The Iowa Economic Development Authority last week approved financial incentives for three companies, including a Des Moines business that plans to add 60,000 square feet to its facility.

The IEDA board voted Friday to grant awards to Electrical Power Products in Des Moines, Frontier Cooperative in Benton County and Sukup Manufacturing Co. in Worth County.

The board awarded Electrical Power Products $106,669 in investment tax credits and $139,978 in sales, service and use tax refunds. The company plans to expand its Des Moines facility by 60,000 square feet to house its parent company, Electro Management Corp. 

The company provides power management systems for generation, transmission and distribution to customers throughout the United States and Canada. It plans to create two jobs at a wage of $26.54 per hour. 

The project, estimated at $5.5 million, also will receive more than $1 million in a tax increment finance rebate from the city of Des Moines. The city plans to provide a 50% TIF rebate until the agreement expires in 2035, documents from IEDA show.

The board also approved more than $300,000 in tax credits for Frontier National Products Co-op, which supplies organic herbs and spices to natural food stores and specialty shops throughout the U.S. and Canada.

Frontier plans to expand its warehouse by 22,000 square feet, creating 24 jobs, four of which will pay $27.84 per hour. It also plans to add bottling lines and fillers, IEDA documents show.

According to documents, Frontier will also receive a five-year, sliding scale tax exemption totaling $153,000 from Benton County.

The estimated cost of the project is $7.3 million.

Sukup Manufacturing Co. in Worth County was awarded $141,984 in investment tax credits, and more than $23,000 in sales, service and use tax refunds to expand a warehouse in Manly.

According to IEDA documents, Sukup plans to buy land and add 24,000 square feet of metal building space that would house at least five machines.

Sukup is the world’s largest family-owned and -operated maker of grain storage and drying equipment and steel buildings.

The project, estimated at $4.7 million, would create 10 jobs that pay $19.09 per hour, IEDA documents show.