Big Blue!
If you’ve been living under a rock, you might not have been hearing the persistent rumors around town about IBM (International Business Machines) possibly locating a major operation in the Dubuque area. Well, a planned announcement by Governor Chet Culver at 10:30 at the Grand River Center, will confirm those rumors as true.
IBM plans to create a new technology center downtown in the Dubuque Building, soon-to-be vacated by McKesson Corporation as McKesson locates to their new facility in the Dubuque Technology Park at Key West (Dubuque). As we speak, several floors of the building are being prepared to accommodate the initial round of hires for the center, reported by sources to be approximately 800 THIS year, topping out at 1,300 or more after two years!
Overnight TH Online Article Teasing the Big Announcement Today
Without doubt, this is the best thing to happen in the Dubuque economy in many years, of which hasn’t been all too bad anyway. But, with occasional reductions in workload at some of our larger manufacturing and industrial companies, or closings of any number of Dubuque restaurants and stores, this is a very welcome announcement!
How will this announcement affect Dubuque real estate? In the short term, after the initial euphoria settles down, the effect will be minimal. However, as jobs are filled, I look for an increasing demand on housing the greater Dubuque area. Now that doesn’t mean you should rush right out and buy everything in sight. You still need to, as always, proceed with proper care in any real estate transaction.
Future Home of IBM in Dubuque
Later today, look for updates with links direct from the Telegraph Herald (once it’s been posted online) and multiple other sources I find about the IBM announcement, EXCITEMENT!!!
7:40 AM UPDATE: Mike Van Milligan, Mike Blouin, and Sarah Harris Video Interviews in THOnline.com HERE
7:55 AM UPDATE: KWWL Video about the IBM Announcement HERE
8:00 AM UPDATE: KCRG Online Article confirming Culver Announcement HERE
9:35 AM Update: Yahoo! Tech article online HERE
9:55 AM Update: Wall Street Journal article HERE
9:55 AM Update: CHINA knows about IBM coming to Dubuque Here
10:00 AM Update: The Czech Republic knows about it HERE
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