(Sibley)—A start-up company in Sibley is getting some financial assistance from the state.
The Iowa Economic Development Authority board today (Fri.) awarded $150,000 in financial assistance to assist Iowa Drying and Processing in leasing and renovating a vacant facility and to procure equipment. The $1.3 million capital investment is expected to create 30 jobs.
The company will specialize in drying and processing ingredients for the food and feed industries. IDP will serve a number of customers who produce and distribute food and animal feeds and the ingredients used to make them.
The board today awarded assistance to five other companies, including one in Sioux Center. The others are located in other areas of the state.
Officials with the Iowa Economic Development Authority Board say the awards announced today (Fri.) will assist in the creation of 112 new jobs and $15.8 million of new capital investment to the state.
