Business Retention & Expansion
The Cedar Rapids Metro Economic Alliance serves as the primary contact for businesses interested in expanding or relocating to the Cedar Rapids Metro area. We provide details to assist in your relocation decision or expansion needs, such as site location assistance, state and local financial incentive assistance, workforce development, demographics and trade figures as well as a variety of specialized activities designed to respond to each project.
Read about capital investment in the Cedar Rapids area by downloading the Building to a Billion and Beyond capital investment report.
Read about 2020's Capital Investment During an Unforgettable Year.
Visit Regional Stats & Data for up-to-date demographic information, workforce data, economic indicators, LOIS and available sites, state and local financial incentives and more.
Value in Membership
Business Retention & Expansion Contacts
|
|
|
||
| Ron Corbett, Business Retention & Expansion Strategist rcorbett@cedarrapids.org |
Mike Lukan, Local Business Project Specialist mlukan@cedarrapids.org |
Laura Thomas, Research and Analytics Specialist lthomas@cedarrapids.org |
Recent Business Retention & Expansion Wins
|
|
Timberline Manufacturing, a Marion based contract manufacturer of electrical sub-assemblies, was awarded state tax incentives today that will support the construction of a new manufacturing facility. The proposed project includes the construction of an 85,000 square foot facility located at 1029 Blairs Ferry Road. The investment would double the company’s production space and capacity. The property is located adjacent to the company’s current headquarters on Lyons Lane in Marion. Total capital investment is anticipated to be $12.8 million. |
|
|
World Class Industries, Inc., a global supply chain integration specialist, announced a proposal for an $8M business expansion development in Hiawatha, IA. The first phase of the proposed expansion project is the development of a new 50,000 sq. ft. office, manufacturing and warehouse space to support new project incubation and project launches. The proposed expansion project will create 28 new jobs. |
|
|
Frontier Natural Products Co-op will expand their main campus in Norway. Frontier plans to build a new 10,000-square foot building for flammable storage and an Innovation Center for new cosmetic and food development. To maintain consistency with its sustainability initiatives, the business will install solar arrays to power operations. The project has a capital investment of $3.1M. The Iowa Economic Development Authority board awarded tax incentives via the High Quality Jobs program. |
|
|
Marion Process Solution will expand and create a state-of-the-art test facility and be home to Marion Performance Group, its newly formed parts and services team. The company specializes in the design and manufacturing of custom horizontal mixers for the food, chemical, mineral, plastics and biomass markets. The new expansion will add 6,100 square feet to its existing campus with capital investment estimated at $1.5 million. Read More! |
|
|
Legacy Manufacturing Company announced they would move forward with expansion to its recently completed facility as a result of continued growth and success in reshoring U.S. manufacturing processes. In 2016, Legacy completed its 133,000 square foot facility located at 6509 Partners Avenue in Marion. The new warehouse expansion adds 200,000 square feet to Legacy’s existing location with capital investment estimated at $12M and a creation 13 new jobs, the Economic Alliance assisted in securing state and city assistance. |
|
|
New Leader Manufacturing manufacturer of crop nutrient applicators, and Hi-Way® deicing spreaders and road maintenance equipment, announced they would officially move forward on a plan to expand its current Cedar Rapids facility located at 1330 76th Ave SW with $3.3M of investment and a proposed testing facility. The project is creating 14 high-quality jobs and serves to conduct extensive product testing on existing products and experimental equipment during product development. |
Economic Development & Workforce News
ICR IOWA Pivots Focus to External Regional Marketing
Economic Alliance | Dec 16, 2020
The ICR Iowa Board recently announced changes to the regional organization that began in 2016 as a Joint Venture between the Iow… Read More
Capital Investment Success During an Unforgettable Year in 2020
Economic Alliance | Dec 15, 2020
Each year, the Cedar Rapids Metro Economic Alliance highlights the many ongoing and completed economic development projects in o… Read More
Cedar Rapids Area Projects Awarded Nearly One-third of $10M Brownfield/Grayfield Funding
Economic Alliance | Nov 18, 2020
TREND BREAKDOWN In the last 5 years, we have seen 26 projects totaling $15,069,231 in awards. 2016 – 4 projects, $2,653,000,… Read More
More Economic Development News
Partners & Resources
Community Partners
Economic Development Partner Organizations
Iowa City Area Development Group
Marion Economic Development Corporation
Telecom & Fiber Providers
City Based Utilities
Affordable and abundant utilities are available by the City of Cedar Rapids. Due to the food processing and biotechnology industrial base, the area has an excess of water and wastewater treatment capacity capable of accommodating more than two million people. The current water treatment capacity is 65 million gallons per day. Visit the City of Cedar Rapids' Utilities page.