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FINANCIAL_SERVICESAWARDED

Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-05-15

Feldmeier Equipment Receives BIG Tax Credit Award

$688,670 (tax credits: $207,342 Investment Tax Credit; $481,328 Sales and Use Tax Refund)Iowa Arts CouncilFELDMEIER EQUIPMENT INCMay 15, 2026

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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

Description

The Iowa Economic Development Authority approved a BIG program tax credit package totaling $688,670 for Feldmeier Equipment Inc. to build a new 70,000 square foot manufacturing facility in Butler County. The contract, running through May 31, 2036, supports more than $20.7 million in investment and expanded production capacity for ASME pressure vessels.

Contract Details

Contract Amount

$688,670 (tax credits: $207,342 Investment Tax Credit; $481,328 Sales and Use Tax Refund)

Vendor

FELDMEIER EQUIPMENT INC

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; a prior HQJP tax credit award in 2024 (24-HQJP-011) was previously declined by the company.

More from FELDMEIER EQUIPMENT INC

Related Contracts

Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-06-19

RECOMMENDED
Iowa Arts Council (Iowa)Maximum of $207,342 Investment Tax Credit and $481,328 Sales and Use Tax RefundJune 19, 2026

Iowa Economic Development Authority Board Agenda Packet 2026-05-15

AWARDED
Iowa Arts Council (Iowa)$688,670 (maximum tax benefits: $207,342 Investment Tax Credit and $481,328 Sales and Use Tax Refund)May 15, 2026

Iowa Economic Development Authority Board Agenda 2026-05-15

PENDING
Iowa Arts Council (Iowa)May 15, 2026

Iowa Economic Development Authority Board Meeting Minutes 2026-05-15

AWARDED
Iowa Arts Council (Iowa)Maximum of $207,342 Investment Tax Credit and $481,328 Sales and Use Tax RefundMay 15, 2026

Iowa Economic Development Authority Due Diligence Committee Meeting Minutes 2026-05-15

RECOMMENDED
Iowa Arts Council (Iowa)Maximum of $207,342 in Investment Tax Credit and maximum of $481,328 in Sales and Use Tax RefundMay 15, 2026

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