Fisher proposes $6 million investment in Marshalltown
Emerson Process Management is seeking state tax credits for a proposed $6 million investment into the research and development center at its Fisher Controls location in Marshalltown.
It is an agenda item for a meeting Friday of the Iowa Economic Development Authority Board, which will consider the tax credit proposal of $88,770.
Emerson is looking to get into the 3D printing field, which is growing in technology circles.
Sen. Steve Sodders, D-State Center, is a Senate liaison on the economic development board as a non-voting member. Sodders said this in the beginning stages of a possible project for Fisher.
“I think it’s a good deal,” Sodders said. “They are not asking for a lot of money.”
Sodders said he supports the project and does not see any red flags from Fisher that could hold up an approval by the board.
“This is what economic development is about,” Sodders said. “If all goes well, it really could expand jobs that are in Marshalltown. I hope the board approves it.”
Kathy Anderson, marketing manager for the Iowa Economic Development Authority, said she did not want to speak for the board but feels this research and development project has a good chance for approval.
“These are projects that we definitely want,” Anderson said.
Anderson said 3D printing is an exciting field seeing lots of growth in the past few years. Research and development jobs are also highly sought after by economic development. Anderson said Fisher’s reputation in the state is very positive.
“It’s been a great Iowa company and a great Iowa presence for a long time,” Anderson said.