Photo: City of Eldridge, Iowa
(Des Moines, IA) -- A Rock Island, Illinois company is moving its headquarters across the river to Eldrige, Iowa. RILCO Inc. distributes lubricants, antifreezes, and greases for industry and retail customers.
RILCO distributes products under the Tec-Guard and Tec-Kool brands. The headquarters project involves a 58,000-square-foot expansion and improvement to an available building in Eldridge. The Iowa Economic Development Authority says an estimated 81 jobs are expected to be created by the more than $10 million total capital investment.
RILCO was awarded $135,000 in tax credit benefits.