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Waterloo, IEDA Award Incentives for $4.9M Advanced Heat Treat Expansion

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WATERLOO, IOWA (March 23, 2018) –The Iowa Economic Development Authority (IEDA) today approved a tax credit award for Advanced Heat Treat Corporation. The Waterloo company qualified for a sales tax credit on construction materials and a 3 percent investment tax credit for a $4.9 million expansion project of its north Waterloo facility.

On Monday, Waterloo City Council had unanimously approved an industrial tax exemption for Advanced Heat Treat’s expansion and agreed to serve as a sponsor for the IEDA application.

As a part of the Greater Cedar Valley Alliance & Chamber’s business services, support was provided to help Advanced Heat Treat apply for the incentive through IEDA’s High Quality Jobs Program.

To assist Mike Woods, President, and Gary Sharp, CEO/Owner, of Advanced Heat Treat, Cassie Grimsman, Business Services Coordinator at the Greater Cedar Valley Alliance & Chamber, worked with IEDA and Adrienne Miller, Planner and Economic Development Specialist with the City of Waterloo.

“Advanced Heat Treat is a great Waterloo entrepreneurial and advanced manufacturing success story,” said Mayor Quentin Hart, City of Waterloo.  “We are proud to be the headquarters of a leader in heat treat technology serving manufacturers around the world and thrilled with their continued growth and creation of high-quality jobs.”

The IEDA incentive falls under its High Quality Jobs Program. That program offers businesses financial assistance to encourage businesses to locate and expand in Iowa. Advanced Heat Treat’s expansion will create an additional 12 positions at their Midport Blvd location, six of which will pay above the $17.29 qualifying wage rate.

To learn more about Alliance & Chamber services for existing and new businesses throughout the Cedar Valley, contact Cassie Grimsman via email at cgrimsman@cedarvalleyalliance.com or call the Alliance & Chamber office at 319-232-1156.

IEDA Director Durham says Cedar Valley is “doing a lot of the right things”

EDA Director Debi Durham with Cary Darrah in Cedar Falls with Carol Lilly Mill Race kitchen

IEDA Director Debi Durham speaks with Interim CEO Cary Darrah and others at Mill Race in Cedar Falls on Thursday, March 22, 2018

WATERLOO, IOWA (March 23, 2018) – After touring several sites throughout the Cedar Valley, the head of the Iowa Economic Development Authority (IEDA) told a group of community leaders, “I think you’re doing a lot of the right things here.”

“I do not know where economic development and community development end because in my world they are one and the same,” Durham said. “As I drive through (the Cedar Valley), your community is doing that.”

But if she had one suggestion for the region, it would be this: “You just need to tell more people about (your community). You need to be bolder in your marketing.”

Debi Durham, IEDA Director, made those comments to the Board of Directors for the Greater Cedar Valley Alliance & Chamber during a late Thursday afternoon presentation at the new Courtyard by Marriott Waterloo Cedar Falls on the TechWorks Campus in north downtown Waterloo.

Marketing Iowa, Cedar Valley

Durham claimed her number one role is to the state’s cheerleader – “sell Iowa to Iowans” – and she took to that role when she bragged about U.S. News & World Report’s recent Best State’s Ranking that placed Iowa in its No. 1 spot.

Showcasing what Iowa has to offer is necessary because Iowa’s population isn’t growing and there just aren’t enough workers to fill current and future jobs. Communities need to step up marketing to help workers elsewhere make the connection that Iowa is a great place to live and work, she said.

Standing in a renovated John Deere manufacturing site, Durham also talked about her passion for the historic preservation of buildings. “I consider myself a building-hugger,” she said borrowing and modifying a term for environmentalists. The return on investment for Historic Tax Credits used for projects such as SingleSpeed, the former Wonderbread factory turned-brewery, has a huge impact on revitalizing and transforming Iowa’s downtowns, she said.

“These are all the storylines that you should be telling people,” Durham said.

Manufacturing as a Strength

“We are relevant, and we are relevant on a global stage,” she said. “Iowa, regardless of administration, we manage our fiscal house.”

To grow the state’s economy, her office focuses on “playing to our strengths” of Financial Services, Biosciences, and Advanced Manufacturing. All three are mature platforms that need information technology’s innovation.

