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Mt. Pleasant Facility Receives Financial Assistance from State Board

Posted: Saturday, April 29th, 2017 at 4:26 pm
Author: KCII News - Sam McIntosh

A rubber and plastics technology facility in Mt. Pleasant has been approved for expansion with new job creation. The Iowa Economic Development Authority board awarded ContiTech USA, Inc. $325,000 in direct financial assistance and tax benefits for the company to expand the current facility in Mt. Pleasant. It will house the company’s additional product lines. This $11 million capital investment project is expected to create 41 jobs at a qualifying hourly wage of $16.04.