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Iowa Venture Awards Honor Iowa Companies

posted on Thursday, November 30, 2017 in News

West Des Moines, IA - The Iowa Area Development Group (IADG), on behalf of Iowa’s rural Iowa Venture Award Luncheon drew 350 peopleelectric cooperatives, municipal utilities and independent telecommunication companies, honored seven distinguished Iowa companies with the Iowa Venture Award at a luncheon held in conjunction with the Iowa Association of Electric Cooperatives’ annual meeting at the Sheraton West Des Moines.

The 2017 “Outstanding Business of the Year” Iowa Venture Award was presented to ELPLAST America Inc., located in Marion, Iowa. ELPLAST America, a Poland based plastics manufacturer of press to close zippers, located their North and South American headquarters and new 30,000 sq. ft. manufacturing facility in the Marion Enterprise Center. Starting as a trade show lead; several local, state and national partners came together to bring this company to Iowa. Notably, Central Iowa Power Cooperative secured the last ever $2 million loan through the USDA Rural Economic Development Loan & Grant program to support this project. With 30 employees, ELPLAST America produces products that are sold to over 60 countries on 6 continents. ELPLAST America was nominated for an Iowa Venture Award by Linn County Rural Electric Cooperative.

“The Iowa Venture Award is highly regarded as a business achievement and recognition awards program with a 30-year history, said IADG President, Rand Fisher.  “IADG and our sponsors are proud to honor these seven business leaders and entrepreneurs for their commitment to Iowa through innovation, investment, and job creation.”

Six additional businesses were recognized with an Iowa Venture Award for their significant contributions in diversifying and strengthening Iowa’s economy. These 2017 Iowa Venture Award recipients include: Al’s Corner Oil Co./Sparky’s One Stop, G-Force Customs, MPC Enterprises, Inc., NEW Cooperative, Siouxland Machine Inc. & Siouxland Fabricating Inc., and Spencer Ag Center. Iowa Secretary of Agriculture and Land Stewardship, Bill Northey, assisted in presenting the Iowa Venture Awards and honoring the Iowa companies and their leaders.

About the Iowa Venture Award

This marks the 30th year that IADG has presented Iowa Venture Awards to individuals and organizations, both large and small, in recognition of their significant contributions to Iowa's economy through entrepreneurial leadership, innovation and the creation of job opportunities. History has demonstrated that these are among the most accomplished and successful companies in the state. Together they are helping to sustain and grow Iowa’s economy. The Iowa Venture Award Hall of Fame showcasing these 256 companies can be found at www.IADG.com/HallOfFame .