About advanced manufacturing, she referred to the Cedar Valley, “This is who we are. This is our DNA … When I think of manufacturing, I think of this area.”

She feels that TechWorks Campus could become Iowa, and the nation’s “go-to place” for additive manufacturing in the nation. “I think you have the ability to do that,” Durham said.

Manufacturing represents the largest industry type in IEDA’s portfolio, with 83 percent of those incentives going to existing companies that are expanding, she said.

With Durham on a day-long tour of the Cedar Valley was Beth Balzer, Team Leader for IEDA’s business development team. Balzer’s team has a goal to visit more than 400 mostly small to medium manufacturers throughout the state this year “connecting them with the resources Iowa has in this space.”

Resources for Startups, Existing Businesses

Durham and Balzer began their day at Mill Race Coworking where they learned about local efforts to provide support to startup and existing businesses, including storefronts on Main Street Cedar Falls.

“It’s interesting: I don’t think I see any other community making the connection with Main Street,” Durham said.

She also toured University of Northern Iowa’s Additive Manufacturing Center in Tech 1 on the TechWorks Campus before meeting with Hawkeye Community College’s Dr. Linda Allen and Brad Kinsinger in the Alliance & Chamber boardroom.

Durham spent the day in the Cedar Valley at the invitation of the Alliance & Chamber’s Interim CEO, Cary Darrah.

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Iowa Advanced Manufacturing Network Hub at TechWorks of First Projects to Receive Iowa’s New Strategic Infrastructure Funding – $2.7 Million for additional 3D Printers UNI Metal Casting Center

(Cedar Valley of Iowa) The Iowa Advanced Manufacturing Network Hub (IAMNH), at the TechWorks Campus in Waterloo, is one of the first projects in the state to be awarded funds through Iowa’s new Strategic Infrastructure Fund (SIF). The funding was approved by the Iowa Economic Development Authority (IEDA) Board at their June meeting. The project, Iowa Advanced Manufacturing Network Hub – Phase I, Additive Manufacturing Center, will receive $2.7 million to fund additional 3D printers for the UNI Metal Casting Center, building improvements, and a design center to be operated by Hawkeye Community College.

“With this financial support from the IEDA and Iowa Innovation Council, UNI is excited and anxious to move forward with creating a full-service additive manufacturing center to meet the innovation and technology needs of Iowa companies,” says Randy Pilkington, Executive Director of UNI’s Business and Community Services. “Thanks to support from IEDA, UNI is building on the momentum of the past 18 months of 3D printing success to create a full-service additive manufacturing center for Iowa manufacturers. Expansion into plastics, metals and ceramics will create one of the best equipped 3D printing facilities in North America.”

The Iowa Advanced Manufacturing Network Hub application for Strategic Infrastructure Fund (SIF) was completed by TechWorks staff and a team including UNI’s Randy Pilkington and Metal Casting Center Director Jerry Thiel; Hawkeye Community College President Linda Allen, and Vice President of Academic Affairs Jane Bradley; and TechWorks board chair Tim Hurley. The team worked with the State of Iowa and the Iowa Innovation Council’s Advanced Manufacturing Workgroup to finalize the application.

The IEDA funding will help to move Iowa to the forefront of technology in additive manufacturing and establish a premier center for support of its manufacturing base.  This funding is a critical step in advancing the state’s technology base and providing a central location for technology advancement.

Iowa Advanced Manufacturing Center Takes Shape:

During the 2013 session, the Iowa Legislature stepped up with bipartisan support to approve funding for the creation of the Iowa Advanced Manufacturing Center (IAMC).

The IAMC is being established in partnership with the Iowa Innovation Corporation and Iowa Economic Development Authority. It will be a center of collaboration among those organizations listed above and many other “partners” and “users” such as  many programs and centers within UNI and Hawkeye Community College, Wartburg’s manufacturing engineering program, ISU’s CIRAS/MEP, and others. It will be available to you and other Iowa manufacturers and product innovators to increase competitiveness and commercialization of new products.

“The realization of the IAMC moves the TechWorks Campus plan ahead, said TechWorks board Chair Tim Hurley. “ IAMC creates the center of thinking and action, physical and virtual, that has always been a part of our vision, he said. “ We could not have accomplished this without the leadership of Waterloo’s Sen. Bill Dotzler and enthusiastic bipartisan leadership of our Cedar Valley delegation and support throughout the legislature, IIC and IEDA for manufacturing’s leading role in Iowa’s economy. That it’s happening in TechWorks is our dream coming true,” Hurley concluded.

