FINANCIAL_SERVICESAWARDED

Iowa Arts Council Awards Financial Services Contract to Electrical Power Products Inc (July 2026)

IEDA plans to award Electrical Power Products, Inc. a total of $2,007,500 in BIG tax incentives, including investment and sales and use tax benefits, to support a $42 million facility expansion in Des Moines. The contract runs through July 31, 2036 with investment to be completed by July 31, 2029.

Status
AWARDED
Document date
July 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Electrical Power Products Inc
Agency
Iowa Arts Council · IA

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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 amount
$1,257,500 Investment Tax Credit; $750,000 Sales and Use Tax Refund; total $2,007,500
Contract type
FINANCIAL_SERVICES
Contract term
Project Award Date July 17, 2026; Project Investment Completion Date July 31, 2029; Contract End Date July 31, 2036
Renewal date
2036-07-31
Renewal
BIG contract term extends through July 31, 2036; no renewal or extension options are specified.
Document type
AgendaPacket
Source document
Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-07-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Iowa Arts Council?

Electrical Power Products Inc was awarded this financial services contract by Iowa Arts Council, as recorded on July 17, 2026. The contract value is $1,257,500 Investment Tax Credit; $750,000 Sales and Use Tax Refund; total $2,007,500.

How much is the Electrical Power Products Inc contract with Iowa Arts Council worth?

The Electrical Power Products Inc contract with Iowa Arts Council is valued at $1,257,500 Investment Tax Credit; $750,000 Sales and Use Tax Refund; total $2,007,500, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-07-17 (AgendaPacket), dated July 17, 2026 from Iowa Arts Council. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Electrical Power Products Inc hold?

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

View Electrical Power Products Inc's profile

What is Iowa Arts Council currently buying?

Explore Iowa Arts Council's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Iowa Arts Council's profile

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