FRIDAY, FEB. 23, 2018  |  IN THIS ISSUE  

Rockwell Collins' headquarters in northeast Cedar Rapids. PHOTO ROCKWELL COLLINS 
Cedar Rapids, where Rockwell Collins in headquartered, won't house the leadership for the new Collins Aerospace Systems business to be formed when its acquisition by United Technologies Corp. (UTC) is completed, but it also won't be losing as many leadership staff as previously thought.

Rockwell Collins and UTC Aerospace Systems released a "high-level organizational structure" Thursday indicating the leadership offices for Collins Aerospace will be located in an existing UTC facility in Palm Beach County, Florida when the acquisition is completed this summer. However, the leadership operation envisioned was described as small, and two of the six strategic business units that will constitute Collins Aerospace - Avionics and Mission Systems - will remain located in Cedar Rapids. 
 
The four other Collins Aerospace business unit locations will remain where most of those functions are already performed: Aerostructures in Chula Vista, California; Interiors in Winston-Salem, North Carolina; Mechanical Systems in Charlotte, North Carolina and Power & Controls in Windsor Locks, Connecticut. 
 
"A goal in designing this new organization is to limit disruption, and employee relocations are expected to be minimal," the company statement said. 
 
Cedar Rapids Metro Economic Alliance Executive Director Doug Neumann said the news was expected, and the Economic Alliance remains optimistic about the future of Collins Aerospace in the Corridor. Although he said Rockwell Collins has not indicated the number of leaders who'll be moving to Florida, it is likely to be "a small number of people" based on their conversations.

"We continue to hear signals about room and opportunity to grow," Mr. Neumann said.

Palm Beach County is home to about 17,000 aviation, aerospace and engineering workers, including employees of UTC's Pratt & Whitney jet engine business. Rockwell Collins, the Corridor's largest private employer, held employee meetings Thursday to discuss the organization plan and the future of their benefits under new owners.

Minneapolis-based General Mills, which operates a large plant in Cedar Rapids, has announced an $8 billion deal to acquire Blue Buffalo Pet Products in a move the food giant says will position it as the market leader in the fastest-growing segment of the pet food market: wholesome natural pet food.

"The addition of BLUE to our family of well-loved brands provides General Mills with the leading position in the large and growing Wholesome Natural pet food category, and represents a significant milestone as we reshape our portfolio to drive additional growth and value creation for our shareholders," General Mills Chairman and CEO Jeff Harmening said in a statement.  

"We are competing more effectively in our existing categories by really listening to consumers and providing a variety of options that meet their needs," he added.  "In pet food, as in human food, consumers are seeking more natural and premium products and we have tremendous respect for how attentive Blue Buffalo has been to the needs of their consumers, pet parents and pets, as they have built their brand." 
 
Founded in 2002, Blue Buffalo is the fastest growing major pet food company making natural foods and treats for dogs and cats under the BLUE brand. It is the leading U.S. pet food brand in the wholesome natural category with nearly $1.3 billion in net sales in 2017.

Under terms of the agreement, General Mills will pay $40 a share for Blue Buffalo - about a 17 percent premium over its Thursday closing price of $34.12. It expects to complete the deal by May. 
Registration for CBJ's Future of Technology event closing soon 
 
The registration deadline is rapidly approaching for the CBJ's newest event, the Future of Technology. The event, which will be held March 6 at The Hotel at Kirkwood Center, will invite five technology executives to share their groundbreaking ideas in the fields of artificial intelligence, virtual reality and augmented reality.

Executives will deliver a brief presentation on their work before participating in a panel discussion on the future of technology in the Corridor. Chris Murphy, director of RSM US LLP, will moderate the discussion. Participants will include: 
  • Stephen Baek, assistant professor mechanical and industrial engineering of University of Iowa College of Engineering. Mr. Baek's research targets understanding trends and patterns in geometric data based on theories and principles in differential geometry, manifold theory and algebraic topology.
  • Meindert Niemeijer, chief technology officer of IDx LLC. Mr. Niemeijer is an internationally recognized retinal image analysis expert with 10 years of experience researching and developing software and algorithms for the analysis of retinal images. CBJ subscribers can read our exclusive story on the company's recent success here.
  • Jim Shaw, executive vice president of engineering at Crystal Group Inc. During his tenure at Crystal Group, Mr. Shaw's expertise led to the birth of the rugged series (RS) framework for the military and industrial computing markets.
  • Ada Woo, senior director of strategy implementation and operations at ACTNext. Ms. Woo has more than a decade of experience in the licensure and certification testing field. In addition to her work in psychometrics and research, she is an active member in the assessment industry.
  • Jens Zalzala, co-founder of Shaking Earth Digital. Before moving to Iowa to build prototype and production apps, Mr. Zalzala enjoyed an award-winning career as a technical artist and supervisor in the visual effects industry.
Tickets are $40 per person and $400 per table of 10. Lunch will be provided. For more information or to register, visit  www.corridorbusiness.com/events or call Ashley Levitt at (319) 665-6397, ext. 311. Registration ends Feb. 27.
In this week's CBJ Report on CBS2/FOX 28, Editor Adam Moore discusses Mount Mercy University's first doctoral programs, the state's less-than-stellar scores on the Iowa Business Council's new competitive dashboard and new details on EntreFEST, including the addition of keynote speaker Scott Belsky, chief product officer for Adobe Systems. Watch the full report here.
Story5ABI conference expected to draw 550 biz leaders to Coralville
 
An estimated
550 Iowa business leaders are expected to converge on the Corridor Jun e 5-7 for the Iowa Association of Business and Industry 's (ABI) annual Taking Care of Business Conference, to be held at the Coralville Marriott.

