The Iowa Economic Development Authority (IEDA) Board has approved tax credits for four manufacturing companies, which will assist in the creation of 312 jobs and result in $62.9 million in new capital investment for the state.
These projects are located in Des Moines, Independence, Wapello and Webster City. The board also approved assistance for three startups in Ames and Coralville, along with a quality-of-life project in Cedar Rapids. In addition, IEDA recently approved assistance from Iowa’s State Small Business Credit Initiative (SSBCI) Innovation Acceleration Fund for startups in Ames and Cedar Rapids.
Geater Machining and Manufacturing Co. to grow in Independence…