MOUNT PLEASANT, Iowa (KWQC) — Business expansion is the buzz in Mount Pleasant, Iowa. The numbers are impressive. Thirty four million dollars in investment and eighty new jobs.
Hearth and Home Technologies is one of four business in that part of southeast Iowa which is undergoing a multi- million dollar expansion. The business makes fireplaces and other accessories. It's been a fixture in Mount Pleasant since 1965.
The seven point four million dollar expansion is about ninety thousand square feet. It will give the company plenty of space to do business under one roof and operate even more efficiently.
A five year tax abatement plan was a major incentive for the company to go ahead with the expansion.A spokeswoman says the incentive was just under three quarters of a million dollars. Forty employees will be added to the payroll.
The four expansions are good news for a region of Iowa which has experienced its share of plant closings and job loss over the years. Hearth and Home Technologies offers employees profit sharing. Some of the jobs pay about eighteen dollars an hour.
A business friendly approach by the community to keep companies in town. It's working in Mount Pleasant.