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Oelwein Chamber and
Area Development
25 W. Charles St.
Oelwein, IA 50662
319-283-1105
Fax: 319-283-2809
oelwein@oelwein.com
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Oelwein Chamber and Area Development is a public/private partnership working to advance a strong local economy and maintain a high quality of life. This partnership of individuals, organizations, businesses and the City targets its efforts on the retention and development of business and industry and city infrastructure. OELWEIN HAS INVESTED $30,000,000+ IN IT'S FUTURE!!!!
Oelwein strives to attract visitors, jobs and industry by collectively promoting the community and its resources. Industrial buildings are available for the right business to move into. We look forward to seeing Regional Academy for Math and Science (RAMS) open for college classes in Oelwein. And continue to watch for improvements in downtown, in our housing, and new businesses opening in town.
Browse the website to learn about Oelwein, and give the Chamber office a call at 319-283-1105 anytime for assistance from our friendly and experienced staff.
Donaldson Building full again!...
The former Donaldson building is being purchased by Sector 5 Technologies, Inc., which will make large components for wind turbines. Sector 5 will also retain the leases for Wilbert Vault and East Penn Manufacturing, the other two companies that are housed in the plant. East Penn will use a section of the building as a warehouse for the high-quality batteries they manufacture at their headquarters in Pennsylvania. They plan to add 35 jobs in Oelwein, averaging $20 per hour.
The nearly $3 million investment in the new Sector 5 industry is expected to create 99 jobs, 98 of the jobs paying an average wage of $23.89 per hour. The Economic Development Board awarded the new company $297,000 from Community Economic Betterment Account (CEBA) to begin operations in the 161,000 sq. ft. building. Enterprise Zone tax benefits were also awarded.
Sector 5 is planning future diversification into components for the biofuels, food and pharmaceutical industries.
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