Author: admin Published: July 16th, 2010
The Iowa Department of Economic Development awarded five Iowa companies, located in Coralville, Fort Madison, Iowa City, LeClaire and Sioux City, a Grow Iowa Values Financial Assistance Program grant. The grants were awarded to support increased production and business growth in Iowa.
Fort Madison
Siemens Energy, Inc., in Fort Madison recieved $180,000 to support the extension of rail spur to service Siemens. This $1,350,000 project will extend an existing rail spur to provide capacity for an additional 15 rail cars. The improvement is anticipated to expand the number of blades Siemens could competitively produce by 660 annually and increase current competition distribution radius by 1,500 miles.
LeClaire
Mississippi River Distilling Company, in LeClaire, is a start-up company that plans to be the first micro distillery in Iowa to focus specifically on the production of small batch, handmade vodka, gin and bourbon manufactured from locally grown grains. The Board approved a $95,000 award from the value added agricultural component of the GIVFAP to assist with the costs related to the production of the liquors.
Coralville
J & J Solutions, Inc. of Coralville is a start-up company launched in 2008. They manufacture medical devices that optimize the safe handling of hazardous medication, such as chemotherapeutics, used to treat cancer patients. The Iowa Economic Development Board approved an award of $250,000 from the entrepreneurial component of the GIVFAP to support the development of this new product. The company expects to create 15 new jobs and retain three to support this new product line.
Iowa City
Responsible Transportation of Iowa City is a startup company that has been awarded $25,000 for technical assistance from the entrepreneurial component of the GIVFAP to conduct a feasibility study, plan for plant development, perform export analysis, engineering building design, and website design for their new company. The company intends to become the first pound for unwanted horses serving the Midwest.
Sioux City
Industrial Design Fabrication & Installation, Inc., (IDFI) currently located in Moville, is looking to lease a larger building in Sioux City to accommodate the company’s expansion, including additional equipment and employees. The Board approved an award of $125,000 from the GIVFAP and Enterprise Zone tax benefits to support the creation of nine new and 16 retained jobs.
Tags: business, business growth, Economy, IDED, iowa companies
Category Environment, Jobs & Economy |
Author: deanfiihr Published: June 15th, 2010
As part of Iowa’s continued effort to help small businesses, the Iowa Department of Economic Development Board announced Iowa Demonstration Fund awards and business expansion awards.
Environmentally Friendly Shipping Solutions in West Burlington
The Iowa Economic Development Board awarded West Burlington company, Green Line Amour, a $75,000 Iowa Demonstration Fund award to develop the Green Line Armor Hybrid Sustained Use Pallet, or SUP.
Identifying Environmental Efficiencies for Energy Companies in West Des Moines
Statistics & Control (S&C) is a full-service control engineering company based in West Des Moines, Iowa offering a broad range of services. The board awarded S&C $75,000 from the Iowa Demonstration Fund to increase its exposure in the oil and gas industry.
New Job Opportunities in Medical Equipment in Iowa City
Jim’s Instrument Manufacturing, Inc. collaborates with researchers from educational, corporate, and quasi-government agencies in the design and production of medical instruments, and general fabrications for use in industrial applications.A $61,000 Iowa Demonstration Fund Award was approved by the Board, which will allow the company to expand its market share, offer sustainable employment opportunities to qualified highly-skilled staff, as well as new positions to apprentice tradesmen.
New Mobile Application Launch in Des Moines
Des Moines’ BitMethod is a web-service driven application development firm focused on building interactive applications delivered on multiple platforms. BitMethod plans to use the $50,000 Iowa Demonstration Fund awarded today by the board to launch their new application Knych.
Hybrid/Electric Vehicle Technology Developments in Iowa City
Celadon Applications, LLC is a provider of products for the hybrid and electric vehicle industry headquartered in Iowa City, IA. The Iowa Economic Development Board awarded $85,000 from the Iowa Demonstration Fund for marketing efforts targeted to a vehicle-embedded version, and later, directly at consumers, including a cell phone application and a standalone device similar to a Garmin.
Advanced Law Enforcement Technology in Des Moines
ASTRUM LLC (ASTRUM) in Des Moines received a $150,000 Iowa Demonstration Fund Award from the board to market and receive product certification for their product STARS™ (Structural Tactical Acoustic Receiver and Sender). STARS™ combines intelligence gathering and wireless communication capabilities for use by civilian law enforcement.
Decorah Company to Develop Unique Sports Brace in Iowa
Decorah’s Draz Athletics LLC produces athletic and therapy products assisting thousands of athletes at all ages and levels, in 30 sports, to perform better. The IDED Board awarded $40,000 from the Iowa Demonstration Fund to Draz Athletics LLC to build the brace domestically using an Iowa based manufacturer and components.
Wind Turbines for Suburbs Developed in Ankeny
Stirling Wind Systems manufactures and plans to commercialize the Vertical Axis Wind Turbine (VAWT). The $150,000 Iowa Demonstration Fund awarded will go towards the production of the demonstration systems needed for public research collection, produce two final revisions of the prototypes for 3rd party certification and patent generation, and additional manufacturing and marketing costs.
The Economic Development Board’s support for three Iowa companies expanding operations.
Large investment in Modernization for Waterloo Company
The John Deere Foundry in Waterloo will undergo an estimated $100 million modernization. When completed, the investment will allow the company to leverage more advanced casting designs and manufacturing technologies. The Iowa Economic Development Boards approved tax credits from the High Quality Jobs Program for retention and modernization.
Advance in Value-Added Ag Products in Council Bluffs
Southwest Iowa Renewable Energy, LLC (SIRE), an ethanol producer in Council Bluffs, plans to install corn oil tricanter equipment (“Tricanter”) using innovative technology that will allow the plant to recover corn oil at the completion of the ethanol process. The Board awarded the company $300,000 from the Grow Iowa Values Financial Assistance Program, Value-Added Agriculture Component and tax benefits through the High Quality Jobs Program.
State of the Art Value-Added Ag Technology in Keokuk
Roquette America, Inc., headquartered in Keokuk, is a manufacturer of value-added ingredients from corn serving the food, beverage, confectionery, pharmaceutical, personal care, animal food, and industrial markets. The IDED board awarded Roquette tax benefits through the High Quality Jobs Program (HQJP) to support this project with an estimated capital investment of $41,500,000.
Tags: Economic Development, IDED
Category Jobs & Economy |
