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University of Iowa, Iowa State shatter external funding records, despite pandemic
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Eco Lips and Pet Food Inc Expand in Cedar Rapids and Dubuque, Iowa
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IEDA board awards tax credits to pet food maker, lip care company
BY MICHAEL CRUMB, Senior Staff Writer Friday, December 18, 2020 4:46 PM The Iowa Economic Development Authority today approved tax credits to a pet food maker in Dubuque and a lip care products maker that wants to move to Cedar Rapids.
Combined, the companies plan to create more than 280 jobs that pay between $20 and $24 an hour.
The IEDA board approved $3.3 million in tax credits for Simmons Pet Food Inc, as well as an $800,000 forgivable loan.
According to board documents, the company is the biggest manufacturer of pet food in the country, making both dry and wet food for dogs and cats and dog treats.
Iowa Economic Development Authority issued a five-year, $2.9 million grant for the University of Iowa’s IIHR-Hydroscience and Engineering program Friday morning to assist rural communities in wastewater management.
The grant will specifically go toward the Iowa Wastewater and Waste-to-Energy Research Program Innovation Center and Tech Park to “hasten solutions for rural Iowa communities where municipal wastewater treatment costs stifle local economic vitality,” according to the project summary submitted to IEDA.
Instruments and building costs will account for $2.25 million of the funding. Another $625,000 will go to service contracts, and $50,000 will go toward indirect faculty and administrative costs.
The IWWERP Innovation Center is located at Iowa City’s municipal water resource recovery facility.
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