Feldmeier Equipment Receives BIG Tax Credit Award
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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.
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