Iowa Success Stories
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American Packaging Corporation specializes in flexographic printing and adhesive lamination of film. The company also fabricates pouches and bags with a variety of features. In an effort to grow its customer base and increase capacity, the company plans to purchase new equipment. American Packaging was awarded $62,500 in direct financial assistance as well as tax benefits from the IEDA for this $8.8 million dollar capital investment. The project is expected to create 20 jobs at a qualifying wage of $22.01 per hour. Read more.
Polaris Industries will be expanding its operations in Milford due to the demand for Polaris’ products. It will be expanding its Milford facility to transform a warehouse into an operation facility that will house assembly, weld and metal paint operations. The $10 million project received from IEDA direct financial assistance of $300,000 and tax incentives via the HQJP to create 150 jobs, 45 of which are incented at a qualifying wage of $15.21 per hour. Polaris Industries is a global leader in the power sports industry with manufacturing locations in Iowa, Minnesota, Wisconsin and Monterrey, Mexico. Polaris designs, engineers, manufactures, and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs), side-by-side vehicles, snowmobiles, motorcycles, and on-road electric/hybrid powered vehicles. Read more.
Echo Group, Inc.
Echo Group, Inc. is a holding company that operates 18 electrical product sales subsidiary locations in Iowa, Nebraska, Minnesota and South Dakota with a total employment of approximately 400. The company is proposing an $11 million capital investment project to relocate the company’s wholesale division to a 13-acre site in Council Bluffs. The project includes warehouse space, a large equipment/product storage area and a training center and administrative support services building in a campus setting. The Iowa Economic Development Authority (IEDA) awarded Echo Goup tax benefits through both the High Quality Jobs Program (HQJP) and the Targeted Jobs Withholding Tax Credit Pilot (TJWTC) pilot program to create and retain 117 jobs.
Gavilon Ingredients, LLC.
The company intends to construct an animal feed handling facility in Council Bluffs with attached storage and container loading terminal capabilities. The company was awarded tax benefits by the IEDA board to assist with this $4.5 million capital investment that will create 11 jobs, nine of which are incented. Gavilon Ingredients, LLC is a wholly owned subsidiary of Gavilon Agricultural Holding Company.
The company is planning to expand its prepared food facility in Council Bluffs that produces beef and pork products by installing new equipment. The $9.5 million capital investment project was awarded tax benefits by the IEDA board that is to result in the creation 139 jobs, of which 22 are incented. Tyson Fresh Meats, Inc. is a wholly owned subsidiary of Tyson Foods,
Lone Mountain Truck Leasing
Lone Mountain Truck Leasing is undertaking a proposed project would relocate the corporate office from Nebraska to Carter Lake to a new office campus that would consolidate truck maintenance operations and corporate offices. The company does truck/tractor sales and leasing activities and provides financing and maintenance services to owner-operators pursuing ownership of a semi-truck to operate their business. The project would have a capital investment of $1.3 million. The Iowa Economic Development Authority (IEDA) awarded Lone Mountain Truck Leasing tax benefits through the High Quality Jobs Program (HQJP) to create 39 jobs, 19 of which are at wage of $20.95 per hour.
JEDA Polymers, LLC headquartered in Naperville, IL, is a compounder of engineering thermoplastics with applications to the injection molding industry. IEDA awarded the company $120,000 in direct financial assistance as well as tax benefits for its plans to build a manufacturing facility in Dyersville’s new industrial park. The $3.2 million capital investment is expected to create 25 jobs, of which 21 are incented. A part of that investment may be for up to three micro-turbines.
Scranton Manufacturing primarily produces a variety of waste management trucks and trash compactors that are sold in both national and international markets. The company is planning to expand its current facility to accommodate new market demand. This $2.5 million capital investment was awarded $250,000 in direct financial assistance through the federally funded Economic Development Set-Aside (EDSA) program. The project is set to create 70 jobs, of which 50 are incented.
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