Melissa is an exceptional partner in regional economic development. Her ability to coordinate seamlessly with Alliant Energy ensures that Winnebago and Worth counties are always positioned for growth. She is proactive, deeply knowledgeable, and highly collaborative- bringing her into a project early is a guarantee that things will move forward efficiently and successfully.
— Chad Hansen , Alliant Energy
IEDA Board approves assistance for four manufacturers, three startups and a quality-of-life project
17 Jul 2026
News
The Iowa Economic Development Authority (IEDA) Board approved tax credits for four manufacturing companies, which will assist in the creation of 312 jobs and result in $62.9 million in new capital investment for the state. These projects are located in Des Moines, Independence, Wapello and Webster City. The board also approved assistance for three startups in Ames and Coralville, along with a quality-of-life project in Cedar Rapids. In addition, IEDA recently approved assistance from Iowa’s State Small Business Credit Initiative (SSBCI) Innovation Acceleration Fund for startups in Ames and Cedar Rapids.
Electrical Power Products to expand Des Moines manufacturing campus
Electrical Power Products (EP²), a Flex company, manufactures engineered-to-order electrical power control and protection systems for utility, power infrastructure and data center customers. To support growing customer demand, the company plans to expand its existing Des Moines campus by approximately 420,000 square feet. The expansion will increase fabrication, assembly and wiring capacity, strengthening its Iowa manufacturing operations and supporting future growth. The $42 million capital investment is expected to create 200 jobs, with 150 incented positions at a qualifying wage of $31.54 per hour. The board awarded $2.01 million in tax credits through the Business Incentives for Growth (BIG) program.
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