Three companies have announced expansion plans in Dyersville, Oelwein and Williamsburg, Iowa. Together, the projects are expected to create 586 jobs and result in nearly $ 48.8 million in capital investment.
One of the leading manufacturers of refrigeration products, Zero Zone Refrigeration, plans to lease a newly constructed 50,000 square foot building in Dyersville to manufacture refrigerated rack systems. The project represents a capital investment of $ 800,000 and obtained a forgivable loan of $ 200,000 and tax benefits under the High Quality Jobs (HQJ) program. It is expected to create 50 jobs, 34 of which are incentivized with allowable wages of $ 22.63 per hour.
The company offers glass-door refrigerated display cases, multi-level coolers and commercial refrigeration systems for the retail industry. For the industrial market, they provide refrigeration for cold stores, food processing and biomedical facilities, as well as ice rinks.
Transco Railway Products, Inc., one of the nation’s leading independent freight car repair providers, plans to purchase machinery and equipment to expand the capabilities of its Oelwein plant. The project represents a capital investment of nearly $ 2 million and is expected to create 15 jobs at an eligible wage of $ 17.78 per hour. The council has granted tax benefits under the HQJ program.
The company is one of the nation’s leading independent providers of freight car repair, modification and rebuilding services. In addition, they can provide a variety of contractual services for customer car fleets.
A division of leading global automotive supplier Magna International, Williamsburg Manufacturing plans to add a new product line, which involves facility upgrades and expansion of manufacturing processes, equipment and personnel. The council granted this $ 46 million investment project a forgivable loan of $ 250,000 and tax benefits under the HQJ program. It should create 521 jobs, 58 of which are incentivized with an eligible wage of $ 26.92 per hour.