The Iowa Economic Development Authority (IEDA) board today (Friday) awarded direct financial assistance and tax benefits to four companies for job creation and expansion projects. Among them was a logistics company that plans to acquire a site in Council Bluffs. XTL, Inc. is a leading customized logistics solutions provider that utilizes state-of-the-art robotic warehousing and inventory control for commodities and finished goods.

The company specializes in providing capacities to primary processors and employees in order to maximize on-site production while using off-site logistics resources. This $62 million capital investment project was awarded tax benefits through the HQJP to create 50 jobs, of which 16 are incented, at a qualifying hourly wage of $17.06.

Today’s awards will assist in the creation of 156 jobs, retain 89 jobs and will result in over $157 million in new capital investment for the state. The board also approved innovation funding to six startups.