FINANCIAL_SERVICESAPPROVED

City of Owatonna Awards Financial Services Contract to Sputtering Components (November 2025)

The City approved Tax Increment Financing for Sputtering Components’ 12,500 square foot industrial park expansion, with permits issued and construction already underway. The TIF assistance supports project costs tied to the facility addition.

Status
APPROVED
Document date
November 19, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Sputtering Components
Agency
City of Owatonna · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
TIF district and assistance follow statutory timelines and project plan; specific term and expiration date are not provided in the excerpt.
Document type
Agenda
Source document
Owatonna Economic Development Authority Agenda November 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Owatonna?

Sputtering Components was awarded this financial services contract by City of Owatonna, as recorded on November 19, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Owatonna Economic Development Authority Agenda November 2025 (Agenda), dated November 19, 2025 from City of Owatonna. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sputtering Components hold?

Sputtering Components may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Owatonna currently buying?

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