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State IEDA board awards $1.85 million grant for Collins Aerospace expansion
Company planning $22 million renovation to manufacture microchips
Collins Aerospace's offices in northeast Cedar Rapids. CREDIT CEDAR RAPIDS
The Iowa Economic Development Authority (IEDA) Board announced Friday that Collins Aerospace’s planned $22 million expansion project in Cedar Rapids will receive $1.85 million in tax benefit grant funds through the state’s High Quality Jobs Program.
The project, with a minimum investment of $22 million, involves developing and manufacturing microchips in an existing building on the Cedar Rapids campus of Collins Aerospace, Cedar Rapids’ largest employer.
The…
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