Manufacturers Plan Expansion In Davenport, Des Moines and Urbandale, Iowa With State Incentives
11/20/2015
Companies receiving benefits include;
CharNor, a Davenport, Iowa, remanufacturer of forklift driveline components sold to forklift dealers, is proposing to relocate to a larger facility. The new building will address the need for substantial storage, which is currently handled offsite, as well as alleviate bottlenecks in current operations. The board awarded the project a $245,000 loan/forgivable loan through the High Quality Jobs Program to create 74 jobs, of which 49 are incented. The project has a capital investment of $570,000.
In Des Moines, EFCO is a vertically integrated manufacturer providing concrete and concrete support systems. Products produced in Des Moines are used in the construction of commercial high rise buildings, oil and energy applications, bridges and highways, utilities and water treatment and home building.
The proposed project consists of a new 154,000 square foot facility that will allow for additional production capacity. The expansion will also allow for the modernization of standard product manufacturing processes, resulting in productivity increases. The board awarded the project tax benefits through HQJ for the projected $11 million capital investment. The expansion will create 40 jobs and retain 88.
Fastpath is an Urbandale-based software development company specializing in audit, compliance and security solutions that enable organizations to automate audit processes. The proposed $175,000 expansion includes additional space for help desk support and a large application development team, allowing the company to more than double its workforce and position it for future growth. The project will create 12 jobs and was awarded tax benefits through HQJ.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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 CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024