Cedar Rapids, Iowa News, Sports, and Weather
Board Approves Financial Aid to Business Projects
DES MOINES, Iowa (AP) Three business projects that the state says will help create nearly 100 jobs have been approved by the Iowa Economic Development Authority Board.
The board approved the projects during a telephonic meeting Thursday.
The board granted a $200,000 low-interest loan to help Simonsen Iron Works expand its fabrication plant in Spencer.
Tax benefits were approved for Hydrite Chemical Co. to expand its Waterloo plant.
And the board approved $500,000 in direct financial aid as well as tax benefits for Submittal Exchange to create 91 more jobs at its West Des Moines facility. The company provides web-based software for the commercial construction industry.