Company: East Penn Manufacturing Co. Parent Company: East Penn Manufacturing Subsidy Source: state Location: Iowa City: Oelwein County: Fayette Year: 2015 Major Industry of Parent: miscellaneous energy products and systems Specific Industry of Parent: batteries Subsidy Value: $4,833,481 Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information. Program Name: High Quality Jobs Program Awarding Agency: Iowa Economic Development Authority Type of Subsidy: grant/loan hybrid program Number of Jobs or Training Slots: 350 Wage Data: $13.55 Wage Data Type: qualitying wage Capital Investment: $64,024,684 Source of Data: (click here) Notes: The subsidy is sum of direct funding and maximum tax benefit. Jobs are projected new jobs Investment is capital investment. Year is calendar year. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.