Sioux County, Iowa — A Sioux County company was one of several companies approved for awards by the Iowa Economic Development Authority.
IEDA spokesperson, Kanan Kappelman, talks about the Sioux County company that won an award to expand its business.
(As above) “Originating as Post Equipment Company the company expanded to create Ironwood 53. It is a manufacturing company that creates auger flighting for agriculture and earth-boring for other vendors,” she says.
The company has seen increased demand and plans to build a new facility adjacent to its current location in Sioux County. The 22-million dollar project was awarded tax benefits — and is expected to create 16 jobs. A West Des Moines company was awarded state benefits to help it expand.
(As above) “Innovative Injection Technologies is headquartered in West Des Moines and they manufacture injection molded components for the agricultural, industrial, automotive and recreational markets,” Kappelman says.
The expansion will allow them to increase their capacity to meet the demand.
(As above) “The project is expected to create 60 jobs, and represents a ten million dollar capital investment,” Kappelman says.
Kappelman says First Capitol Baking Company was awarded tax benefits to help in the purchase and remodel of a building in Burlington.
(As above) “First Capitol Baking Company is a subsidiary of East Baking company and it is the single largest supplier to the prison system. And they manufacture obviously, bakery items.”
The company plans to purchase new equipment and a solar roof as part of the renovation.
(As above) “This project represents a two-point-two-five million dollar capital investment — and it is expected to create 20 new jobs,” she says.
Centro was awarded tax incentives for an expansion in eastern Iowa. The company makes equipment using plastic molds.
(As above) “Specifically, equipment that is used in agriculture, construction, and the lawn and garden industries. They plan to acquire a building in Cascade, and it will be a new building and it will also represent their fourth location in Iowa.“
The company has promised to create 24 jobs. An Iowa City ag-related company also received state benefits.
Underground Magnetics in Johnson was awarded state incentives as it plans to construct office and warehouse space in Johnston. The company designs, markets, and sells locators for horizontal directional drilling. The project represents seven-point-two million dollar capital investment and is expected to create five jobs.
