Daisy Brand LLC will expand to Boone, Iowa. According to the office of Iowa Gov. Kim Reynolds, demand for the company’s products has created the need for an additional manufacturing facility.
Daisy plans to invest $626.5 million in a 750,000 square foot facility, creating 106 new jobs to start, a number anticipated to grow up to 255 as demand increases. The Iowa Economic Development Authority (IEDA) board approved $7 million in direct financial assistance as well as tax benefits for the company at its April 19 meeting.
“Daisy Brand’s investment in Iowa further reinforces our standing as a manufacturing powerhouse and reputation for fostering an environment where businesses succeed and grow,” said Reynolds. “With a third of the nation’s top food manufacturers located in Iowa and 26% of our manufacturing industry attributed to food processing, Iowa and Daisy are a perfect fit. From our dairy industry and farmers to our skilled workforce, there is no better place for Daisy to expand, and I am confident the company will continue to flourish in our great state.”
Headquartered in Dallas, the decision to expand into Iowa was driven by several factors, including Iowa’s agricultural resources and strengths, favorable business environment, and strategic location.
“At its core, economic development is about partnerships between communities, companies and the state to ensure future growth,” said Debi Durham, director of the IEDA and Iowa Finance Authority. “This significant investment is a testament to those partnerships, one that will pay off for Boone and Iowa.”