Cedar Rapids Construction and Expansion Projects Draw National Attention
Mar 16, 2020
Since 2016, Cedar Rapids has seen $1.8 billion in construction and expansion projects. The Cedar Rapids Metro Economic Alliance regularly tracks and reports on these numbers in a capital investment report called Building to a Billion and Beyond. This report, among other data and analytics reports, is part of the Economic Alliance’s strategic plan to track and publicize job growth and capital investment for existing industry expansion and retention projects. Recent additions to Building to a Billion and Beyond include the Marion YMCA’s $19.5 million new building project, a new $32.3 million UPS cargo facility at The Eastern Iowa Airport, BioSpringer’s $25 million project, and Ahmann Companies’ $25 million River Ridge Square construction in Cedar Rapids.
Cedar Rapids in the National Spotlight
Construction industry publication Construction Dive is taking notice of construction activity in Cedar Rapids and has named Cedar Rapids a ‘mini megacity’ to watch in 2020.
In the article, Economic Alliance Business Retention & Expansion Strategist, Ron Corbett, discussed flood recovery following 2008 flooding and that the next 10 years will address the need for new schools, transportation and infrastructure, setting the stage for more jobs, workforce retention and local prosperity. Several local Economic Alliance member businesses are highlighted in the article as some of Cedar Rapids’ top construction firms, including Graham Construction Company, Hunter Companies, Knutson Construction, McGough Construction, Miron Construction, Mortenson Construction, Primus Companies, and Weitz Industrial. Read the whole article at www.cedarrapids.org/news.
Growth projects create jobs and bring capital investment, ultimately flowing more dollars into our economy, with every project a cause for celebration.The Economic Alliance works with strategic partners to compile the listing of investments in the area, and certainly could not do this work alone. Thank you to Benton Development Group, the City of Cedar Rapids, the City of Fairfax, the City of Marion, the City of Robins, Hiawatha Economic Development Corporation, the City of Hiawatha, Iowa County Economic Development Commission, Jones County Economic Development, Linn County, Marion Economic Development Corporation, and Robins Economic Development Initiative. To get a project added to the Building to a Billion report, please contact Ron Corbett, Business Retention & Expansion Strategist, at email@example.com or 319-730-1411.