West Des Moines approves incentives for software company's expansion
Kim Norvell
knorvell@dmreg.com
A growing West Des Moines software development company will get some help from the city for a planned expansion.
Specializing in website and software design, ePATHUSA is relocating from its current facility at 6600 Westown Parkway in West Des Moines to a building being constructed on the southeast corner of Woodland Avenue and Jordan Creek Parkway. The company will occupy 3,600 square feet of the Newport Building; INTL FCStone, a Fortune 500 financial services firm that specializes in commodity trading, will also move its regional headquarters there.
West Des Moines will provide ePATHUSA $23,000 in property tax rebates over a five-year period. The city will also give the company two loans totaling $8,000.
The company, which just celebrated its 11-year anniversary, plans to create five new jobs at $26.72 per hour. It was awarded $40,000 in July from the Iowa Economic Development Authority for its planned $406,000 investment.
The city's financial incentives are required as a match to the Iowa Economic Development Authority's award.
West Des Moines recently expanded an urban renewal district to include the new 75,000 square-foot Newport Building as well as other future development projects in the area. Ashworth Road between Jordan Creek Parkway and 98th Street will be widened from two lanes to five lanes and will be paid for with tax revenue captured from the projects.
The Newport Building is being constructed by R&R Realty.