Economic Development Board announced that they will create or retain an estimated 1,250 jobs with a capital investment (includes purchase price of land and buildings, site preparation, improvements to real property, building construction, and depreciable assets) of nearly $150 million, providing wide-ranging impact on the state’s economy.
Large Scale Manufacturing New to Sioux City
The Iowa Economic Development Board approved two projects to support a potential new TPI Composites’ manufacturing facility for wind turbine blades. TPI Composites, Inc. is a leading manufacturer of large-scale composite structures for the wind energy, transportation and military vehicle markets.
Major Expansion for Burlington Manufacturer
The Iowa Economic Development Board approved tax benefits from the Enterprise Zone program to incent 121 of the new and 327 of the retained jobs. This nearly $21 million capital investment project would be completed in phases through 2012.
Demand for Buildings Spurs Growth in Dyersville
The Board today approved a $750,000 award from the GIVFAP, that would support the construction of one and possibly two new manufacturing facilities and a showplace. This project would incent the creation of 85 new and 20 retained jobs in Dyersville. The company estimates the capital investment for this project to be $3.25 million and ultimate job creation/retention of up to 120 people.
New Technology Boosts Global Ethanol’s Profits
The Board approved an award of $250,000 from the GIVFAP value added agriculture component to support this project, estimated to have a capital investment of $2.68 million.
Expansion for Long Time Marshalltown Company
The project would also include the installation of a rail spur. The addition of the rail spur would allow the facility to handle both fresh and frozen pork produced at the adjacent Marshalltown plant.
Dubuque Start-Up Experiences Strong Growth
The board approved an award of $150,000 from the GIVFAP entrepreneurial component to support creation of 8 new and 2 retained jobs. The total estimated capital investment is $115,000 and project cost is estimated to be nearly $500,000. The company indicated that total job creation and retention will likely reach 14.
Manufacturer in Woodbine Expands
A remodel of part of their existing production facility and existing office space will be transformed into an engineering and test facility. These improvements are estimated to create 16 new jobs and a total capital investment of nearly $6 million.
Eddyville Company Upgrades and Gains Efficiencies for Global Competitiveness
An award of $85,000 from the Grow Iowa Values Financial Assistance Program (GIVFAP) and tax benefits through the High Quality Jobs Program (HQJP), to support a multifaceted project that would increase plant efficiencies, expand manufacturing processes and allow the company to penetrate new markets.
Pottawattamie County Expands Reach with New Warehouse
Bunge North America is considering building a new warehouse which would allow the company to maximize the flow of grain and material through multimodal channels.
For a more extensive list of the projects approved visit: http://www.iowalifechanging.com/documents/documents.aspx?id=3&idArticle=4706