General Mills is considering a continued investment of its facility in Cedar Rapids in 2014, which if completed would create 40 new jobs. The Cedar Rapids City Council will consider sponsorship of a state financial assistance application for the company to increase production at the facility. Financial assistance will primarily come in the form of State Investment Tax Credits.
The Cedar Rapids Metro Economic Alliance assisted in preparation of the state application that will be sent to the Iowa Economic Development Authority.
The potential expansion will involve conversion of approximately 10,000 square feet of warehouse space in the facility to food grade manufacturing space including inside building enclosures, footings and floor enhancements for food manufacturing equipment.
Pending approval of the application and final decision of General Mills, construction would begin in mid-2014 with completion in early 2015.
”Cedar Rapids is a key strategic location for General Mills, and we greatly appreciate the support of the community as we consider continued growth here,” said Paul Lokar, Vice President of North American Manufacturing for General Mills.
Dee Baird, president and CEO of the Economic Alliance, says to have one of the Creative Corridor’s largest employers make such a significant investment is a tremendous show of confidence in the region.
“General Mills is a strong community partner and we are happy to assist in advancing their growth goals and the new jobs that it will bring to the Corridor,” Baird says.
Cedar Rapids Metro Economic Alliance
Pam Hinman, communications manager