A young Iowa City company that has developed software products for educators has been awarded $100,000 by the Iowa Economic Development Authority Board.
Pear Deck has developed a platform built on Google Drive that lets teachers quickly create interactive presentations and formative assessments. The company’s initial customers are school districts or teachers that use Gmail as their email provider.
Pear Deck plans to use the award from the Iowa Innovation Acceleration Fund to hire key personnel.
Two other Eastern Iowa businesses received state financial assistance.
Krato of Keokuk was awarded a $75,000 loan to hire managerial expertise.
The company is developing natural, non-toxic and highly effective solutions for pest control.
Krato’s technology involves using a combination of natural plant oils for controlling bedbugs.
CPM Acquisition Corp. of Waterloo was awarded tax benefits through the state’s high quality jobs program to create a job and retain a job at a qualifying wage of $19.13 per hour.
CPM Acquisition designs and manufactures particle preparation equipment for the biomass, animal feed and food/industrial processing markets. The company is proposing a project in Waterloo to invest in its test center, including pilot-scale particle conditioning, grinding, sizing and agglomeration applications.
The project will double the size and increase the test center’s capacity and is expected to have a capital investment of $715,000.