June 17, 2022 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEDA) Board approved awards for six Iowa companies, which will assist in the creation of 640 jobs and result in nearly $265 million in new capital investment for the state. These projects are located in Burlington, Cedar Rapids, Davenport, Hampton, Osage and Red Oak. The board also approved a grant through the Entrepreneurial Investment Award program.

Clarios to increase manufacturing capacity in Red Oak…
A leader in advanced energy storage solutions, Clarios, LLC develops, manufactures and distributes a portfolio of evolving battery technologies for vehicles. The company plans to increase its footprint in Red Oak by approximately 22,000 square feet for a new manufacturing line. The project represents a capital investment of $23.6 million and is expected to create 13 jobs at a qualifying wage of $21.40 per hour. The IEDA board awarded tax benefits through the HQJ program.

Rea about the other projects awarded funding from the Iowa Economic Development Authority, HERE.