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IEDA announces awards for projects that will create 407 jobs


IEDA announces awards for projects that will create 407 jobs
BY BUSINESS RECORD STAFF
Monday, July 19, 2021 10:43 AM
The Iowa Economic Development Authority has awarded more than $8 million in incentives to five companies for projects that will create more than 400 jobs.
The IEDA board also announced innovation funding for two startups during its meeting on Friday.
Industrial and farm equipment manufacturer Vermeer Corp. in Pella was awarded more than $2.2 million in tax refunds and credits for a planned project, including the construction of a new parts distribution facility at its Pella campus. The project represents a capital investment of nearly $44 million.
According to IEDA documents, the project is needed to accommodate growth and to separate parts and aftermarket support from the manufacturing process, helping to increase overall efficiency in the operation. ....

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