"
If you' re passionate about business in Iowa, you need to attend this conference, " said Mike Ralston, ABI president, in a release announcing what organizers call "Iowa's premiere statewide business conference."

The Taking Care of Business Conference brings together influential industry leaders to learn, network and share ideas on growing Iowa 's business climate. Mr. Ralston noted that many companies often bring their entire leadership team to the conference.

"
No other event in Iowa attracts as many decision-makers looking to learn and network, " sa id ABI Board Chair David Zrostlik, president of Stellar Industries in Garner.

The theme for
2018' s conference is Iowa' s place in the global economy. Th e conference will feature
well-known speakers, including New York Times best-selling author Marc Goodman, geopolitical
strategist Peter Zeihan and supply chain management exp ert and experienced mountain climber John
(Andy) Anderson. Iowa business experts will lead 18 workshops on topics ranging from cybersecurity to workplace well-being.

More than 500 Iowa business leaders attended the 2017 co
nference in Dubuque, including executives
representing 250 businesses and organizations.

"
We' re proud to bring the Taking Care of Business Conference to the Iowa City/Coralville area, " Mr. Zrostlik said. "The Creative Corridor is an economic engine for Iowa with its manufacturing, educated workforce and creative culture. "
 
Business leaders interested in attending the conference ca n learn more and register by visiting
EventHeadlinesShort-Term Event Planner

Feb. 23-25
Startup Weekend Cedar Rapids, by NewBoCo, 415 12th Ave. SE, Cedar Rapids. Startup Weekend brings together Creative Corridor designers, developers, entrepreneurs and experts from a variety of industries to solve challenges facing our community and launch new ideas. Cost: $20-$99. For more information or to register, visit newbo.co.

Feb. 26
Coralville Roundtable, by Iowa City Area Chamber of Commerce, noon-1 p.m., Wig & Pen Pizza Pub, 1220 Highway 6 W, Coralville. Roundtables are social lunches over the noon hour. All are invited to network, keep up-to-date with Chamber and community events. Free for members. Call the chamber at (319) 337-9637 if interested and not a member.

Family Business Transition, by Iowa JPEC, 5-7 p.m., Voxman Music Building, 93 E. Burlington St., Iowa City. Hear from two generations of the West Music Company about family business opportunities and challenges. Free. To register, visit bit.ly/2BTxKdN.
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Headlines from CBS2/FOX 28
These news items are provided by CBS2/FOX 28  
 
The discussion over whether students should be involved in active shooter training is starting in the Corridor. Iowa City Police already train school district staff on what to do in an active shooter situation, but now they are asking how and if students should be a part of it. They are also working with law enforcement to decide what is appropriate for different age groups if students do receive training. The discussions are still in the early stages but police say there are parents and students on both sides of the issue. "When events like an active shooter or a violent intruder happen, we don't want that to be the first time they've thought of it, because you don't know your options at that point," said Sgt. Derek Frank of the Iowa City Police Department. "It's sad because of the times that we live in that it's necessary, but it would be nice to be able to have people comfortable enough to not be panicked." Ultimately the decision on next steps is up to school administrators "We'll really take the lead from the school district so when the school district decides how they're going to proceed we'll do everything we can to facilitate it," said Mr. Frank.

That final spike at the 2011 championship game became a defining moment for the Iowa City West High school girls volleyball team. "Those 15 kids on that team were so amazingly strong that season to be able to step on that court," said former coach Kathy Bresnahan. She is now the author of the legacy of that team, in a new book called "The Miracle Season." Not only did they win the title, but they did so because they were driven by their love for their captain, Caroline Found, who died early in the season in a moped accident. "The night that Caroline died and I got that phone call, it was not easy," recalled Ms. Bresnahan. On Wednesday and Thursday, the anticipated release of Ms. Bresnahan's book brought families, friends and residents to Iowa City and Cedar Rapids to hear how she brought the grief and triumph of Caroline and her team's journey that season to life. She said it took nearly three years to write. In the journey to create this book, Ms. Bresnahan said she relived each struggle, defeat, and joy from that season. Read the rest of the story here.
 
T hese news items are provided by CBS2/FOX 28 
CBS2 Chief Meteorologist Terry Swails' Weather First Forecast

One storm moves out and another is on the way to start the weekend. Today will be dry with temperatures climbing into the upper 30s to low 40s. There will some clearing of the skies late in the day and we'll see some sunshine. Then clouds will start to move back in tonight as another storm approaches the state. Saturday morning there may be a brief wintry mix, especially north of Highway 20. As temperatures climb above freezing the precipitation will change over to all rain and continue through the day. Late Saturday evening there will be the potential for some wet snowflakes to mix in with the rain. Then it will be sunny and mild Sunday with temperatures in the low 40s. It will be dry and mild to start next week with temperatures in the upper 40s to low 50s Monday through Wednesday. Another storm will arrive late Wednesday into Thursday bringing another chance for a wintry mix and rain.