Johnston Plans Development Agreement With Vylor
City of JohnstonCity · Johnston, IA- Disclosed value
- $3,750,000 performance-based grant; up to $50,000,000 in tax increment rebates
- From resolution
- Document date
- Nov 2, 2026
The 30-second brief
Johnston plans to consider a development agreement with Vylor, Inc. for locating the company's corporate headquarters at a corporate campus spanning the Vylor 2 Urban Renewal Area and other city urban renewal areas. The proposed incentives include a $3.75 million performance-based grant and up to $50 million in tax increment rebates for qualifying construction completed by March 31, 2036.
Vylor Inc holds this contract with City of Johnston.
Term as filed: Planned development agreement; tax increment rebates tied to new construction completed by March 31, 2036 and related job commitments.
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Contract details
- Amount
- $3,750,000 performance-based grant; up to $50,000,000 in tax increment rebates
- Document date
- November 2, 2026
- Term
- Planned development agreement; tax increment rebates tied to new construction completed by March 31, 2036 and related job commitments
- Vendor
- Vylor Inc
- Agency
- City of Johnston
- Source document
- City of Johnston Resolution Vylor 2 Urban Renewal Plan 2026-11-02 (Resolution)
Vylor Inc's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Johnston?
Vylor Inc was awarded this government contract by City of Johnston, as recorded on November 2, 2026. The contract value is $3,750,000 performance-based grant; up to $50,000,000 in tax increment rebates.
How much is the Vylor Inc contract with City of Johnston worth?
The Vylor Inc contract with City of Johnston is valued at $3,750,000 performance-based grant; up to $50,000,000 in tax increment rebates.
What type of contract is this?
This is a government contract, documented as a resolution record.
Where was this contract approved?
This contract appears in City of Johnston Resolution Vylor 2 Urban Renewal Plan 2026-11-02 (Resolution), dated November 2, 2026 from City of Johnston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Vylor Inc hold?
Vylor Inc 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 Johnston currently buying?
Explore City of Johnston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.