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New Company Expected to Bring 26 Jobs to Pella

The Iowa Economic Development Authority board yesterday awarded direct financial assistance and tax benefits to four companies for job creation and expansion projects. The board approved assistance for planned or proposed projects located in Pella, Burlington, Sioux City, Mason City, Ames, Coralville, North Liberty, Iowa City and Osage. Castle Metal is a leading Dutch manufacturer of industrial washing machines, vending machines, speed gates for parking garages, cylinder entrances and stainless steel parts for milking robots. The company plans to open a new facility in Pella after being awarded $200,000 in direct financial assistance as well as tax benefits for this $3.2 million capital investment project that is expected to create 26 jobs.