Posted 24 March, 2026
The Iowa Economic Development Authority (IEDA) Board approved assistance for two manufacturing companies, which will assist in the creation of 26 jobs and result in $5.38 million in new capital investment for the state. These projects are located in Adel and Waverly.
Refreshments Manufacturers of Iowa to establish beverage production facility in Adel
Refreshments Manufacturers of Iowa is a startup company focused on producing ready-to-drink canned cocktails and premium nonalcoholic mocktails for regional and national distribution. The company plans to acquire a 4.57-acre site in Adel and construct a 10,000-square-foot manufacturing facility where beverages will be mixed, canned and packaged under the brand Offline Cocktails. The $3.82 million capital investment is expected to create eight jobs, with three incented at a qualifying wage of $35.54 per hour. The board awarded $121,162 in tax credits through the Business Incentives for Growth (BIG) program.
United Equipment Accessories Inc. to expand operations in Waverly
Founded in 1952, United Equipment Accessories Inc. is a family-owned manufacturer of slip rings, rotary unions and hose and cable reels for industrial applications. The company plans to purchase a 33,400-square-foot industrial facility in Waverly and invest in site improvements, equipment relocation, new production equipment and assembly and test automation to support future growth. The $1.56 million capital investment is expected to create 18 jobs, including four incented at a qualifying wage of $28.52 per hour. The board awarded $32,310 in tax credits through the BIG program.