Lake Park, IA (KICD)–A Lake Park company has received $60,000 in direct financial assistance and tax benefits from the Iowa Economic Development Authority.
Northern Iowa Die Cast is proposing a $2.7 million expansion project at their current facility that will add 12,600 square feet of manufacturing, operations and office space. General Manager Jeff Skalbeck tells KICD News they are doing well and need to expand their production floor.
The funding will go towards the creation of 18 new jobs, of which 10 are incented with a qualifying wage of $14.63 per hour. Currently there are 93 people employed at Northern Iowa Die Cast.
Skalbeck talks about why they are in a position to grow.
Northern Iowa Die Cast was founded in 1938 and manufactures, assembles and paints aluminum and zinc die castings for original equipment manufacturers, including John Deere. The company’s products are shipped to customers in eight states and four foreign countries.