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.
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.
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.
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.
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.
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.