Iowa Economic Development Authority Due Diligence Committee Meeting Minutes March 2025
Financial Incentives Recommended for Ingredion Inc Cedar Rapids
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Description
The Due Diligence Committee recommended awarding Ingredion, Inc. up to $230,469 in investment tax credits and $910,000 in sales and use tax refunds for a Cedar Rapids project. The final decision rests with the Economic Development Authority Board.
Contract Details
Contract Amount
Maximum of $230,469 in Investment Tax Credit and $910,000 in Sales and Use Tax Refund
Vendor
INGREDION INC
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
March 21, 2025
Renewal Info
First-time financial assistance recommendation; renewal is not applicable.
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