- Associated Press - Saturday, January 31, 2015

DUBUQUE, Iowa (AP) - A Dubuque-based insurance broker has announced plans to add 90 jobs over the next three years.

Cottingham & Butler could add as many as 45 jobs this year, President and CEO David Becker told the Dubuque Telegraph Herald (https://bit.ly/1CXQVf5 ). The remaining positions would be filled by the end of 2017.

The job additions, which are contingent on the approval of local job-training funding and state incentives, would increase the company’s Dubuque workforce to about 550.

The company intends to lease an additional floor at a Main Street location in downtown Dubuque to accommodate the expanded workforce.

First established in 1887, Cottingham & Butler has evolved into a group of businesses that provide insurance advisory services, claims management, health promotion and safety programming. It employs 625 employees nationwide.

Rick Dickinson, president and CEO of Greater Dubuque Development Corp., said Cottingham & Butler will seek a $600,000 award from the Iowa Economic Development Authority’s High Quality Jobs program.

The incentives would amount to $8,000 per qualified position, with half coming in the form of a forgivable loan and the other half as a zero-interest loan repayable to the state development authority. A revolving loan fund totaling $150,000 has been provided through East Central Intergovernmental Association as a local match.

To retain the funding, Cottingham & Butler must create 75 jobs with a qualifying wage of $41,700.

The company also reached a preliminary agreement with Northeast Iowa Community College concerning $305,000 in job-training funds, Dickinson said.

___

Information from: Telegraph Herald, https://www.thonline.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide