The Iowa Economic Development Authority board this morning approved incentives that will support construction a new Flexsteel Industries manufacturing facility in Dubuque and the arrival of an Illinois company to the city.
Flexsteel last week announced plans to invest $28 million in a new facility in Dubuque Industrial Center South.
Board members today signed off on $1 million direct financial assistance for the Flexsteel project, as well as tax credits totaling $1.04 million.
The awards are contingent on the retention of at least 200 full-time permanent employees, according to state documents. The company now employs 218 workers at its facility at 3400 Jackson St.
The direct financial assistance is contingent on the demolition of the Jackson Street facility and mitigation of environmental conditions by November 2019.
State officials also green-lighted assistance for Galena software company Wave Reaction's impending expansion to Dubuque. The company tracks and manages reusable containers used by manufacturers.
The IEDA board approved $45,000 in direct financial assistance and $79,300 in tax credits for the project.