Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-05-15
Dieomatic Secures BIG Incentive For Montezuma Expansion
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Description
The Iowa Economic Development Authority approved a BIG program tax credit award totaling $315,888 for Dieomatic Incorporated to expand its Montezuma manufacturing operations with over $10.6 million in new investment. The contract runs through May 31, 2036 and supports 27 new qualified jobs and new production lines for stamped and welded automotive components.
Contract Details
Contract Amount
$315,888 (tax credits: $300,000 Investment Tax Credit; $15,888 Sales and Use Tax Refund)
Vendor
DIEOMATIC INCORPORATED
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 15, 2026
Contract Term
Project award date May 15, 2026; investment completion by May 31, 2029; contract end date May 31, 2036
Renewal Date
2036-05-31
Renewal Info
BIG contract with performance and maintenance through May 31, 2036; company also holds a separate HQJP tax credit contract (22-HQJP-013) in Williamsburg in performance until September 30, 2026.
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