WebFilings received $5 million in direct financial assistance from the Iowa Economic Development Authority (IEDA) to further grow its presence locally. In addition, the company received tax benefits related to a $15.5 million expansion of their Ames offices that is expected to create 700 jobs over the next 5 years. “The State of Iowa has been a long-time supporter of WebFilings,” said Matthew Rizai, the company’s Chief Executive Officer. “This is just one of the reasons why we have chosen to scale our software company in Ames. [The] award is another example of Iowa’s commitment to growing quality jobs,” added Rizai.
Global innovator, 3M, manufactures an array of products from electronic devices to industrial equipment. The The Iowa Economic Development Authority board awarded the company $1.2 million in tax benefits to purchase and install equipment to manufacture products that perform much better than products currently on the market. Process and productivity improvement activities over the past few years will allow the facility to consolidate some processes in order to free up space for the additional manufacturing. This $24 million capital investment is expected to create 75 jobs, of which 63 are incented. To learn more about 3M, visit their website.
United Suppliers, based in Eldora, Iowa, is opening offices in Ames, Iowa bringing with them 60 jobs - 30 retained and 30 new - and a capital investment totaling $3 million. They are a wholesale organization owned by agricultural retailers who do business throughout the Midwest. United Suppliers provides their owners with reliable, convenient and timely supply of crop protection and crop nutrient products as well as customized business solutions. To learn more about United Suppliers, visit their website.
California-based, Solum, Inc., a leader in advanced field measurement technology for commercial agriculture, announced plans to expand in Iowa to better serve its growing customer base in the Midwest. Solum’s technology combines high resolution field measurements with farm specific knowledge to create a new level of insight for crop producers. “We knew Solum would be a great fit in Ames,” said Dan Culhane, Ames Chamber of Commerce and Economic Development Commission (AEDC) President and CEO. “We have a track record of attracting new and innovative companies who are considering Iowa, and we’re pleased to be supporting Solum’s growth plans.” To read more about Solum and their move to the Midwest, click here.
Information technology company Rural Soluxions, LLC is opening offices in Ames, IA, creating 20 new jobs. They intend to open in October 2011 and start hiring during the first 30 to 60 days. Software testing and quality assurance services for existing and future clients of Xpanxion, LLC will be their main focus. Xpanxion is a software services development company which has been in business for 13 years with headquarters in Alpharetta, Georgia; it also has offices in Kearney and Loup City, NE, and Pune, India. Click here to read the full media release.
Flint Hills Resources announced that it will open a new office in Ames, Iowa, that will provide up to 20 new jobs. The new regional office will house operations, human resources and purchasing departments to support four newly acquired Flint Hills ethanol plants located throughout Iowa. The Ames office will be operational April 1, 2011 and will focus on supporting the company’s ethanol facilities in Iowa through corn purchasing and selling throughout the state. To read the full article, click here.
A $61,000 forgivable loan from the Ames City Council to a business in the Iowa State University Research Park could facilitate an expansion that would create 20 new jobs with an average salary of $78,800... Boehringer Ingelheim Vetmedica will apply for financial assistance from the Iowa Department of Economic Development to expand its Health Management Center in Ames, as well as facilities in Fort Dodge and Sioux Center. The expansion in Ames would be on additional leased space at the research park. To read more of this article, click here.
Web Filings LLC, a software developer, was formed in August 2008 and has opened an operations center in the Iowa State University Research Park. The company is developing a Web based application to automate and improve the drafting process of Securities Exchange Commission (SEC) filings for public companies. While the company is headquartered in the Silicon Valley, WebFilings chose Ames for the company’s operations center. Several WebFilings founders were familiar with the Ames community from their previous experience with Engineering Animation Inc. and knew Ames was the right place to find the employees with the skills needed for their new company. The company already employs over 30 professionals and plans to create in excess of 60+ additional jobs in the next number of months. WebFilings hopes to hire several hundred professionals in marketing and customer service over the next 4 years in Ames. The Iowa Department of Economic Development, City of Ames, Ames Economic Development Commission, and other local investment groups see the possibilities in WebFilings and have awarded and invested over $1 million dollars.WebFilings understands that the Ames community has the right quality workers which are required to be part of a new and growing company.
Ag Leader Technology, Inc., a recent recipient of a 2008 Value-Added Agricultural Products and Processes Financial Assistance Program (VAAPFAP) and High Quality Jobs Creation (HQJC) program from the Iowa Department of Economic Development (IDED), plans to add at least 58 employees to its Ames-based company over the next three years, with a potential of up to 80 new jobs. The company currently employs 155 in the Ames facility, which includes management and administration, research & development, manufacturing, and packaging/shipping functions. Additionally, Ag Leader is planning a 98,000-square foot addition to its already 54,000-square foot premises in Ames, where the company manufactures and distributes precision farming hardware and software systems. This $6-million facility expansion is expected to begin in March 2008 with occupancy in December 2008. Watch a video, courtesy of KCCI, or read more about Ag Leader's plans for expansion.
In the United States, 86% of homeowners landscape, while 28% of those homeowners use mulch. Over the past 10 years, the demand for colored mulch in landscaping has seen exponential growth, starting from zero and becoming 12% of the U.S. mulch market.
Colorbiotics, a Becker Underwood business unit formed by Jeff Becker and Roger Underwood in 1982, is capitalizing on this growing market. The company is the largest manufacturer of landscape coatings in the world and its products can be used to add color to mulch, sand, and aggregate used in landscape applications.
Because of rapid growth, Becker Underwood recently announced plans to build a new 140,000 square foot building to house the Colorbiotics business unit. The $11 million expansion will create 26 new jobs.
Phasient Learning Technologies, a recent recipient of a 2007 CEBA loan from the Iowa Department of Economic Development, plans to add 26 employees to its Ames-based company over the next three years, more than tripling the size of the company.
Phasient provides high-quality eLearning products and services to corporate clients such as Pioneer Hi-Bred International, Intermec Technologies, GuideOne Insurance, and Kemin Industries.
One of the nation's largest players in the biodiesel industry announced they will locate their corporate headquarters to Ames. The Renewable Energy Group will move their corporate operations from Ralston, Iowa to Ames and grow their current workforce of 70 people to nearly 300 by 2010.
According to the company, the move will put REG closer to research partners at Iowa State University and business partners including the construction and engineering company Todd & Sargent. The company's anticipated investment in Ames is expected to be over $2 million.
Quality Attributes Software, Inc. (QAS), a software application developer for the Intelligent Building and Renewable Energies Industries, is located in Ames. Through the help of the Ames Community Development and CEBA program, QAS has completed several large projects this year including public libraries, hotels, universities, and even the world's largest home improvement retailer, The Home Depot. QAS has gained national recognition and exposure through these many projects.
Sauer-Danfoss, Inc. with three locations in Ames, continues to make significant progress with their latest expansion project. Due to relocating some operations from its Kansas facility, as well as experiencing overall growth, the company is increasing its Ames-based employment by more than 25% and making many facility improvements. Sauer-Danfoss is using the $2.2 million incentive package it received from the Iowa Department of Economic Development, the City of Ames, and the AEDC to help fund the expansion.
Sauer-Danfoss has hired more than 165 new employees and has invested more than $1.5 million in facility improvements. The company plans to hire more than 100 additional employees. The large majority of the new expansion jobs are production operators and machining technicians within its production facility, with the remaining positions in engineering, finance, IT, HR, and sales.