April 22, 2022 (DES MOINES, IA) – The Iowa Economic Development Authority (IEDA) Board, today (Friday) approved awards for four Iowa companies, which will assist in the creation of 75 jobs and result in over $84 million in new capital investment for the state. The projects are located in Farley, Shenandoah, Templeton and Lee County. The board also provided final approval on two reinvestment district plans for Fort Dodge and Urbandale/Des Moines.

Green Plains constructs new technology plant in Shenandoah
A subsidiary of Iowa’s Green Plains, Inc., Green Plains Shenandoah, LLC is expanding its focus on value-add agricultural technology, and will create diverse, non-cyclical, high margin feed ingredients, specialty alcohols and renewable feedstocks for the renewable diesel industry. The company plans to construct its Clean Sugar Technology plant adjacent to its biorefinery in Shenandoah, which will produce low carbon dextrose. The board awarded this $50 million capital investment project a $250,000 forgivable loan and tax benefits through the HQJ program. It is expected to create 12 jobs incented at a qualifying wage of $21.78 per hour.

Templeton Rye Spirits to expand Templeton warehouse
Templeton Rye Spirits, LLC produces Templeton Rye whiskey. The company plans to expand its warehouse facilities in Templeton for long-term barreling. The project is expected to create three jobs, of which two are incented at a qualifying wage of $22.63 per hour. It was awarded tax benefits through the HQJ program and represents a capital investment of $13.6 million. 

Read more about the other projects HERE.