IEDA Board approves assistance for two established companies
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Ms. Kanan Kappelman
515.348.6248
communications@iowaeda.com
IEDA Board approves assistance for two established companies
February 16, 2024 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEDA) Board approved awards for two companies, which will assist in the creation of 76 jobs and result in nearly $200 million in new capital investment for the state. These projects are located in Fort Dodge and Shell Rock.
Pet food producer to expand Fort Dodge facility
Nestle Purina PetCare Company is a subsidiary of Nestle S.A. and is headquartered in St. Louis, Missouri. Purina manufactures pet care products, including pet food, snacks and cat litter products. The company plans to construct an 80,000-square-foot expansion to their facility in Fort Dodge with the purchase of machinery and equipment to install a new product line. The project represents a $175 million capital investment and is expected to create 50 incented jobs at a qualifying wage of $21.74 per hour. The board awarded the company tax benefits through the High Quality Jobs (HQJ) program.
Feldmeier Equipment to construct new Shell Rock facility
Feldmeier Equipment manufactures stainless steel tanks and pressure vessels and provides custom fabrication services. The company plans to build a new 130,000-square-foot facility to bring additional manufacturing capabilities, which will move product lines from the New York location to Shell Rock. The project represents a capital investment of nearly $23 million and was awarded tax benefits through the HQJ program. It is expected to create and retain 26 jobs, of which 25 are incented at a qualifying wage of $26.64 per hour.
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Download a spreadsheet with today's awards here.
