2010 Economic Development Projects in Iowa's Tech Corridor
These projects were announced in the seven county region in 2010.
Go Daddy, the world’s largest Web-hosting and domain name registrar, is expanding its office in Hiawatha. Go Daddy plans to add a total of 500-700 employees over the next five years.
Whirlpool Corporation’s Amana Division, a leading producer of refrigerators and the only manufacturer of the freestanding freezer-on-the-bottom configuration of refrigerators in the United States, announced plans for a $20 million dollar investment in its facility in Amana, Iowa, bringing a new ice maker line and 60 jobs.
Quality Associates, headquartered in Cincinnati, Ohio, has opened a 245,000 square foot packaging facility in Iowa City's Scott Six Industrial Park. The focus of the new facility will be to provide functional, cost-competitive packing for retail consumer packaged goods.
University of Iowa Hospitals and Clinics have received Iowa State Board of Regents approval on a five-story, 150,000 square foot, $73 million outpatient clinic in Coralville.
EdLink, a Chicago-based company specializing in tuition assistance management, has opened its new facility in Coralville. EdLink expects to process $200 million in education funds over the next year.
Coralville Arts Center
The $10 million Coralville Center for the Performing Arts will be a community space owned and operated by the City of Coralville, scheduled to open spring 2011. The 518-seat theater will offer 330 seats on the main floor and 188 in the balcony, providing a fully accessible, flexible space for a variety of events in the greater Johnson County area.
Cedar Rapids Downtown Development
U.S. Commerce Secretary Gary Locke announced $38 million in U.S. Economic Development Administration (EDA) grants for Cedar Rapids to help the region rebound economically from the 2008 floods. The investment includes $35 million to the city of Cedar Rapids to assist with the construction of the new downtown events center and $3 million to the Cedar Rapids Area Chamber of Commerce to build the Regional Commerce Center and Small Business Incubator.