The Iowa Transportation Commission today approved over 700-thousand dollars in economic development funds for two cities. D-O-T spokesman Tom Vaughan says one grant will help Denison build a roadway to a new business called Mechanized Distribution Services.M-D-S provides frozen storage and distribution services to the Farmland Foods plant and possibly other businesses. Vaughan says the road project will cost over 400-thousand dollars.The state’s grant is 310-thousand dollars with a local match of 120-thousand dollars. The grant requires the creation of 110 new jobs within two years after the project is completed. The Commission also approved a 100-thousand dollar grant to build a rail spur to the plant. Vaughan says Coralville also won a grant to build a roadway in the Hawkeye Development Park. Vaughan says the road should help spur development in the park.The state grant is for 300-thousand dollars, half of the project cost.
