Dubuque Wins Federal Economic Development Award
The Iowa city was awarded the 2009 Economic Development Administration’s Excellence in Economic Development in Historic Preservation-led Strategies citation for the redevelopment of the Roshek Building as a new home for IBM’s Global Information Technology Service Delivery Center.Â Mayor Roy Buol accepted the award in the lobby of the historic Roshek Building.
The $100-million IBM project also received an Honorable Mention in Business Facilities’ 2009 Economic Development of the Year awards. The new IT center is expected toÂ create up to 1,300 high-tech jobs by the end of 2010. It willÂ generate an estimated $189 million in direct economic impact and more than $70 million in direct personal income (wages).
â€ś[IBMâ€™s choice of Dubuque] is one more sign that people around the country are discovering what we have known all alongâ€”that with our highly skilled workforce, inviting business climate and quality of life, Iowa is a great place for business,â€ť said Iowa Gov. John Culver.
Working together, the Governorâ€™s Office, the Iowa Department of Economic Development, the City of Dubuque, Dubuque Initiatives, and the Greater Dubuque Development Corp. reached an agreement with IBM on a 10-year lease to occupy the historic Roshek Building in downtown Dubuque. IBM plans to upgrade the building with energy-efficient technology to make it a green facility.
â€śWe selected Dubuque for our new delivery center based on several criteria, including strong positive public-partnership within the city, its competitive business model, and the talent and skills that Iowa has to offer,â€ť said Mike Daniels, senior vice president, IBM Global Technology Services.
According to Mayor Buol, Dubuqueâ€™s sustainability initiative played an important role in IBMâ€™s selection of the Iowa site. â€śThe adaptive reuse of a historic structure in the heart of our downtown illustrates our shared commitment to sustainable development, historic preservation and community revitalization,â€ť Buol said.