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Echo Electric Expands to Yards I-29 Business Park

Local wholesale electrical distributor, Echo Electrical Supply of Sioux City, will build a new 35,000 to 45,000 sq. ft. warehouse/distribution facility in Sioux City. After considering locations throughout the tri-state region, the growing company will expand on the site of the former Floyd Valley Packing Plant in the Yards I-29 Business Park. The expansion will result in a $2.6 million investment and add up to 13 new jobs to their existing workforce of 22 employees. Construction is expected to begin in the spring of 2014 with anticipated completion in October of 2014.

"When Echo Group acquired Rogers Electric in 2007 it was their intention to have a larger facility within 5 -10 years. With the help of the City of Sioux City and the Iowa Economic Development Authority, our plans for this expansion are moving forward, “ said Gary Wanderscheid, Echo Electric Supply of Sioux City’s Vice President of Operations. “We are in the early design stages of this project and hope to be in our new facility by this time next year.”

“This City has invested millions of dollars in the renovation of the former stockyards and we continue to see a good return on our investment,” said Mayor Bob Scott.
Echo Electrical Supply of Sioux City (formerly known as Rogers Electric Supplies) is a growing wholesale electrical distributor/warehousing company serving contractors throughout the Midwest. The company has 21 locations in Iowa, South Dakota, Nebraska, and Minnesota.

The City Council will take action on Monday to begin the 30-day notice period in support the sale of land in an urban renewal area. City staff is currently working with the company and IEDA to complete an application for the Targeted Jobs Withholding Tax Credit Program to be presented to Council for approval on November 4, 2013 and considered by the Iowa Economic Development Advisory (IEDA) Board of Directors. The City of Sioux City is also working with the company to provide financial assistance for the project. A proposed development agreement committing the City’s assistance to the project will be brought to the City Council for consideration by the end of the year to include a five year partial tax rebate.

For additional information regarding available business assistance programs available from the IEDA and the City of Sioux City, visit www.locatesiouxcity.com.

Contact

City Hall
405 Sixth Street
P.O. Box 447
Sioux City, Iowa 51102

Marty Dougherty
Economic Development Director
712-279-634