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NEW HAMPTON

ECONOMIC DEVELOPMENT 

 

Mission Statement

"To recruit new industries and to help existing companies expand their business and create new quality jobs."

Robert Soukup, Economic Development Director
Tammy Robinson, Office Manager
112 East Spring,  New Hampton, IA 50659
Phone - 641/394-2437       Fax - 641/394-4514

Duties and Responsibilities

The New Hampton Economic Development Department recruits retail, professional and industrial businesses and assemble Incentive Packages, which include the following:

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TIF - Tax Increment Financing

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Free land to qualified projects

        Site No. 1: New Hampton Industrial Park South

New Hampton's newest industrial park is strategically located adjacent to U.S. Hwy 63.  The site has 152 acres ready for development and is zoned multi-purpose which allows for a mix of commercial and industrial businesses.  New Hampton Municipal Light Plant and Butler County REC are the electric service providers, Black Hills Energy is the natural gas supplier and their website address is www.blackhillsenergy.com , and Iowa Telecom provides telecommunication services.   The park is located one hour from commercial air service and approximately 45 minutes from Interstate 35.  Site No. 1 has been   designated a Urban Renewal Area and is in an Enterprise Zone as defined by the State of Iowa.  This site is owned and operated by the New Hampton Industrial Development Corporation.

 

 

 

 

 

Site No. 2:  25 Acre Site

Over 25 acres of land are available for development.  This site is located near the intersection of US Hwy 18 and Hwy 63.  The current zoning is commercial, and the surrounding land is zoned industrial and commercial.  The New Hampton Municipal Light Plant and Hawkeye Tri-County REC are the electric suppliers, Black Hills Energy is the natural gas provider.  A rail line runs adjacent to the property.   New Hampton Five Star Cooperative owns this site.

The Department also assists existing retail, professional and industrial businesses to expand by using Incentive Packages to make projects possible.

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State and local grants

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TIF - Tax Increment Financing

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Interest Buy Down

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Pay rent for a period of time

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Tax Abatement

Entities and organizations the Economic Development Department is actively involved in include:

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The City of New Hampton

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New Hampton Municipal Light Plant

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Chickasaw County

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Iowa Department of Economic Development

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New Hampton Development Corporation

The Economic Development Department has recruited and/or assisted in the expansion of over 40 businesses since 1990, and has also actively assisted in four housing developments.

     Through New Hampton Economic Development we are

EXPANDING OUR HORIZONS!!!

Progress Casting Group, Inc.    Aluminum Casting - employs 150

TriMark Corporation    Vehicle Hardware - employs 320

Zip's Truck Equipment, Inc.    Custom Manufactured Wreckers - Employs 65

Hillandale Farms of Iowa    Egg Processing - employs 10

Ameritec    Machining/Tooling - employs 26

Soy Basics, LLC    Candle Manufacturer - employs 95

Supersweet Division / ADM      Agricultural Feed Products - employs 20

Precision of New Hampton    Rebuilt Torque Converters - employs 138

Timber Roots    Trusses, laminated columns - employs 50

New Hampton Metal Fabrication    Steel products - employs 63

Omega Machine Tool Company    Tool and die - employs 7

AgVantage FS, Inc. Agricultural Supply Cooperative - employs 21

Five Star Cooperative    Feeds and Fertilizers - employs 112 Full Time/75 Part Time

Bay Valley Foods    Food Processing - employs 72

MDK, Inc.    Recycles doors - employs 25

Croell Redi-Mix     Concrete Manufacturer - employs 52

L & R Manufacturing    Sheet Metal Fabrication - employs 9

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