Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-06-19
Large Incentive Package Recommended for Sub-Zero Group Project
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Description
The Due Diligence Committee endorsed a substantial incentives package for Sub-Zero Group, Inc. tied to a Cedar Rapids project, including up to $7,713,850 in Investment Tax Credit and $2,100,000 in Sales and Use Tax Refund shared with a related real estate entity.
Contract Details
Contract Amount
Maximum of $7,713,850 Investment Tax Credit and $2,100,000 Sales and Use Tax Refund (shared with Cedar Rapids Real Estate, LLC)
Vendor
SUB-ZERO GROUP INC
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 19, 2026
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