City Reviews Major Cambrex Expansion Incentive Deal
City of CharlesCity · Charles City, IA- Disclosed value
- Up to $405,000 in tax increment payments; references $48,750 forgivable loan and $50,200 prior payment offset; up to $10,000 for legal and administrative costs
- From minutes
- Document date
- Jul 29, 2026
- Renews
- Free account
The 30-second brief
Charles City examined a proposed Development Agreement with Cambrex to support a roughly $150 million expansion and new production facility. The package would offer up to $405,000 in tax increment payments, build on prior incentives, and require substantial completion by December 31, 2027 along with 143 new qualifying jobs at specified wage levels.
CAMBREX holds this financial services contract with City of Charles.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $405,000 in tax increment payments; references $48,750 forgivable loan and $50,200 prior payment offset; up to $10,000 for legal and administrative costs
- Document date
- July 29, 2026
- Term
- Project to be substantially completed by December 31, 2027; job creation requirements tied to agreement
- Renews
- Free account
- Vendor
- CAMBREX
- Agency
- City of Charles
- Source document
- Charles City Council Planning Session Minutes 2026-07-29 (Minutes)
CAMBREX's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Charles?
CAMBREX was awarded this financial services contract by City of Charles, as recorded on July 29, 2026. The contract value is Up to $405,000 in tax increment payments; references $48,750 forgivable loan and $50,200 prior payment offset; up to $10,000 for legal and administrative costs.
How much is the CAMBREX contract with City of Charles worth?
The CAMBREX contract with City of Charles is valued at Up to $405,000 in tax increment payments; references $48,750 forgivable loan and $50,200 prior payment offset; up to $10,000 for legal and administrative costs, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Charles City Council Planning Session Minutes 2026-07-29 (Minutes), dated July 29, 2026 from City of Charles. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does CAMBREX hold?
CAMBREX may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Charles currently buying?
Explore City of Charles's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.