IEDA Board approves assistance for two established companies, three startups and two community projects

March 21, 2025 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEDA) Board approved awards for companies established in Ankeny and Cedar Rapids, which will assist in the creation of 16 jobs and result in $72.7 million in new capital investment for the state. The board also approved assistance for startups in Ames, Coralville and Fairfield. In addition, a project in West Branch received a Community Attraction and Tourism (CAT) grant and an event in Polk County received a Sports Tourism Marketing grant. IEDA recently approved assistance from Iowa’s State Small Business Credit Initiative (SSBCI) Innovation Fund for a startup in Clive.

Mrs. Clark’s Foods to expand in Ankeny

Mrs. Clark’s Foods manufactures liquid food products including juices, salad dressing, mayonnaise and barbecue sauce, distributing them nationally and internationally. The company plans to construct a 90-000-square-foot building and purchase new equipment to accommodate an additional line. The project represents a $25.7 million capital investment and is expected to create 12 jobs, of which one is incented at a qualifying wage of $35.71 per hour. The board awarded the company tax benefits through the High Quality Jobs (HQJ) program.

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Originally published by the Iowa Economic Development Authority in March 2025.