NEWTON, Iowa -- The former Maytag facilities in Newton will now become part of the Des Moines Area Community College campus.
The $8 million donation is from Reza Kargarzadeh, President and Founder of Engineering Plastics Components. Kargarzadeh said his business was growing, and he wanted to spend more time on operations, with 15 plants in 10 states and Mexico.
"When I looked at where do we want to give this beautiful campus to DMACC was the one that we start a conversation with," said Kargarzadeh, "I think they are very good choice for us to donate this campus to."
The gift includes 472,000 square feet over seven buildings. EPC is now headquartered in the Maytag complex, and will relocate, possibly to the Des Moines area, according to Kargarzadeh.
This is the largest gift to DMACC since it was founded in 1966.
"We're very excited to have these public private partnerships, and obviously what you're doing here in Newton is an example of something really significant," said Governor Terry Branstad. "Thank you for this really wonderful and generous gift, you are making to DMACC the community of Newton and really benefits the entire state of Iowa."
"What it could mean for Newton if we had a DMACC campus that large were able to bring in businesses who would hire our students to be interns while they going to school it would be a very unique academic setting nationally," said DMACC President, Rob Denson.
Denson said the college would be seeking companies to locate in the Maytag Campus, and those companies could be internship opportunities or employment for graduates of DMACC.