West Des Moines is wrapping up its first major economic development strategic plan since 2017.
Why it matters: The plan will help guide city leaders over the next decade on potential development sites, financial incentives and what types of employers and industries to attract.
- The city paid Newmark $220,000 to create the plan, the Business Record reported.
The big picture: Finance and insurance, the city’s traditional major industries, could face headwinds due to AI’s potential impact on white-collar employment, per Newmark.
Zoom in: Data center expansion may also slow down because of nationwide power constraint concerns. Plus, the industry has matured, West Des Moines economic development director Ryan Moffatt tells Axios…