Iowa Economic Development Awards Incentives to Encourage Manufacturing In Des Moines, Boone, Council Bluffs and Cass County
02/01/2016
Electrical Power Products, Inc. is a manufacturing company located in Des Moines that provides complete power management systems for commercial and utility industries for power generation, transmission and distribution. The board awarded the company tax benefits through the High Quality Jobs program for a project that includes the construction of a new 184,000 square foot facility. The facility will allow the company to grow and operate the integrated control enclosure portion of the business. This $14.7 million capital investment will be built by Electrical Power Products’ parent company, Electro Management Corp. The project is expected to create seven jobs.
Glycerin Group dba KemX Global is a startup company that is planning to set up operations in Boone, Iowa. The company will produce pharmaceutical-grade glycerin and non-GMO cooking oils. KemX products will have over 5,000 uses in the food, agriculture and bio-based chemical industries and the company’s customer base will include large chemical companies in the food and agriculture industries. The board awarded KemX tax benefits from HQJP for this $27 million capital investment that is set to create 41 jobs.
In Council Bluffs, US Pipe, originally incorporated in 1899 as United States Cast Iron Pipe and Foundry Company, manufactures ductile iron pipe and related fittings, valves and gaskets for the water and wastewater industry. Through US Pipe Fabrication, US Pipe also manufactures coated, fabricated and lined pipe used in wastewater treatment facilities. US Pipe has 11 operational locations coast-to-coast as well as international manufacturing operations. The proposed project includes the rehabilitation and upgrading of a dormant facility in Council Bluffs, formerly owned by Griffin Pipe, which was purchased by US Pipe in February 2014. The company received tax benefits through the Targeted Jobs Withholding Tax Credit program for this $22.5 million capital investment that is set to create 144 jobs.
Farmers Energy Cardinal is proposing to construct and operate a 150 million gallon per year, dry-mill corn ethanol plant in Cass County. The board awarded the project a sales tax refund to create 49 jobs. The project will result in a capital investment of $189.9 million.
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024