only one other company makes plane deicing systems, giving UTC the ability to profitability to raise prices and offer less favorable contract terms to planemakers and aftermarket customers, the DOJ said in its decision.

Mark Nolte, speaking as part of the ICAD Group's annual meeting, held this morning at Big Grove Brewery in Iowa City.
The ICR region had plenty to celebrate over the past year, including its placement on several prominent "best places" rankings, some big acquisitions, the expansion of existing businesses like GEICO and innovative new technologies being developed at companies like Monarch Sport - but plenty of challenges remain, according to Mark Nolte, president of the Iowa City Area Development Group.

Speaking at the economic development organization's annual meeting this morning, he positioned his address as "appreciation without complacency," citing work the area has to do, whether it's dealing with the layoff of about 500 employees at Procter & Gamble, funding gaps at the University of Iowa, or building a better, brighter workforce from the ground up.

"What would it look like if the Iowa City are and the ICR region was known for having the most innovative approach to public education in the nation?" he asked, calling on leaders assembled at Big Grove Brewery, to help lead the charge. "What if our schools were known nationally for how they developed strong, confident, caring, empathetic, healthy, curious, creative problem solvers who are prepared to thrive in their lives?"

Answering his own question, Mr. Nolte said such an approach would help solve the region's workforce problem, end the struggle of many area families to make ends meet, and position the community to attract "the kind of people and companies we need."

Mr. Nolte said ICAD staff, in conjunction with the Iowa City Area Chamber of Commerce, recently questioned business and community leaders and noted widespread frustration that the community lacks vision and an overarching goal to work towards. Through that process, the groups developed a list of issues needing attention from affordable housing to transportation.

"But the one area that made the most sense to gather momentum around in the business community was education," he continued. "If we're being honest, we as a state have a very traditional model for how we educate our young people in a time when our employers and our post-secondary schools are telling us, that's not serving the people who are walking through their doors."

About 37.5 percent of students in Iowa City Community School District are on free or reduced lunch, Mr. Nolte noted, a statistic that closely correlates with long-term academic success and well-being. At the same time, the interstate commerce companies ICAD works with currently have more than 850 open jobs with another 1,500 openings on the way. Complicating matters, students are graduating with skillsets that are misaligned with those employers need most.

"While we need to up our brand awareness and work to attract more people to come here and get more of our graduates to stay, our problems cannot be solved by marketing alone," he said. "The question we need to be asking is what can we do to make our product better? What can we do make companies want to be part of this community?"

Mr. Nolte said it is Corridor businesses that should be leading educational change, calling on leaders in the room to make it their legacy.

"If we work together to start making these changes, the results will come," he said. "Or we could just keep doing the same thing and ... we'll probably be fine. And we can watch some other region lead this innovation and we can watch our young people and entrepreneurs move there. ... Growth in and of itself is not a goal. Growth is a result of doing the right things."
An architect's rendering of the new Crisis Stabilization Unit.


The Department of Psychiatry at University of Iowa Hospitals and Clinics in Iowa City will host an open house for its new 24-hour Crisis Stabilization Unit (CSU) from noon-4:30 p.m. Oct. 12.

The unit is the first of its kind in Iowa. It's specifically designed for people experiencing an emotional crisis or psychiatric emergency. The calm, comfortable space will feature reclining chairs instead of hospital beds and a care team dedicated to providing immediate, specialized care.

"Our emergency room is at capacity pretty much all the time, and people with a mental illness are there waiting for a psychiatric bed or treatment," stated Jodi Tate, MD, vice chair for clinical services in psychiatry, who has been leading the effort to create the CSU. "There is a mental health care crisis in our country and in our state, and we don't have enough services for people who are in crisis."

There are typically 10 people experiencing a psychiatric issue waiting in the University of Iowa Hospitals & Clinics Emergency Department at any given time. And as the number of state-funded psychiatric beds has shrunk, some patients are staying in the emergency room for extended periods of time, says Paul Van Heukelom, MD, clinical medical director of the Emergency Department.

"The Emergency Department is not an ideal environment for patients in crisis," Dr Van Heukelom stated in a press release. "The new space will allow patients to move to a different, more therapeutic environment with more specialized and dedicated care available."

The CSU aims to ease the burden on emergency room staff. Peg Nopoulos, MD, professor and chair of the psychiatry, says the big perk for patients is the immediate care they'll receive from a team of psychiatrists, nurses, and social workers.

"Sometimes patients are housed in the emergency room for quite some time and without a lot of interactions" she stated. "This is a place that will allow them to get effective and appropriate treatment right away."

The care team will start by evaluating new patients and then work on a treatment that may include medications, therapy, arranging follow-up appointments or getting them connected to community resources. Some patients may need more care and will be admitted to an inpatient unit, but others may only need a short-term stay in the CSU.  

The unit will be an open, inclusive space lined with reclining chairs. Patients can grab a snack, watch TV, or wash their clothes on the unit. It opens Oct. 15 and is designed to serve up to 12 adults.  
 
An artist rendering of the coming Great Western Bank branch. 
Great Western Bank has broken ground on the construction of a new full service branch office located at 2739 First Ave. SE in Cedar Rapids. The 6,500 square-foot office is expected to be completed and opened by mid-summer 2019.

