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State approves tax credits for Intermec and Raining Rose
The Iowa Economic Development Authority Board approved two $500,000 tax credits for Intermec Corp and Raining Rose to build new facilities on former brownfield sites in Cedar Rapids. Intermec will invest $10.5 million for a 78,000 square foot plant at 601 Third St SE, creating about 250 jobs. Raining Rose plans a $13 million, 122,000 square foot two story HQ and manufacturing site at 3015 First Ave SE, retaining 97 jobs and adding 15. The LEED certified project will consolidate manufacturing from three locations under one roof.
MENTIONED IN THIS ARTICLE
Cedar
Second St. SE
Intermec
Cedar Rapids
Pat Byrne
Rose
Ninth Ave
First Ave
LaPlante-Choate
Allis Chalmers
Chuck Hammond
Raining Rose
Hammond
Debi Durham
Iowa Economic Development Authority
Durham