The Iowa Economic Development Authority, statewide partners and Iowa’s startup community will descend upon Austin, Texas, again this year to host the #IowaHour networking and promotional event at SXSWon Sunday, March 15 (6-8:30 p.m.).
The #IowaHour event offers Iowa’s entrepreneurs a great setting to promote their companies and make key business connections. The state’s marketing messages will also appear on bicycle rickshaws; touting the benefits of starting your business in and living in Iowa.
Held annually in Austin, SXSW is divided into three categories including Interactive, Film and Music. Iowa’s efforts will target the Interactive portion—an incubator of cutting-edge technologies and digital creativity. The event features five days of compelling presentations and digital creativity from the brightest minds in emerging technology.
After the unveiling of the unidentified company, Clear Lake, Iowa is now giving a warm welcome to McKesson Corporation.
McKesson is constructing a 340,000-square-foot distribution center located in the northeast Iowa community, a project worth just over $65 million. Founded in 1833, the company has built its name as a trusted distributor of medicine, medical supplies and health care information solutions. From delivering products via covered wagon to a company with global reach, McKesson has experienced significant growth throughout its 180+ years in business. The company is currently ranked 15th on the list of Fortune 100 companies and employs more than 42,000 individuals worldwide. The San Francisco based company’s Clear Lake project is expected to create 164 jobs.
McKesson saw great appeal when deciding to locate in Iowa, whose central location, will give the company easy access to serve the Midwestern region. The city of Clear Lakeand Cerro Gordo County also made a $9.3 commitment to McKesson for a 10-year forgivable loan and a 15-year, 90 percent property tax rebate. The company received additional assistance from the Iowa Economic Development Authority Board, as it awarded the pharmaceutical company with incentives, including a $170,000 forgivable loan and tax benefits through the High Quality Jobs program.
This project is an exciting addition to the Clear Lake community and is set to be operational by May 2016.
The announcement was just part of the $237 million in capital investments approved by the IEDA board this month.
Many modern conveniences were once accidental discoveries. From Velcro® to microwave ovens, X-ray scans to penicillin, these happenstances have become important parts of modern society and our everyday lives. A chance discovery just over 15 years ago at Diamond V Mills led to the creation of our company, Embria Health Sciences; now a leader among Iowa’s innovative bioscience industry, creating products that improve health and quality of life.
In 1998, Diamond V observed that employees on the factory floor manufacturing yeast culture at the company’s facility had unusually low sick rates compared to employees working in the office. This observation then sparked Diamond V to commission a study to determine if working alongside the yeast fermentation products positively affected the immune systems of its employees. The study concluded that the immune systems of the factory workers exposed to the yeast fermentation were strengthened when compared to the office employees. Shortly after this discovery, Embria was formed specifically to produce a version of this health-promoting ingredient for people worldwide. This product is EpiCor.
Our showcase product, EpiCor, is a whole food yeast fermentate ingredient comprised of many nutrients and metabolites clinically shown to help strengthen the immune system. We also produce a brand of selenium yeast called eXselen, which is a highly bioavailable and organic form of the essential mineral Selenium. Made wholly in Ankeny, Iowa, our ingredients appear in dozens of leading dietary supplements and food products that support wellness and vitality. EpiCor is just one of many innovative products derived from Diamond V’s 70 years of expertise in the nutritional fermentation industry.
Success stories like ours reinforce the strength of Iowa’s bioscience industry. In fact, Embria was among the companies in the bioscience sector that continued to grow in Iowa even during the economic recession. The state’s pro-business environment, in addition to our state-of-the-art production facility and continued dedication to new research, will help lead Embria to even greater heights.