Innovative Injection Technologies, an Iowa manufacturer of custom plastic injection molded components for a number of industries, today was awarded tax incentives by the Iowa Economic Development Authority board for a $10 million warehouse expansion project in West Des Moines. The project is expected to create 60 jobs, of which 12 are incentivized at a qualifying hourly wage of $26.67.

The award to the West Des Moines company was of 10 financial incentives awarded by the IEDA board during its monthly meeting. The board approved awards for seven established companies, which will assist in the creation of 179 jobs and result in almost $105 million in new capital investment for the state, the agency said in a news release. Those projects are located in Burlington, Cascade, Iowa City, Johnston, Nevada, Rock Valley and West Des Moines.

The board also approved innovation funding in support of three startups located across the state. Those companies are Classroom Clinic in Carroll, which offers school-based telehealth services to rural school districts; Deetz, a tech startup based in Cedar Rapids whose platform shows people what is happening around town in real time; and FBB Biomed, a biotech company in Iowa City that develops intellectual property to measure and control ribonucleic acid associated with disease severity.

Other Central Iowa companies that received funding included Underground Magnetics Inc. The Johnston company designs, markets and sells locators for horizontal directional drilling. The company plans to build office and warehouse space in Johnston with Blue Tree, a holding company. The project represents a $7.2 million capital investment and is expected to create five jobs, of which four are incentivized at a qualifying wage of $26.57. The board awarded the project tax benefits through the High Quality Jobs tax credit program.

In Story County, biorefinery company Verbio North America plans to purchase equipment to integrate ethanol production at its Nevada plant alongside the renewable gas production within the existing facility. The project will reduce its carbon footprint and enhance its position within low-carbon fuel standard markets. The project represents an $80 million capital investment. It is also expected to create 48 jobs, of which 33 are incentivized at a qualifying wage of $27.07. The board awarded the project tax benefits through the HQJ program.

See a spreadsheet of all the March project awards.