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2020 Economic Impact Awards Celebrates Kreg Tool Company

Kreg Tool Economic Impact Award

November 11, 2020

Kreg Tool is a second-generation owned company that creates solutions that give woodworkers and do-it-yourselfers the confidence to create their own projects by making them approachable and fun. With the company’s signature pocket-hole jig, and variety of accompanying products, Kreg activates people to experience the benefits of connecting head, heart and hands throughout the building process. Kreg Tool Logo

In April of 2020, Kreg Tool broke ground on a new corporate campus in Ankeny, Iowa. The construction of the 150,000 square-foot facility will house all office and operations staff, which now operates out of three seaparte buildings in Huxley, Iowa. The new Kreg location will be better equipped to accommodate Kreg’s continued growth and needs, while providing opportunities for job growth due to its location, just south of the Department of Transportation. Kreg Tool Rendering

Furthermore, the facility will enable Kreg to continue its growth trajectory by providing the space, technology, visibility, and efficiency to meet current customers’ needs, while expanding international sales and developing new digital channels for the company’s products and services. Construction is expected to conclude in late summer/early fall of 2021 and employees will begin occupying the beautiful new space shortly thereafter.

Kreg Tool Company Employee Benefits

As an employee-owned company, Kreg employees become “owners” of Kreg Tool and benefit from all the company offers, including:

  • Paid Time Off
  • Kreg Cares Program
  • Health and Wellness Options
  • Planning for the Future (including tuition reimbursement, scholarships, Employee Stock Ownership Plan and more)

Learn more about the Kreg Tool Company culture and Kreg Cares, the company’s philanthropic support of trades-based education and more, to understand more about why the company is a Greater Des Moines Partnership 2020 Economic Impact award winner.

2020 Award

The Economic Impact Awards are presented in the fall by the Greater Des Moines Partnership. The Awards recognize regional companies for their outstanding contributions toward the economic vitality of Greater Des Moines (DSM). Learn more about all Partnership awards here.

Greater Des Moines (DSM) has one of the best business climates in the country. The region is nationally recognized for having a talented and educated workforce, a cost of doing business 17 percent below the national average, a low cost of living and an exceptional quality of life.

Greater Des Moines Partnership

The Greater Des Moines Partnership is the economic and community development organization that serves Greater Des Moines (DSM), Iowa. Together with 24 Affiliate Chambers of Commerce, more than 6,500 Regional Business Members and more than 365 Investors, The Partnership drives economic growth with one voice, one mission and as one region. Through innovation, strategic planning and global collaboration, The Partnership grows opportunity, helps create jobs and promotes DSM as the best place to build a business, a career and a future. Learn more at DSMpartnership.com.