Posted 23 June, 2026
The Iowa Economic Development Authority (IEDA) Board approved awards for two companies, which will assist in the creation and retention of 65 jobs and result in $51.5 million in new capital investment for the state. These projects are located in Independence and Newton.
Pries Enterprises to expand in Independence
Pries Enterprises, Inc. is a family-owned aluminum extrusion company that manufactures custom or standard aluminum profiles. The company plans to expand its facility in Independence with a 124,000-square-foot building to house new state-of-the-art equipment, increasing production capacity and capabilities with the addition of automation. The project represents a capital investment of nearly $34.5 million and is expected to create 43 jobs incented at a qualifying wage of $24.93 per hour. The board awarded $1,323,000 in tax credits through the Business Incentives for Growth (BIG) program.
AU Solutions to locate new facility in Newton
AU Solutions is a chemical manufacturer for the agriculture industry, providing products such as adjuvants, inert packages, biologicals, turf and ornamental, and micronutrients. The company plans to construct a new facility in Newton to support continued growth and improve service to Midwest customers. It will be the only other manufacturing facility outside the headquarters in Tulsa, Oklahoma. The $17 million capital investment project is expected to create 22 jobs, of which 12 are incented at a qualifying wage of at least $29.98 per hour. The board awarded $495,000 in tax credits through the BIG program.