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News
NICC
Approves $10.7 Million in
New
Jobs Projects
Posted 26 May 2009
At the Northeast Iowa
Community College Board of Trustees meeting, Ken Vande Berg, Vice
President of Economic Development Services, asked the board to set a
public hearing for the proposed issuance of $10,750,000 in Industrial
New Jobs Training Certificates. NICC is recognized as a leader in the
state for its economic development efforts. “Our staff actively works
with new or expanding businesses so they are able to take advantage
of this funding,” stated Vande Berg. “Since 1985, we have been directly
involved in the issuance of new jobs training certificates worth over
$55 million that have directly led to the creation of over 12,000 new
jobs in northeast Iowa.”
The trustees approved four final 260E Industrial New Jobs Training
Agreements that will comprise part of that issuance.
Oelwein-based companies Ashley Industrial Molding, Inc., and Abraxis
BioScience are being approved for an estimated issuance of $870,000 and
$175,000 respectively. Ashley plans to add 125 new jobs to Oelwein’s
workforce and Abraxis will add an additional
17 positions. Two additional final agreements were approved for
Engineering Services and Products Company of Dyersville and
International Business Machines, Inc., (IBM) of Dubuque. Engineering
Services will add 50 new jobs for an estimated issuance of $370,000 and
IBM will add 650 jobs by the end of this
year for an estimated issuance of $7,450,000.
Addendums were also approved for job training agreements with Kunkel,
Bounds & Associates, Inc., Sedgwick Claims Management Services of
Dubuque and Pattison Sand Company, LLC, of Fayette. Kunkel, Bounds will
add eight jobs for an estimated issuance of $60,000 and Sedgwick will
add 51 new jobs for an estimated issuance of $255,000. Likewise, the
Fayette-based company plans to hire 49 additional employees over the
next few months for an estimated issuance of $490,000. | | |
