TPI is awarded state loan to aid restart of operations at Newton
23 Jan 2025
news, manufacturing
TPI Composites Inc., the Scottsdale, Ariz.-based wind turbine blade manufacturer, will receive financial assistance from the state for a $3.2 million project to restart production at its Newton facility that’s been closed since 2021.
The Iowa Economic Development Authority board voted today to award the subsidiary TPI Iowa LLC a $500,000 forgivable loan on a five-year contract that, according to a project report from the state agency, will aid the company’s plan to restart two production lines that previously produced wind blades and created 320 jobs.
More Topics
Prairie Meadows 2025 Grant Applications are Open
Jan 22 2025Prairie Meadows is now accepting grant applications for its 2025 Community Betterment Grant, Legacy Grant, and Youth Sports and Recreational Grant programs. The application deadline for these three grant programs is 5 p.m. on Friday, February 28, 2025.Through its three grant programs, Prairie Meadows supports Iowa nonprofit organizations that support...
The Colfax Economic Development Corporation received a $1.7 million grant from Iowa’s Child Care Business Incentive Grant Program for the Colfax Child Care Center. The Grant Program is designed to help employers offer or expand childcare options as a benefit to their employees. The Colfax Center was one of 13 programs...
Every invention starts with a problem that needs solving, and in rural communities across the country, innovation has transformed neighborhoods, businesses, and cultural life. “Spark! Places of Innovation,” a traveling Smithsonian exhibition, highlights how small towns have overcome challenges with creativity and ingenuity. The exhibition will be on display at...
