Sub-Zero Group Establishes Cedar Rapids, Iowa, Light Manufacturing Plant
08/19/2022
The company will start construction on the new facility in August 2023, with completion planned for September 2025, according to local officials. The investment includes real estate and construction and machinery and equipment.
“We have reached the point that our three main sites are burgeoning and full, so we are seeking a new location to add to our footprint for the next leg of our journey. It’s just a phenomenal fit for us and you,” said Scott Wareing, senior vice president of operations and product design.
According to the Iowa Economic Development Authority (IEDA), the board awarded the project a $1.135 million forgivable loan and tax benefits through the HQJ program. 127 of the 192 created jobs are incented at a qualifying wage of $24.20 per hour.
In addition Cedar Rapids City Council approved a term sheet for a 20-year, 75-percent tax exemption. The estimated value of the incentive is $15.4 million. Tax abatement is subject to maintaining employment threshold, which could be reduced if employment threshold is not maintained.
“So many people are involved in an effort like this,” added Doug Neumann, executive director at the Cedar Rapids Metro Economic Alliance. “Congratulations to all on this success. It demonstrates again the importance of constantly pursuing business attraction and business expansion projects to keep our economy marching forward.”
In 2000, Sub-Zero introduced Wolf cooking appliances, bringing professional temperature control into the hands of home cooks with an impressive fifty-product launch. And in 2018, the company introduced Cove dishwashing, the culmination of decades of research, testing, and technology to ensure sparkling clean and dry dishes with every wash.
Project Announcements
Swiss-Based Temenos Plans Orlando, Florida, Operations
06/23/2025
Phoenix Manufacturing Expands Glasgow, Missouri, Operations
06/23/2025
Otto Aviation Plans Jacksonville, Florida, Manufacturing Operations
06/20/2025
AMI Metals Expands Spokane, Washington, Production Operations
06/20/2025
Newly Weds Foods Plans Dyersburg, Tennessee, Production Operations
06/20/2025
Yaskawa American Expands Franklin, Wisconsin, Headquarters Operations
06/19/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
The New Math Behind Mexico and U.S. Manufacturing Decisions
Q2 2025