(Radio Iowa)The Iowa Economic Development Authority Board has approved economic incentives for a Norway-based company that wants to expand its operations in the state.
IEDA spokesperson Kanan Kappleman says Frontier Natural Products is getting tax incentives. “They are planning to expand their Bell Plaine facility. And the company is a cooperatively owned wholesaler of natural and organic herbs, spices, and essential oil products,” she says. The expansion will add 90,000 square feet. “For additional production and warehouse capacity. The project represents a capital investment of just over 30 million dollars, and is expected to create 16 jobs,” Kappleman says.
The ADR Axels company, headquartered in Milan, Italy got incentives to help build its North American headquarters in Iowa. “The company manufactures axles, braking systems, and suspensions for agricultural and industrial machines. The company is actually planning to locate at the Perry Industrial Park,” she says. Kappleman says it is an investment of more than $14 million. “The IEDA board awarded them tax benefits. The project is expected to create 35 jobs,” she says.
The Board awarded Dickinson County a $500,000 dollar tourism and attractions grant for the Clay County Connection Project. “This includes the construction of a 3.5 mile addition to the Spine Trail. So once the trail is complete, the 32 mile trail corridor will link three counties in two states and eight municipalities,” she says. ” So it will be part of the Iowa Great Lakes connection, a popular trail system.”
Kappleman says the City of Grinnell won a tourism and attractions grant of $343,000. “To construct a Veterans Memorial Monument in the plaza. So the 40-foot steel structure representing an American flag is a unique art feature for the city’s park and downtown area and will be incorporated into community celebrations,” Kappleman says.
The IEDA board also awarded a sports tourism grant for an event. “The Des Moines Metro Disc Golf Club was awarded just over $6,000 for the three-day Disc Golf Pro Tour, which will host 160 of the world’s top players and over 300 amateur participants,” she says. Kappleman says the disc golf events have been growing in popularity.
