July 21, 2023 (DES MOINES, IA) – Today (Friday), the Iowa Economic Development Authority (IEDA) Board approved awards for four companies, which will assist in the creation of 226 jobs and result in nearly $45 million in new capital investment for the state. These projects are located in Eldridge, Nevada, Osage and Story City.

The board also approved innovation funding in support of five startups located in Ames, Cedar Rapids, Denison and Slater. Earlier this week, IEDA approved assistance from Iowa’s State Small Business Credit Initiative (SSBCI) for an innovation startup in Coralville.

MOD Advisor, Inc., headquartered in Denison, was awarded a $100,000 Demonstration Fund loan for IP development and evaluation, proof of concept work, product refinement, key personnel and market planning and entry activities.

MOD Advisor, Inc. automates the process of performing workers’ compensation experience mod analysis. This software helps businesses make an instant decision on claims with a more efficient and simplified real-time analysis between policyholder, broker and carrier.