Dave DeWitte, CR Gazette –
A Peosta company that makes tracks for outdoor equipment and snowmobile garments is planning an expansion that will create 23 jobs.
Camoplast Rockland was awarded $168,000 in direct financial assistance Friday Friday from the Iowa Economic Develoment Authority for its plans to move to a larger building and buy new equipment.
The $2.4 million project will help the company retain 32 jobs in addition to the new jobs created.
Tactical 8 Technologies LLC of Cedar Falls was awarded state assistance for an expansion into Des Moines that will create 23 new jobs.
Tactical 8 is a financial Web strategy and personalized services firm. The company was awarded $120,000 in direct assistance.
The authority also approved $45,000 in direct assistance and tax benefits through the Enterpise Zone program to Metal Tech Industries Inc., Iowa Falls.
Metal Tech’s proposal calls for adding manufacturing space, equipment, and product testing. The $2.4 million investment also will upgrade its present quality system and provide employee training. It is expected to create nine jobs.
The state incentives are expected to aid in creation of four of the nine jobs and the retention of four jobs.
The awards were announced by the authority Friday.
“This is an exemplary representation of the statewide business expansion and investment that is taking place in communities throughout Iowa,” Gov. Terry Branstad said in prepared remarks. “I am encouraged by the economic activity and new job opportunities announced today. We must continue to build upon these successes to support economic growth in the state.”