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Economy

State Helps Japanese Company Invest in Clinton

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Spiber Inc.
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With help from the state, a Japanese company will invest millions of dollars in Clinton. Friday the Iowa Economic Development Authority announced a one million dollar incentive package for Spiber Incorporated.
The bioscience company makes what's called "spider silk" in the lab that's used in clothing and other consumer products, including auto parts. The operation in Clinton will be its first in the US, and is a partnership with Archer-Daniels-Midland.

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Credit Spiber Inc.
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the jacket made with The North Face

The state incentive is a one million dollar forgivable loan through the High Quality Jobs Program, for the project that will total 101 million dollars.

Spiber worked with The North Face to make a bio-degradable jacket, and its silk material is considered a possible alternative to nylon and other petroleum-based materials.

A native of Detroit, Herb Trix began his radio career as a country-western disc jockey in Roswell, New Mexico (“KRSY, your superkicker in the Pecos Valley”), in 1978. After a stint at an oldies station in Topeka, Kansas (imagine getting paid to play “Louie Louie” and “Great Balls of Fire”), he wormed his way into news, first in Topeka, and then in Freeport Illinois.