|About Albia Industrial....|
1 Benton Avenue West
Albia, Iowa 52531
Albia Industrial Development Corporation is an IRS tax-exempt certified non-profit corporation. It was organized in 1956 with one purpose in mind - to improve the economy of Albia and Monroe County by developing new employment opportunities for the residents of our area.
Following several rough years in the early 80’s when our community felt the loss of 80% of our manufacturing jobs due to the closing of two plants lost to corporate buyouts, AIDC redoubled its efforts to attract new investment and to retain those companies that remained.
In 1987, AIDC hired a full time director to oversee the day-to-day operations of the corporation and to work with current and prospective companies to encourage their investment in Monroe County. In 1994, the corporation created a new position known as Community Development Specialist to focus on the various areas of community development work and to work to improve the quality of life in our county.
Since 1985, AIDC has assisted with 23 new plant locations in the county and 44 major plant expansions. Those projects have resulted in a total investment of over $1.5 Billion to date and over 1,500 new jobs have been created.
During the same period we have seen our average overall wage rate rise from near the bottom of Iowa’s 99 counties to 6th in the state, while our manufacturing wages have risen to 8th in the state (QCEW 2nd Quarter 2007). Per capita income has followed with Monroe County now among the top 40 in the state.
As it becomes more apparent that a Midwest location can benefit manufacturers in many ways, AIDC wants to be in a position to be able to continue to service the needs of industry as we have in the past. We have gained a reputation for honesty and hard work which we believe is the single most important thing we have to offer our industrial prospects.
Our staff is thoroughly familiar with Federal, State and Local programs that can be used to assist new and existing employers. AIDC has also been active in writing grant applications to assist new employers and has successfully applied for and received over $11 Million in grant and low interest loan funds in the past few years.
No charge is made for our services. Our goal is to provide employment opportunities for area residents which in turn will help our communities grow.
We welcome the chance to visit with you about your project and the opportunities we have here in Monroe County.
Dan Tometich, Executive Director
1 Benton Avenue West
Albia, Iowa 52531-1942