FARLEY, Iowa — Plans are in motion for a Farley manufacturer to grow, several months after officials there completed another expansion project.
Owners of Behnke Enterprises plan to invest about $4.3 million into the Farley plant. The project would expand the facility by 18,750 square feet and add 34 new jobs.
The family-run company manufactures trailers for customers across the U.S. It was founded in 1987 in Holy Cross, Iowa, before moving to Farley 11 years later.
“We’re pretty excited,” said Chad Behnke, owner of Behnke Enterprises. “There’s going to be some very high-tech equipment that’s going to be added, very computer-based. And we’re going to be creating some very high-quality jobs.”
At a Tuesday meeting, Farley City Council members unanimously endorsed a resolution of support for Behnke to receive state assistance for the project and directed the city administrator to work on a development agreement for tax increment finance support. Terms of the TIF agreement were not discussed at the meeting, but a 10-year, 80% tax rebate on new valuation of the property has been proposed.
The TIF agreement would come back to council members for consideration in May.
Jason White, vice president of business services at Greater Dubuque Development Corp., said Behnke is requesting $252,000 in tax refunds from the state. The c …