IEDA Board approves projects from five established and two startup companies in Iowa
July 16th, 2021 by Ric Hanson
July 16, 2021 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEDA) Board approved awards for five established companies, which will assist in the creation of 407 jobs and result in nearly $132 million in new capital investment for the state. These projects are located in Fort Dodge, Knoxville, Nevada, Pella and Shenandoah. The board also approved innovation funding in support of two startups located in Des Moines and DeWitt.
In this area: Pella Corporation expands product capacity at Shenandoah location…
Pella Corporation designs, tests, manufactures, and installs quality windows and doors for new construction, remodeling and replacement applications for home and commercial markets. The company plans to consolidate the manufacturing of their popular wood window line to their Shenandoah location, which will require the purchase and installation of equipment. The board awarded this $5.6 million capital investment project a $200,000 forgivable loan through the HQJ program. It is expected to create 120 jobs incented at a qualifying wage of $20.58 per hour.
Pella Corporation designs, tests, manufactures, and installs quality windows and doors for new construction, remodeling and replacement applications for home and commercial markets. The company plans to consolidate the manufacturing of their popular wood window line to their Shenandoah location, which will require the purchase and installation of equipment. The board awarded this $5.6 million capital investment project a $200,000 forgivable loan through the HQJ program. It is expected to create 120 jobs incented at a qualifying wage of $20.58 per hour.
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