News

Spiber America LLC receives Iowa economic development incentive package for expansion of production to Clinton, Iowa

November 20, 2020

On November 20, 2020, the Iowa Economic Development Authority (IEDA) Board approved an economic development incentive package for our group company Spiber America LLC. This incentive package consists of $1 million in assistance through Iowa’s High Quality Jobs program and a 20% match from the City of Clinton.

We are collaborating with Archer Daniels Midland Company (ADM) to bring production of our Brewed Protein™️ materials to the US. Production will take place at ADM’s biorefinery facility in Clinton, Iowa. This award will allow us to accelerate our progress toward producing our protein materials on a large scale.

Press release from the State of Iowa can be found here.
Press release from the City of Clinton can be found here.