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DES MOINES — The Iowa Economic Development Authority’s board Friday awarded direct financial assistance and tax benefits to eight companies for job creation and expansion projects, including Scientific Games Corp. locations in Cedar Falls and Des Moines.

The board also approved assistance for Waukee-based startup AgriSync Inc.

Scientific Games, launched in 1998 in Cedar Falls as Phantom EFX, develops technology-based products and services and associated content for the gaming and lottery industries worldwide.

The company’s proposed project would include an expansion and upgrade of the existing space in Cedar Falls and Des Moines, IEDA said.

Scientific Games did not immediately return telephone and email requests for comment.

A $400,000 capital investment expansion in Cedar Falls is expected to create 31 jobs, 27 of which are incented at a qualifying wage of $16.79 per hour, according to IEDA.

The company’s Des Moines-based expansion has a capital investment of $300,000 and is expected to create 20 jobs, 17 of which are incented at a qualifying wage of $26.72 per hour.

The new jobs being created at both facilities are professional, research and development-focused tech jobs, many of which exceed the qualifying wage level, IEDA said. The company was awarded tax benefits via the High Quality Jobs Program to complete its proposed expansions.

The IEDA board also approved assistance for proposed projects in Davenport, Dubuque, Fairfield, Iowa City, Keokuk and Sheldon.


Business Editor at The Courier

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