48 jobs may come to Dubuque as local company expands - KWWL - Eastern Iowa Breaking News, Weather, Closings

48 jobs may come to Dubuque as local company expands

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DUBUQUE (KWWL) -

The Iowa Economic Development Authority announced Friday it approved awards to support the creation of as many as 88 jobs.

Forty-eight of those jobs could be in Dubuque.

Rockfarm Holdings is an East Dubuque, Ill. logistics company that, "has exhausted the available office space" at its current location, according to an Iowa Economic Development Authority news release.

Rockfarm Holdings is evaluating a corporate facility in Dubuque's Technology Park. The Iowa Economic Development Authority board awarded the company $336,600 in direct financial assistance, plus tax benefits, for what would be a $2.1 million capital investment expected to create 48 Dubuque jobs.

Another company that received awards was Diamond V in Cedar Rapids.

The company produces nutritional products "that optimize digestive function and nutrition critical to animal and aqua health, productivity, efficiency and profitability," according to the release.

Diamond V plans to add 56,000 square feet to its manufacturing facilities, allowing increased production of existing and newly developed fermentation products.

The Iowa Economic Development Authority board awarded the company tax benefits for the $30 million capital investment. The project is expected to create 17 jobs.

The third company is Almaco in Nevada.

Almaco designs and manufactures precision agricultural machinery used for global agriculture research. The company plans to expand its operations, and the Iowa Economic Development Authority board awarded the company $150,000 in direct financial assistance, plus tax benefits, for the $1.3 million capital investment, which is expected to create 23 jobs.

"Businesses that consider coming to or expanding in Iowa recognize the value of partnerships aimed at expanding economic opportunity and success," IEDA Director Debi Durham said in the release. "Investments announced today will lead to new growth in our communities and new jobs for Iowans."

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