Posted 25 February, 2026
The Iowa Economic Development Authority (IEDA) Board approved awards 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. These projects are located in Bettendorf, Bondurant, Hiawatha, Vinton and Waverly.
These approvals mark the first awards through the state’s 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 via tax benefits.
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.
Sewer Equipment Company of America to establish fabrication operations in Vinton
Sewer Equipment Company of America manufactures sewer cleaning and vacuum equipment for municipal and contractor markets. The company will purchase an existing facility in Vinton to bring all fabrication operations to Iowa, with components shipped to its Illinois plant for final assembly and testing. The $3 million capital investment is expected to create 30 jobs, of which 22 are incented at a qualifying wage of $24.18. The board awarded $84,375 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.