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FINANCIAL_SERVICESAWARDED

Iowa Economic Development Authority Board Agenda Packet 2026-05-15

Feldmeier Awarded Iowa Incentives For New Butler County Plant

$688,670 (maximum tax benefits: $207,342 Investment Tax Credit and $481,328 Sales and Use Tax Refund)Iowa Arts CouncilFELDMEIER EQUIPMENT INCMay 15, 2026

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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

Description

Feldmeier Equipment Inc. has been awarded up to $688,670 in Iowa BIG tax incentives to help finance a $20.8 million, 70,000-square-foot manufacturing facility in Butler County. The contract supports expanded production capacity for stainless steel vessels and runs through May 2036.

Contract Details

Contract Amount

$688,670 (maximum tax benefits: $207,342 Investment Tax Credit and $481,328 Sales and Use Tax Refund)

Vendor

FELDMEIER EQUIPMENT INC

Agency

Iowa Arts Council, IA

Contract Type

FINANCIAL_SERVICES

Document Date

May 15, 2026

Contract Term

Project investment completion by May 31, 2029; contract end date May 31, 2036

Renewal Date

2036-05-31

Renewal Info

Contract is new under BIG with performance through 2029 and maintenance through 2036; a prior 2024 HQJP award was declined.

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Iowa Arts Council (Iowa)Maximum of $207,342 Investment Tax Credit and $481,328 Sales and Use Tax RefundJune 19, 2026

Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-05-15

AWARDED
Iowa Arts Council (Iowa)$688,670 (tax credits: $207,342 Investment Tax Credit; $481,328 Sales and Use Tax Refund)May 15, 2026

Iowa Economic Development Authority Board Agenda 2026-05-15

PENDING
Iowa Arts Council (Iowa)May 15, 2026

Iowa Economic Development Authority Board Meeting Minutes 2026-05-15

AWARDED
Iowa Arts Council (Iowa)Maximum of $207,342 Investment Tax Credit and $481,328 Sales and Use Tax RefundMay 15, 2026

Iowa Economic Development Authority Due Diligence Committee Meeting Minutes 2026-05-15

RECOMMENDED
Iowa Arts Council (Iowa)Maximum of $207,342 in Investment Tax Credit and maximum of $481,328 in Sales and Use Tax RefundMay 15, 2026

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