IEDA Board approves assistance to two companies
For more information contact:
Ms. Kanan Kappelman
515.348.6248
Email: communications@iowaeda.com
IEDA Board approves assistance to two companies
November 18, 2022 (DES MOINES, IA) – Today, the Iowa Economic Development Authority Board approved two awards for companies in Clinton and Dubuque, which will assist in the creation of 33 jobs and result in more than $143 million in new capital investment for the state.
Pet food producer to expand Clinton 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. In Clinton, Purina produces various dry pet food and snacks. This project includes the construction of a 90,000-square-foot building to support an expansion at the facility. The project represents a $110 million capital investment and is expected to create 15 jobs incented at a qualifying wage of $19.57 per hour. The board awarded the company tax benefits through the High Quality Jobs (HQJ) program.
Trucking company plans new corporate headquarters in Dubuque
McCoy Group, LLC is a private family-owned company started in 1958. The McCoy Group has a diverse set of businesses ranging from 26 Freightliner heavy/medium truck dealerships, 16 John Deere Construction and Forestry dealerships and a Bulk Transportation division that operates at 40 locations across the U.S. and Mexico. The company plans to construct a new 78,000-square-foot corporate headquarters on its 11.5-acre campus in Dubuque. The board awarded the company tax benefits through the HQJ program. The more than $33 million direct capital investment is expected to create 18 jobs, of which 12 are incented at a qualifying wage of $26.56.
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Download a spreadsheet with today's awards here.
