The Iowa Economic Development Authority (IEDA) Board, Friday (today) approved awards for three legacy companies, which will assist in the creation of 150 jobs and result in more than $145 million in new capital investment for the state. These projects are located in Eddyville, Dubuque and Lime Springs. The board also approved innovation funding in support of five startups located in Washington, Ames, Red Oak and Des Moines. 

Locally, a Startup Award went to JBI Distributors, based in Red Oak. The company services the poultry industry in the areas of biosecurity, animal welfare and innovation. The company has created specific applicators (farm technology) to better apply disinfectants in barns and facilities to curtail issues associated with bacteria and virus outbreaks, such as salmonella. JBI was awarded a $100,000 loan from the Demonstration Fund, primarily for key personnel and equipment.

Award recommendations for these funds are made by the Technology Commercialization Committee to the IEDA Board for approval. For information on the other awards, click here: https://www.iowaeconomicdevelopment.com/newsDetail/6679