State Money Approved For Northwest Iowa Projects

Date posted - August 23, 2015

Des Moines, Iowa — The Iowa Economic Development Authority (IEDA) board on Friday awarded direct financial assistance and tax benefits to a variety of companies with the promise of more jobs and expanded facilities. I-E-D-A spokesperson Tina Hoffman, says Cambridge Technologies, which is part of the Prairie Holdings Group of companies located in Worthington, Minnesota won assistance from the state of Iowa for a northwest Iowa facility that will make animal health care products.
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(as she says)”They are going to establish a new production facility up in Sioux Center. They received benefits through the High Quality Jobs Program today, both direct financial assistance as well as tax benefits. And this project is going to create 39 jobs,” Hoffman says.

The company received 67-thousand-500 dollars and tax benefits for an 820-thousand dollar capital investment.

(as she says)”This is a really great project that’s going to create a fair number of jobs in the bio-sciences arena, so exactly the kinds of jobs that we are looking for,” according to Hoffman.

Nine of the jobs in Sioux Center will have a wage of 20-dollars, 77 cents an hour. Also in northwest Iowa, Wells Enterprises in Le Mars was awarded tax benefits to upgrade its South Ice Cream Plant.

(as she says)”They’re going to make a 19-point-three million dollar capital investment, install a new multi-product production line, add some additional equipment. And this project will create 19 additional new jobs up in Le Mars,” Hoffman says.

Eleven of the 19 new jobs will have a wage of nearly 21 dollars an hour.

Several other projects in the state also were awarded funds, including the privately-owned parent company of the Kum & Go convenience store chain. They won state tax benefits to move their headquarters.

Story from Radio Iowa

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