IA: Sub-Zero Group to Build Light Manufacturing Plant in Cedar Rapids, Creating 192 New Jobs | Trade and Industry Development

IA: Sub-Zero Group to Build Light Manufacturing Plant in Cedar Rapids, Creating 192 New Jobs

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Aug 24, 2022
Sub-Zero Group Inc. plans to build a 400,000-square-foot light manufacturing plant in Cedar Rapids, Iowa.

Sub-Zero Group Inc. plans to build a 400,000-square-foot light manufacturing plant in Cedar Rapids, Iowa. The $140.6 million project is expected to create 192 jobs. The company, which manufactures high-end kitchen appliances, will start construction in August 2023, with completion planned for September 2025, reports Area Development.

“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. In addition, the 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, reports Area Development.

“So many people are involved in an effort like this,” said 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.”

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