Iowa Development Board Incentives Assist Three Companies
02/21/2019
According to IEDA officials, these awards will assist in the creation of 286 jobs and will result in more than $74 million in new capital investment for the state.
In West Des Moines Sammons Financial Group and its subsidiaries, Midland National Life Insurance Group and North American Company for Life and Health Insurance, plans to build a new 200,000 square-foot office, which will serve as a headquarters for local employees.
The board awarded this $65 million capital investment tax benefits via the High Quality Jobs program. The project is expected to create 125 jobs.
In Albia, outdoors company AWOL Outdoors, Inc., doing business as CAMP365, plans to construct an approximately 25,000 square-foot manufacturing facility in the South Albia Industrial Park.
The board awarded CAMP365 direct financial assistance and tax benefits for this project from the HQJ program. This $3.5 million capital investment is expected to create 156 jobs in rural Albia.
Marshalltown, Iowa, manufacturer RACOM Corporation sustained significant damage in a July 19, 2018, tornado. The company plans to leverage unique provisions within the HQJ program to rebuild and position itself for growth. In a first-of-this kind disaster relief assistance via HQJ, the board awarded this $6.3 million capital investment project tax benefits. The project is expected to create five jobs.
Project Announcements
Northern Ireland-Based Almac Group Expands Souderton, Pennsylvania, U.S. Headquarters
08/16/2022
STOBER Drives Expands Maysville, Kentucky, Manufacturing Complex
08/15/2022
Duluth Trading Company Plans Adairsville, Georgia, Distribution-Fulfillment Center
08/12/2022
Oldcastle APG Establishes Suffolk, Virginia, Manufacturing Complex
08/12/2022
Milwaukee Tool Opens West Bend, Wisconsin, Manufacturing Plant
08/12/2022
LP Building Solutions Expands Sagola Township, Michigan, Operations Complex
08/12/2022
Most Read
-
In Focus: “Golden Age” of Spec Development
Q3 2022
-
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
In Focus: Demand for Industrial Land Surges
Q2 2022
-
Explosive Growth of Life Sciences Sector Comes with Challenges
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Using Robust Project Controls to Enhance Project Management
Q3 2022