A Major Capital Investment and Hundreds of New Jobs Headed to Williamsburg
Nov 23, 2021
Williamsburg Manufacturing, which produces numerous high quality vehicle components, is adding a new product line and making a $46 million capital facility upgrade in the process. The expansion of manufacturing processes, equipment, and personnel will result in hundreds of new jobs for the region.
Recently the Iowa Economic Development Authority awarded a $250,000 forgivable loan and tax benefits through the High Quality Jobs (HQJ) Program to the company. Working with Kate Robertson, the Executive Director of Iowa County Community Development, the Cedar Rapids Metro Economic Alliance assisted with the state application process to receive the forgivable loan as well as tax benefits through the state’s High Quality Job (HQJ) program.
Williamsburg Manufacturing is a division of leading global automotive supplier Magna International.