Two Northwest Iowa Firms Receive Funds, Tax Benefits From State

Date posted - October 20, 2012

Des Moines, Iowa — The Iowa Economic Development Authority approved financial help for six companies Friday. Among those six were two in northwest Iowa.

The Sioux Center-based Interstate Companies plans to buy and remodel a building and move its operations there with 225-thousand dollars in direct assistance from the state and tax benefits. The project is expected to create 45 jobs.

The Interstates Companies, based in Sioux Center since its inception in 1953, has grown into the electrical construction, engineering, instrumentation and factory automation and controls market on a national level for industrial clients. The move is an effort to accommodate growth and expand the services offered. The project is a $1.5 million capital investment.

Iowa Drying and Processing in Sibley is getting 150-thousand dollars to start up its company.

Iowa Drying and Processing is a start-up company based in Sibley that will be drying and processing ingredients for the food and feed industries. IDP will be serving a number of customers who produce and distribute food and animal feeds and the ingredients used to make them. The money is to lease and renovate a vacant facility and procure equipment. This $1.3 million capital investment is expected to create 30 jobs.

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