The Iowa Economic Development Authority (IEDA) Board recently approved awards for two companies, which will assist in the creation of eight jobs and result in $7.6 million in new capital investment for the state. These projects are located in Manchester and Sioux Rapids.
Storage provider to construct new facility in Manchester
A-1 Mobile Storage Service, LLC is a full-service provider of on-site mobile storage trailers, containers and ground level offices with capabilities to be relocated to various sites. The company plans to construct a new 60,000-square-foot facility in Manchester to consolidate into a single facility and allow fabrication to be completed inside. The project represents a $5.7 million capital investment and is expected to create eight jobs incented at a qualifying wage of $24.97 per hour. The board awarded the company tax benefits through the High Quality Jobs (HQJ) program.
Sioux Rapids ag manufacturer to replace flood-damaged equipment
Ranco Fertiservice, a 100% employee-owned company, manufactures dry fertilizer blending and handling equipment for ag fertilizer retailers. After being deemed inoperable as a result of the flooding this summer, the company plans to replace their equipment. The new equipment will bring production back in house at their Sioux Rapids facility, increase efficiencies and allow opportunities for employees to obtain new skills. The project represents a capital investment of nearly $2 million and was awarded a $500,000 grant through the HQJ program.