IACI Secures $700,000 in Location Incentives
City of Amarillo cityCity · Amarillo, TX- Disclosed value
- $700,000
- From contract
- Document date
- Jul 22, 2025
- Term
- 7 years
The 30-second brief
The Amarillo Economic Development Corporation (EDC) has entered into a location incentives agreement with International Aerospace Coatings, Inc. (IACI), effective July 22, 2025. The Amarillo EDC will provide financial incentives to IACI for its Amarillo Operations expansion, with a maximum aggregate payment of $700,000 over a seven-year period, contingent upon IACI meeting specific job creation and payroll targets. The expansion is expected to have a stimulative effect on the Amarillo economy, benefiting citizens through increased employment opportunities and expenditures for employee wages and goods/services.
International Aerospace Coatings holds this financial incentive contract with City of Amarillo city. Its other public contracts on record include work for Amarillo College and PANHANDLE GCD.
Term as filed: 7 years.
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Contract details
- Contract type
- Financial Incentive
- Amount
- $700,000
- Document date
- July 22, 2025
- Term
- 7 years
- Agency
- City of Amarillo city
- Source document
- amarillo-edc-location-incentives-agreement-with-iaci_3f4.pdf (Contract)
International Aerospace Coatings's other public contracts
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Questions about this contract
Who was awarded the financial incentive contract by City of Amarillo city?
International Aerospace Coatings was awarded this financial incentive contract by City of Amarillo city, as recorded on July 22, 2025. The contract value is $700,000.
How much is the International Aerospace Coatings contract with City of Amarillo city worth?
The International Aerospace Coatings contract with City of Amarillo city is valued at $700,000, covering financial incentive work.
What type of contract is this?
This is a Financial Incentive contract, documented as a contract record.
Where was this contract approved?
This contract appears in amarillo-edc-location-incentives-agreement-with-iaci_3f4.pdf (Contract), dated July 22, 2025 from City of Amarillo city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does International Aerospace Coatings hold?
International Aerospace Coatings 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 Amarillo city currently buying?
Explore City of Amarillo city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.