Timberline Manufacturing will have access to more than $200,000 in state incentives for an expansion it has planned in Marion.
The company, which makes circuit board assemblies and control panels for a range of industries, wants to build a larger production and office space at 1029 Blairs Ferry Rd.
The 85,000-square-foot building would about double Timberline’s production space and have room for an additional 13,500 square feet of space should Timberline need it, the company has said. The site also is directly next to its current home in Marion.
On Friday, the Iowa Economic Development Authority Board approved providing Timberline with a sales, service and use-tax refund worth $222,000.
In exchange, Timberline has to guarantee to create 56 jobs, six of which must pay at least $24.91 an hour. The company currently employs about 165 people in Marion.
The city of Marion also is expected to provide tax-increment financing incentives to Timberline.
Timberline expects to spend about $12.8 million on the project.
In addition to Timberline, the Authority Board also approved the following:
• Loans to two Cedar Rapids-based start-ups. Swinetech, developing a device to reduce piglet deaths, received a $100,000 loan. Stratafolio, a platform to sort commercial property data, received a $25,000 loan.
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• $460,000 in tax credits and refunds to Meredith Corp. in Des Moines. The magazine publisher, which recently purchased Time Inc., plans to move jobs from New York to Des Moines and remodel its headquarters.
• $230,880 in tax credits and refunds to Advanced Heat Treat Corp. in Waterloo. The company plans to add 15,000 square feet to its current plant and add 12 jobs.
• $521,451 in withholding credits to Frank Millard and Co. in Burlington, which will expand its manufacturing plant. Frank Millard will add 49 jobs.
• About $1.6 million in tax credits and refunds to Medline Industries in Dubuque. Medline plans to build a new 130,000-square-foot customer service center and add 105 jobs.
• $274,726 in withholding credits to Sioux City Brick and Tile Co., which will construct a new corporate office building. The company has to retain 16 jobs to get the incentives.
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