On Friday, the Iowa Economic Development Authority (IEDA) Board approved awards for four companies, including Weiler in Knoxville.
Weiler plans to build a 16,100-square-foot expansion to its facility in Knoxville and invest in additional machinery and equipment, allowing for additional capacity to produce more parts in house. The project represents a $16.8 million capital investment and is expected to create 171 jobs, of which 89 are at a qualifying wage of $25.86 per hour. The board awarded the company a $400,000 forgivable loan and tax benefits through the high quality jobs program.
Other awards were presented to companies in Marshalltown and Cedar Rapids.