The Iowa Economic Development Authority Board has approved awards for nine established companies, which will assist in the creation of 216 jobs and result in almost $103 million in new capital investment for the state, two of the nine from here in the southeast corner of the State.
Mid-Am Building Supply was awarded tax benefits through the HQJ program to construct a new facility in Mount Pleasant. Operating in Mount Pleasant since 1984, Mid-Am Building Supply is a “two-step” building material distributor that sells building materials to lumber yards and big box stores throughout the Midwest, with five warehouses in four states. Representing a capital investment of just over $8.6 million, It is expected to create eight jobs, of which two are incented at a qualifying wage of $17.70 per hour.
Also receiving tax benefits was Bazooka Farmstar in Washington, who manufactures manure handling equipment for customers throughout the U.S. and Canada. They plan to construct a 37,500 square foot expansion at their facility to accommodate a new paint booth and wash bay. The $6 million capital investment project is expected to create 30 jobs at a qualifying wage of $20.92 per. hour.