Posted 24 March, 2025
The Iowa Economic Development Authority (IEDA) Board approved awards for companies 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.
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.
Ingredion to construct new facility in Cedar Rapids
Ingredion is an ingredients solution company that makes sweeteners, starches, nutrition ingredients and biomaterials used in everyday products from foods and beverages to paper and pharmaceuticals. The company plans to construct a new 9,000-square-foot facility with electrical upgrades and additional equipment for a corn starch dryer, storage and bulk loading process that will serve to meet the growing demand for plant-based products. The project represents a $47 million capital investment and was awarded tax benefits through the HQJ program. It is expected to create four jobs incented at a qualifying wage of $32.64 per hour.