 

The IAMC is programmed to include such uses as these examples:

  • Owned and operated by UNI’s Metal Casting Center, a large format 3D printer will be installed in the existing industrial lab space of the Tech 1 building on the TechWorks Campus. The large scale equipment, using polymer media, will be among the only of its kind in North America. The Metal Casting Center will provide access to this highly sophisticated equipment to manufacturing firms on a contract basis.
  • The Alliance & Chamber and TechWorks are collaborating with UNI to make existing lab facilities available to Iowa firms on a fee-for-time or project basis.
  • It is expected to install one and perhaps two 4 and 5 wall Computer Aided Virtual Reality Environment structures in the lab floor.
  • Improve the Tech 1 building:
    • Docks and overhead doors will be installed, along with required mechanical and electrical improvements.
    • Space will be available for advanced manufacturing operations to lease, and
    • Hawkeye Community College is establishing its green/sustainable construction methods program

Planning is underway for improvements, which will be underway later in 2013. Contact Steve Dust or Cary Darrah regarding IAMC programming.

Advanced Manufacturing Hub Step Closer with State Funding

The Cedar Valley TechWorks is one step closer to becoming the physical location of an Advanced Manufacturing Hub for the region and state thanks to legislation adopted this week.  Nearly $4 million was included in Iowa Economic Development Authority appropriations for the project.

The IEDA’s Iowa Invocation Council, which will administer the funds, has been working closely with the Cedar Valley TechWorks and Greater Cedar Valley Alliance & Chamber to establish the Campus as the designated site for the Hub.

The bulk of the funds will construct improvements in the Tech 1 building on the Campus. A portion of the funds will be used for the University of Northern Iowa to purchase a 3-dimensional (3D) printer to fabricate on-demand molds for cast components  to support  advanced manufacturing , in collaboration with TechWorks.

“With this funding, we can make the capital and infrastructure improvements to the Tech 1 building needed to attract more technology and bio-products related industrial operations and partners to the campus. The investment in building improvements and equipment will prepare space for new businesses and educational programs, and bring tremendous momentum and excitement to the Campus as these projects move forward alongside the previously announced anchor projects,” states Cary Darrah, General Manager of the Cedar Valley TechWorks Campus. “ We are grateful to the entire Cedar Valley legislative delegation for its bi-partisan advocacy for this funding, especially Senator Bill Dotzler who really went to bat for the Cedar Valley and the TechWorks Campus. His work for this and other economic development issues this year is recognized by legislators from both sides of the isle.”

Jerry Thiel, Director of UNI’s Metal Casting Center is also optimistic about the impact of the collaboration on the industry statewide, “The capabilities of having technology like this will undoubtedly increase the overall competitiveness of Iowa manufacturers by allowing them to deliver products to the market at an unprecedented rate.”

Randy Pilkington, Executive Director, UNI Business and Community Services adds,
“This is a substantial investment in advanced manufacturing not just for the Cedar Valley, but for the entire state of Iowa. It also shows UNI’s commitment to advanced manufacturing statewide.”

What this means to the Cedar Valley

“The Cedar Valley is known as Iowa’s center of Advanced Manufacturing,” states Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber.  “With the high concentration of manufacturing in our economic area, and the manufacturing technology -related resources of UNI and our higher education partners, the Cedar Valley is the prime location to establish the state’s hub of leading edge applied manufacturing technologies. As businesses and entrepreneurs from all over the Midwest access our equipment and facilities to improve and produce innovative products, we take another step in innovation led economic development in the Cedar Valley economy, and toward fulfilling the original vision for the Campus. We’re proud to be known as the Advanced Manufacturing Hub,” concludes Dust.

The Governor is expected to sign the bill into law before the end of June.

The Cedar Valley TechWorks is a 30-acre advanced manufacturing and biotechnology research, development and education center, and business and manufacturing cluster. The campus is located in downtown Waterloo, Iowa adjacent to the John Deere operations. The Cedar Valley TechWorks is owned and managed by the Greater Cedar Valley Alliance & Chamber.

 

 

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