May 15, 2026 (DES MOINES, IA) — Today, the Iowa Economic Development Authority (IEDA) Board approved tax credits for five manufacturing companies, supporting the creation of 521 jobs and generating nearly $400 million in new capital investment for the state. The projects are located in Cedar Rapids, Charles City, Milford, Montezuma and Butler County. The board also approved assistance for four startups in Ames, Audubon and Des Moines. In addition, projects in Des Moines and Dickinson County received Community Attraction and Tourism (CAT) grants.
In Audubon, Hope Innovations LLC, is developing a reusable medical applicator designed to improve comfort and ease of use for women receiving certain long-term therapies related to menopause care. The product is intended to replace traditional single-use plastic applicators with a more durable, hygienic and user-friendly option.
Hope Innovations was awarded a $50,000 Proof of Commercial Relevance (POCR) loan, to support steps needed to bring the product to market. Project activities include product refinement, manufacturing improvements, intellectual property development and marketing efforts to support commercialization and future growth.
More information on the other awards and tax breaks, is available here: https://t.e2ma.net/click/aowhxk/awy8dg/ezr8k7
