IEDA Board approves assistance for three established companies
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Staci Hupp Ballard
515.348.6245
communications@iowaeda.com
IEDA Board approves assistance for three established companies
December 15, 2023 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEDA) Board approved awards for three companies, which will assist in the creation of 192 jobs and result in nearly $82 million in new capital investment for the state. These projects are located in Council Bluffs, Iowa City and Rock Valley.
Acadia Healthcare to construct new facility in Council Bluffs
Acadia Healthcare Company, Inc. offers behavioral health services, supporting patients in 39 states with over 250 treatment facilities. The company plans to construct a new 71,000-square-foot facility to provide resident care, specialized care and outpatient programming. The project represents a $64.5 million capital investment and is expected to create 144 jobs, of which 54 are incented at a qualifying wage of $26.35 per hour. The board awarded tax benefits through the Targeted Jobs Withholding program.
Austrian company to build training facility in Iowa City
Alpla, Inc., an Austrian company subsidiary, is an international leader in plastic packaging systems and bottles with operations in 46 countries. The company plans to build a learning and development facility adjacent to the existing Iowa City plant to support their newly developed apprenticeship program. The project represents a capital investment of nearly $13 million and was awarded tax benefits through the High Quality Jobs (HQJ) program. It is expected to create 36 jobs, of which six are incented at a qualifying wage of $30.65 per hour.
Kooima Ag to expand in Rock Valley
Kooima Ag, Inc. is an independent manufacturer of replacement parts for ag equipment machinery manufacturers. The company plans to expand their Rock Valley facility to accommodate growth, including both warehouse and production space. The project is expected to create 12 jobs, of which 11 are incented at a qualifying wage of $24.77 per hour. It represents a $4.5 million capital investment and was awarded tax benefits through the HQJ program.
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Download a spreadsheet with today's awards here.