"Great Western Bank's mission is to Make Life Great by taking outstanding care of its customers," Market President Dave Parmley stated in a press release. "We are excited to be entering the Cedar Rapids market and look forward to putting the customer first, creating meaningful relationships with our customers and the community."

Great Western Bank, which has branch locations in 43 other communities across Iowa, has more than 170 locations in nine states - Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
 
The Cedar Rapids location plans to open with a staff of approximately 10 employees and will focus on commercial banking services, private banking including wealth management, and a full slate of personal banking services.

Kirkwood's Workplace Learning Connection (WLC) has partnered with area high schools to facilitate tours of manufacturers, Oct. 15-19, during the sixth annual Advancing the Future event. The public event, coordinated by area Advanced Manufacturing Sector Board members, is designed to showcase manufacturing advancements and educate participants about the industry's in-demand occupations.

WLC provides career exploration through events, job shadows and internships for middle and high school students. This year's event is expected to attract a record number of students from schools within Benton, Cedar, Iowa, Jones, Johnson, Linn and Washington counties, and provide them the opportunity to tour any of 19 participating manufacturers.

"This event is all about growing the local talent pipeline," Event Coordinator Barb Rawson stated in a press release. "By creating awareness among teens, they'll understand there are so many well-paying job opportunities right here in ICR. Just two years at Kirkwood can lead to an amazing future in the advanced manufacturing industry."

Since 2011, Kirkwood has been working with manufacturing employers, economic development agencies and community-based organizations through sector partnership. The collaboration has proven to be fruitful, as it has given local manufacturing companies the opportunity to interact with a large number of potential employees and continue to grow their workforce pipeline.

"Manufacturers are telling us that this tour has led to some great hires," said Amy Lasack, senior director of Kirkwood Corporate Training. "I encourage anyone who needs a job, or may be thinking about one, to participate."

Advancing the Future is a free event. For a list of participating manufacturers, tour map, dates and times, visit www.kirkwood.edu/advancingthefuture .
 
Oct. 12
PMI Eastern Iowa Development Day, by PMI Eastern Iowa Chapter, 7:15 a.m.-4:45 p.m., DoubleTree by Hilton, 350 First Ave. NE, Cedar Rapids. This day-long program will enhance your project management skills and knowledge. Tickets: $149-$249. For more information or to register, visit pmieasterniowa.org.
 
Oct. 13
Code 101, by DeltaV Code School and NewBoCo, 9 a.m.-8 p.m, Geonetric, 415 12th Ave. SE, Cedar Rapids. Start learning how to code at DeltaV 101 this fall. Cost: $99, includes a light breakfast, lunch, dinner, and coffee. For more information, visit deltavcodeschool.com.
 
Oct. 15
Fall Joint Roundtable, by Iowa City Ara Chamber of Commerce, 11:30 a.m.- 1 p.m., Carver Hawkeye Arena, 1 Elliot Drive, Iowa City. Join the chamber for its Fall Joint Roundtable, connecting the various communities of the Iowa City area. Tickets: $15 for chamber members, $25 for future members, register by Oct. 15. To register, visit bit.ly/2zwNuRK.
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Headlines from CBS2/FOX 28
These news items are provided by CBS2/FOX 28  
 
After a four-year wait, The History Center in Cedar Rapids is ready to open in a new historic location. The Douglas Mansion on Second Avenue SE is a local artifact by itself, but now filled with new exhibits of local history. Staff and volunteers with the center are excited to open the doors for the grand opening on Saturday. Executive Director Jason Wright says it's a great combination. "There was an overall shout of 'hurrah' in that someone was going to save this important building, the last mansion on Mansion Hill. The whole magic of the Douglas Mansion is that we are going to be able to serve more people. " Mr. Wright says with incredible support from the community The History Center was able to pay for the renovations in cash and secure its financial future. Current interactive displays range from the impact of railroads on Linn County to the early challenges faced by area farmers and photos of the Cherry Sisters on stage.

A burglar didn't target the cash register at a Cedar Rapids game store, but a prized card collection.
The collection that was stolen from First Turn Games just after 3 a.m. Oct. 2 had about 252 cards in it, according to owner Steven Boatwright. He estimates the collection's value around $100,000. "A lot of people can equate it to very old baseball cards," Mr. Boatwright said Wednesday. "It's all because of how rare that they are. The condition. They are very powerful cards in the game when you're playing them. Those two cases were pretty much our pride and joy. Our selection in the Midwest - I mean, it was known."  While the store serves several interests, its specialty is Magic: The Gathering - the trading card game created in the early 1990s. Mr. Boatwright doesn't believe the person seen entering the store in surveillance footage the night of the incident is one of his regular customers. He estimates their height to be around 6'1" and notes a strange gait when they walk. The suspect broke in through the back door - which has now been upgraded with better locks. A reward is being offered for information about anyone involved in the burglary. Cedar Rapids Police haven't made any arrests and are still investigating the incident.

T hese news items are provided by CBS2/FOX 28 
CBS2 Chief Meteorologist Terry Swails' Weather First Forecast

The weather is calming down and cooling down for the rest of the week and the weekend. High pressure will be in control today and it will be dry, but there will still be clouds. Temperatures will only be in the low to mid-40s today and on top of that, the wind will make it feel even colder. The skies will clear some and winds will die down tonight and temperatures will drop down to near and below freezing Friday morning. Frost will be likely across Eastern Iowa.