Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-05-15
IEDA Considers Termination Of Amcor HQJP Contract
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Description
The Iowa Economic Development Authority is asked to approve mutual termination of High Quality Jobs Program contract 20-HQJP-025 with Amcor Rigid Packaging USA, LLC in Ames, originally awarded an estimated $172,591 in tax credit benefits. The project investment and maintenance periods are complete, but the company created 5 of 6 required FTEs and did not claim any incentives.
Contract Details
Contract Amount
$172,591 Estimated Tax Credit Benefits
Vendor
AMCOR RIGID PACKAGING USA LLC
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 15, 2026
Contract Term
Award date April 17, 2020; project completion April 30, 2023; maintenance period through April 30, 2025
Renewal Date
2025-04-30
Renewal Info
Original HQJP award dated April 17, 2020 with maintenance through April 30, 2025; mutual termination requested at end of maintenance with no benefits claimed, effectively closing the contract early by Board action.
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