IEDA Board approves tax incentives for four companies and grants for manufacturing investments

April 17, 2026 (DES MOINES, IA) - Today, the Iowa Economic Development Authority (IEDA) Board approved tax credits for four manufacturing companies, supporting the creation of 87 jobs and generating $100.8 million in new capital investment for the state. The projects are located in Des Moines, Mediapolis, Waterloo and Webster City. In addition, 39 manufacturers across the state received Manufacturing 4.0 Technology Investment grants.

Walsh Door & Security to add office space, automated equipment in Des Moines
Walsh Door & Security manufactures commercial doors, frames, hardware and electronic security solutions, serving large-scale construction projects across sectors including data centers, education, government and manufacturing. The company plans to expand its Des Moines facility with additional office space and investments in advanced manufacturing equipment. The $8.8 million capital investment is expected to create 30 jobs incented at a qualifying wage of $35.11 per hour. The board awarded $440,000 in tax credits through the Business Incentives for Growth (BIG) program.

Mediapolis manufacturer Afinitas plans expansion
HawkeyePedershaab Concrete Technologies Inc., doing business as Afinitas U.S. Inc., manufactures equipment for precast concrete products such as pipe, manholes and box culverts. The company plans a 30,000-square-foot addition in Mediapolis, along with facility reconfiguration and new automated machining and material handling systems. The $12 million capital investment is expected to create 15 jobs incented at a qualifying wage of $25.88 per hour. The board awarded $600,000 in tax credits through the BIG program.

Advanced Heat Treat Corp. to increase manufacturing capacity in Waterloo
Headquartered in Waterloo, Advanced Heat Treat Corp. provides commercial heat-treating services for manufacturing sectors, including agriculture, automotive, oil, energy and construction, improving the strength, durability and wear resistance of steel parts before they are assembled into finished equipment. The company plans an 18,000-square-foot expansion at its Burton Avenue site, including installation of a new furnace line with double the weight capacity and greater size capabilities to process larger parts. The $5 million capital investment will support growth at the facility. The board awarded $93,000 in tax credits through the BIG program.

Edible Garden to launch beverage production in Webster City
New Jersey-based Edible Garden AG Incorporated - a controlled environment agriculture company focused on organic, sustainably grown products and a Zero-Waste Inspired® approach to reducing food and packaging waste - plans to convert an existing facility in Webster City into a high-capacity beverage plant. Repurposing a former aquaculture shrimp facility, the project will produce shelf-stable, ready-to-drink plant- and dairy-based protein beverages through automated processing. The $75 million capital investment is expected to create 42 jobs, with 22 incented at a qualifying wage of $25.15. The board awarded $2.66 million in tax credits through the BIG program.

FY 2026 Manufacturing 4.0 funding awarded to 39 manufacturers
The Manufacturing 4.0 Technology Investment Program aims to enhance productivity, efficiency and competitiveness in Iowa's largest industry. The grants help small- and mid-size Iowa manufacturers invest in the adoption and integration of smart technologies. For this fiscal year, 39 companies received funding for a total of $1,977,066 in awards and total project cost of nearly $6.7 million. The total project cost reflects the total capital invested across these projects to adopt and integrate Manufacturing 4.0 technologies. For a full list of awards, download the Excel spreadsheet with the Manufacturing 4.0 awards.

Award recommendations for the Manufacturing 4.0 Technology Investment Program funds are made by a review committee to the IEDA Board for approval.

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Download: Excel spreadsheet with today's BIG awards.