But to get a large grant, you have to do big things. That’s exactly what Quatro Composites is doing. Company officials say the way airplanes are built is changing. Metal used to be used in a number of applications. In many of those applications, the industry is switching to carbon-fiber composite material. That’s Quatro’s specialty.
They have a contract with Boeing to supply stowage bin fittings for their new 787 Dreamliner, so they’re planning a $13 million expansion.
The expansion is planned to be 40,000 square feet, and would go directly to the east of the current facility. They’ll also need to double their workforce and hire nearly 100 new workers at an average wage of $19.28 per hour.
The $1.8 million grant award from the Iowa Economic Department Authority will support Quatro’s facilities expansion and job creation.
Molly Sitzmann, Quatro Director of Sales and Marketing, says this will lead to an economic boost for Iowa’s economy.