IEDA Considers Sumitomo Biorational Contract Change

The Iowa Economic Development Authority is considering recognizing Sumitomo Biorational Company LLC as the contracting entity for the former Valent BioSciences project. The requested amendment would extend completion through December 31, 2026 and preserve the $1,104,000 estimated tax credit award.

Document date · August 21, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1,104,000 estimated tax credit benefits

Contract type

OTHER

Contract term

Extension from May 31, 2026 to December 31, 2026; additional 7 months

Renewal date

2026-12-31

Renewal

Entity change from Valent BioSciences LLC; prior 11-month extension; current request adds seven months through December 31, 2026.

Document type

AgendaPacket

Source document

Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-08-21

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Iowa Economic Development Authority Minutes Due Diligence Committee Meeting 2026-08-21

AMENDED

Iowa Arts Council, IowaAug 21, 2026

Iowa Economic Development Authority AgendaPacket 2026-08-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Iowa Arts Council?

Sumitomo Biorational Company Llc was awarded this government contract by Iowa Arts Council, as recorded on August 21, 2026. The contract value is $1,104,000 estimated tax credit benefits.

How much is the Sumitomo Biorational Company Llc contract with Iowa Arts Council worth?

The Sumitomo Biorational Company Llc contract with Iowa Arts Council is valued at $1,104,000 estimated tax credit benefits.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Iowa Economic Development Authority AgendaPacket Due Diligence Committee Meeting 2026-08-21 (AgendaPacket), dated August 21, 2026 from Iowa Arts Council. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sumitomo Biorational Company Llc hold?

Sumitomo Biorational Company Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Sumitomo Biorational Company Llc's profile

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