Tax breaks for Sergeant Bluff’s plant and state grants for four central Iowa start-ups

A state council has approved tax breaks for a proposed expansion of a soybean processing plant in northwest Iowa.

Ag Processing, Inc., known as AGP, plans to spend more than $ 71 million to modernize its Sergeant Bluff facility. The improvement will speed up the crushing rate of soybeans. AGP has refineries in Sergeant Bluff that process vegetable oil and soybean oil. The company was formed in 1983 when Land O’Lakes, the Boone Valley Cooperative Processing Association and Farmland Industries merged their soybean processing assets into one company.

The Iowa Economic Development Authority Board also approved state grants for four different startups in central Iowa.

NanoSpy, a Startup Factory company at Iowa State University, has developed rapid tests for salmonella in food processing plants and is getting $ 25,000 from the state of Iowa. Mazen Animal Health, based in Ames, makes edible vaccines for livestock and other animals. The company plans to use its $ 125,000 state grant to market its swine vaccine. Townhall, another Ames company, is receiving $ 25,000 from the state to support its development of a video conferencing application for large groups meeting remotely.

Lola’s Fine Sauces in West Des Moines is receiving $ 100,000 from the state to support the expanded marketing of the company’s hot sauces, salsas, seasoning blend and Bloody Mary blend. The products are already sold in 10,000 points of sale.

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