MILFORD, Iowa - Office & organizational furniture manufacturer Safco Products will add 100 manufacturing jobs at its new plant in Milford, Iowa thanks to an economic incentive package from the city.
The 430,000-square-foot plant, previously operated by off-road vehicle manufacturer Polaris Industries, was shut down in April after Polaris ceased operations there. Aiming to fill some of the jobs lost in April, the Milford City Council voted 4-0 to approve economic development incentives to Safco Products.
To receive the incentive package, Safco had to purchase the plant and fill 100 manufacturing jobs right away.
The approved incentives are a city property tax rebate of $50,000 maximum per year for 10 years and a forgivable loan of $500 per job for the first 100 jobs. Production employees would earn the county average wage of $16.83 per hour.
Safco will relocate from its current facility in New Hope, Minnesota. Operations are expected to begin between July and November of 2018.
Safco manufacturers over 2,200 office, workplace, and organizational furniture items and other products.
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