Three companies have announced expansion plans in Dyersville, Oelwein and Williamsburg, Iowa. Combined, the projects are expected to create 586 jobs and result in nearly $48.8 million in capital investment.
A leading refrigeration manufacturer, Zero Zone Refrigeration, plans to lease a newly constructed 50,000 square foot building in Dyersville to manufacture refrigerated rack systems. The project represents a capital investment of $800,000 and was awarded a $200,000 forgivable loan and tax benefits through the High Quality Jobs (HQJ) program. It is expected to create 50 jobs, of which 34 are incented at a qualifying wage of $22.63 per hour.
The company offers refrigerated glass door display cases, multi-deck coolers and commercial refrigeration systems for the retail industry. For the industrial market, they provide refrigeration for cold storage, food processing, and biomedical facilities, as well as ice arenas.
Transco Railway Products, Inc., one of the nation’s leading independent providers of freight car repair, plans to purchase machinery and equipment to expand capabilities at its Oelwein facility. The project represents a capital investment of nearly $2 million and is expected to create 15 jobs at a qualifying wage of $17.78 per hour. The board awarded tax benefits through the HQJ program.
The company is one of the nation’s leading independent providers of freight car repair, modification and rebuilding services. In addition, they can provide a variety of contract services for customers’ railcar fleets.
A division of leading global automotive supplier Magna International, Williamsburg Manufacturing plans to add a new product line, which involves facility upgrades and the expansion of manufacturing processes, equipment and personnel. The board awarded this $46 million capital investment project a $250,000 forgivable loan and tax benefits through the HQJ program. It is expected to create 521 jobs, of which 58 are incented at a qualifying wage of $26.92 per hour.