State Incentives Assist Three Iowa Firms With $39 Million In Capital Expansion Plans
10/20/2014
“Our commitment to create jobs is stronger than ever," said Governor Terry Branstad. "From Sioux City to Dubuque, these projects demonstrate that we are staying true to our pledge to continue moving Iowa forward toward economic prosperity.”
The incentives awarded today went to companies in the areas of financial services, food processing and advanced manufacturing. “We appreciate the investments made by these companies. We look forward to working with them as they prosper and create more jobs and benefit from Iowa’s attractive business climate," said IEDA director Debi Durham.
Firms receiving incentives include;
Kunkel and Associates, an insurance consulting firm providing innovative insurance services to commercial accounts and their employees, plans to expand its operations center in Dubuque, Iowa. The board approved direct financial assistance as well as tax benefits through the High Quality Jobs Program for the company’s proposed building expansion. The project has a capital investment of $2.4 million and will create 18 jobs.
MCF Operating, doing business as Mrs. Clark’s Foods, manufactures fruit and vegetable juices, salad dressings and other sauces. The company is proposing an expansion of its plant in Ankeny, Iowa. The proposed $7.3 million project includes the construction of a 69,000 sq. ft. facility for warehousing and refrigeration. The board awarded the company tax benefits through HQJ to create 13 new jobs.
Finally, Trinity Industries in Sioux City, Iowa, provides industrial products and services ranging from railcars, inland barges, storage containers, and aggregates to highway products, structural wind towers, railcar parts and railcar leasing and management services. The company plans to establish a new operating facility in Sioux City to provide railcar maintenance, railcar re-manufacturing and railcar services. The board awarded the company tax benefits through the Targeted Jobs Withholding Tax Credit program to create 250 new jobs. The project represents a $29.5 million capital investment.
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023