Ad-Express and Daily Iowegian, Centerville, IA

March 22, 2013

Economic Development Board approves financial assistance for 14 companies, including one locating to Centerville

Daily Iowegian

DES MOINES — The Iowa Economic Development Authority board today awarded direct financial assistance and tax benefits to 14 companies for job creation, expansion and small business development projects. Today's awards will assist in the creation of 271 jobs, retention of 13 jobs and will result in over $85 million in new capital investment for the state.

IEDA awarded Shark Fin Shear Company, a professional beauty and dog grooming company that provides professional quality cutting and thinning shears and other related tools and accessories, currently located in New Jersey but plans to move the business to Centerville, $75,000 in direct financial assistance from the Economic Development Set-Aside Program to purchase land and build a warehouse and office space for the company’s operations. The project represents a $525,000 capital investment and is expected to create 15 jobs.

“Today’s awards demonstrate the importance of strategically integrated economic development tools that support the growth and development of businesses both large and small, new and existing,” said IEDA Director Debi Durham.   “We continue to leverage a small amount of public investment to create big results in communities statewide”.

Besides Centerville, the board approved assistance for planned or proposed projects located in Eddyville, Council Bluffs, Indianola, Clinton, Davenport, Iowa City, Roland, Clive, Ames, Johnston and Sioux City.