Van Meter Plans to Expand Cedar Rapids Operation
May 07, 2018
Continued growth and entry into new markets is prompting Van Meter Inc. to move forward on a $4.2M expansion to the west side of its Central Distribution Center on 32nd Avenue SW in Cedar Rapids, Iowa.
“We’re proud to be a part of the greater Cedar Rapids business community,” said Melanie Fisher Doyle, Chief Financial Officer at Van Meter. “We’ve experienced significant and consistent growth in recent years and are confident that our investment in an expansion will position us for continued success in the Midwest and nationally.”
Van Meter’s plans call for construction of the addition to begin late spring with completion by yearend. The expansion will allow for additional shipping and receiving docks, increased space for inventory, and new employment opportunities. The project is contingent upon regulatory and governmental approval of financial assistance.At a recent meeting, the City of Cedar Rapids approved economic development assistance as well as sponsorship of a state financial assistance application for Van Meter’s project. On Friday, May 18, the Iowa Economic Development Authority board awarded the company tax benefits via the High Quality Jobs program.The Cedar Rapids Metro Economic Alliance assisted in preparation of the state application.
“It is a pleasure to facilitate expansion projects for our local businesses,” said Executive Director of the Cedar Rapids Metro Economic Alliance, Doug Neumann. “We’re thrilled with Van Meter’s success, and we know this proposed expansion will add value to the industries they serve. We’re pleased to be a small part of their project.”
“Van Meter has been a long-standing business partner in Cedar Rapids. We realize there are opportunities outside of Cedar Rapids and are very excited Van Meter continues to call Cedar Rapids their home,” said Cedar Rapids Mayor Brad Hart. “This expansion plan not only adds to Van Meter’s footprint, but creates new jobs in our community. Growth here shows confidence in the economy and in Cedar Rapids.”
Headquartered in Cedar Rapids since 1928, Van Meter is Iowa’s largest distributor selling more than 800 brands of electrical and automation products to contractor, industrial and commercial customers nationwide, as well as internationally. Van Meter’s offering encompasses lighting, data communications, utility, automation, power transmission, renewable energy, core electrical components and more.
To learn more about Van Meter, visit www.vanmeterinc.com or call 1-800-247-1410.