Business : Sewer Equipment Company of America to establish fabrication operations in Vinton

The Iowa Economic Development Authority (IEDA) Board approved the first awards for the Business Incentives for Growth (BIG) program, which launched last month. 

BIG supports capital investment and quality job creation projects that strengthen Iowa’s economic competitiveness. Awards were approved for five companies, which will assist in the creation of 536 jobs and result in $268.2 million in new capital investment for the state. The projects are located in Bettendorf, Bondurant, Hiawatha, Vinton and Waverly.  

“BIG further demonstrates Iowa’s commitment to pro-growth policies that help businesses thrive,” said Governor Kim Reynolds. “This new program encourages companies in key industries to locate, expand, or modernize facilities in Iowa, strengthening our competitive edge and creating opportunities for Iowans. It also builds on the state’s strong economic momentum. Since 2024, Iowa has attracted more than $20 billion in new capital investment and our economic indicators are on the rise—state GDP is up 5%, net earnings grew 7.3%, and personal income increased 3.7%. These results show that Iowa’s partnership approach works and will continue to make Iowa the best place to invest, innovate, and grow.”

Arconic Corp. to construct new casting complex in Bettendorf

Headquartered in Pittsburgh, Arconic Corp. Produces aluminum products for commercial aircraft, space vehicles, defense systems and automotive markets. The company will build a new aluminum casting complex at its Davenport Works facility in Riverdale/Bettendorf, increasing its capacity to process and recycle aluminum into ingots used to make sheet and plate products. A new saw will improve efficiency and safety. The $131 million capital investment is expected to create 40 jobs incented at a qualifying wage of $28.46 per hour. The board awarded $6.55 million in tax credits through the BIG program.

Vermeer Corp. to build new production facility in Bondurant

Vermeer Corp., based in Pella, is a family-owned manufacturer of agricultural and industrial equipment serving customers in more than 100 countries. To meet growing demand, the company will develop a 300,000-square-foot production facility in Bondurant, including 12,000 square feet of office space, parking and shipping and receiving areas. The $102.7 million capital investment is expected to create 182 jobs, including 62 incented at a qualifying wage of $35.11 per hour. The board awarded $5.1 million in tax credits through the BIG program.

CCB Packaging to add automated production line in Hiawatha

CCB Packaging in Hiawatha provides packaging services for food and pharmaceutical companies. The company will build a 65,000-square-foot addition and install a new automated production line to modernize and expand its operations. The $13.3 million capital investment is expected to create nine jobs, including six incented at a qualifying wage of $30.41 per hour. The board awarded $343,497 in tax credits through the BIG program.

Revolution Concrete Mixers to launch manufacturing operations in Waverly

LMI US, LLC, doing business as Revolution Concrete Mixers, is headquartered in Minnesota and manufactures rear-discharge concrete mixers with advanced digital and connected systems. The company will purchase an existing facility in Waverly and install approximately $8 million in equipment to establish new production and assembly operations. The $18.2 million capital investment is expected to create 275 jobs, including 25 incented at a qualifying wage of $28.52 per hour. The board awarded the company $660,000 in tax credits through the BIG program.