DES MOINES (AP) — Several business expansions and new business startups received state incentives Friday from the Iowa Economic Development Authority.
General Mills Inc. plans a $58 million project to convert 10,000 square feet of warehouse space in Cedar Rapids to a food-manufacturing area. The Minneapolis-based company was approved for a $200,000 loan, $3.2 million in state tax credits and $85,000 in Alliant Energy tax rebates. The project would create 41 jobs.
Loffredo Fresh Produce Co. is proposing to build a $7 million food processing facility in Norwalk, creating six jobs. The Des Moines-based food distributor is building the facility for fresh-cut produce and perishable food. The firm was approved for up to $401,000 in tax credits.
Carter Lake steel fabricator Owen Industries, which is proposing a $34 million project to build a factory adding 16 jobs, was awarded a $50,000 loan and $2 million in tax credits.
Hardi North America, which makes agricultural sprayers, plans to spend $2.1 million to build a manufacturing plant in Davenport and create 24 jobs. And FEH Associates, an architectural and structural engineering company, will create four jobs as it opens a new office in Sioux City in a rented facility. Both companies received tax incentives.
Three new companies also were given funds by the board:
» AccuGrain of Rose Hill will get $35,000 to help commercialize patented grain measuring X-ray technology developed at Iowa State University.
» RAMDO Solutions of Coralville was awarded a $100,000 loan to buy equipment and to help it refine and market computer-aided engineering software developed at the University of Iowa.
» MAKO Enterprises of Johnston received a $125,000 loan to help develop and market a tool used for leveling new concrete.
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