The Iowa Economic Development Authority board today awarded four Business Incentives for Growth tax credits and assistance for six startups.
The Business Incentives for Growth, or BIG, program helps qualifying businesses offset costs related to locating, expanding or modernizing a facility in Iowa. The program targets key industries including advanced manufacturing, bioscience, insurance and finance, and technology.
Electrical Power Products will receive $2 million in tax credits through the BIG program. Electrical Power Products manufactures engineered-to-order electrical power control and protection systems for utility, power infrastructure and data center customers, according to a news release…