IBM excites colleges in the Tri-states - KWWL - Eastern Iowa Breaking News, Weather, Closings

IBM excites colleges in the Tri-states

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By Lauren Squires

DUBUQUE (KWWL) - Thursday IBM announced it's planning to open a new technology service center in downtown Dubuque. The move would bring 1,300 jobs to Eastern Iowa; up to 400 of those by June.

The new service center would bring $58.5 million in payroll to the area with the average salary of $45,000.

With such a large number of job opportunities in Dubuque, local colleges are looking forward to IBM's big move.

It's been said that never on a cold day would ibm come to Dubuque. Which is ironic considering Thursday's cold temperatures broke a 121-year record low.

But the announcement of IBM's move to Dubuque has local college's buzzing about the possibilities.

After months of searching IBM choose dubuque. They say not only because of the hard-working attitudes of people here but also because of their access to higher education.

With at least seven colleges -- including Clarke, Loras, the University of Dubuque, Northeast Iowa Community College and the University of Wisconsin Platteville -- IBM hopes to provide internship and job opportunities for students.

And it's that very possibility that has college presidents excited for the future.

"To have a new entity like IBM come into town, it's an opportunity for us to exploit our internship opportunities as well as great opportunities for use to provide possibility of students staying in Dubuque," said Loras College president, Jim Collins.

IBM's move could also move along a plan to renovate Dubuque's famous Warehouse District.

Thursday afternoon local colleges met with IBM to discuss developing the connections for students.

The deal is contingent on some $50 million in incentives from the city and state.

The incentives package includes about $5.6 million from the city of Dubuque & nearly $14 million from the state.

IBM's total investment is estimated to be close to $120 million.

Online reporter: Lauren Squires

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