Iowa officials approve .1 million for Italian auto parts maker in Akeny
State officials agreed Friday to give an Italian auto parts maker $1.1 million in incentives for its new Ankeny complex, boosting total public inve...
May 22, 2023
10:54 PM
State officials agreed Friday to give an Italian auto parts maker $1.1 million in incentives for its new Ankeny complex, boosting total public investment to nearly $4 million. The Iowa Economic Development Authority board approved a $200,000 forgivable loan and $930,000 in tax credits and rebates for SPAL USA, which makes fans and fluid pumps for vehicles. The company, which already operates a warehouse and sales office in Ankeny, will build a new U.S. headquarters and factory in the Des Moines suburb.
Tyler Jett