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Erin Dammen

Pharma company locates in Midwest

DNA

DNAArrowhead Pharmaceuticals, a California-based pharmaceutical company that makes genetic treatments for hard-to-treat diseases, has announced plans to build a $250 million manufacturing campus in the Verona Technology Park, just outside of Madison, Wisconsin.

The expansion will bring about 250 jobs to the region. Arrowhead Pharmaceuticals has a research and development location in Madison, Wisconsin, as well as locations in San Diego and Pasadena, California. Arrowhead will join pharmaceutical giant MiliporeSigma in the technology park.

“The pharmaceutical, medical equipment industry in Wisconsin continues to grow,” said Coleman Peiffer, Alliant Energy’s senior business attraction manager. “The region’s talent and education system are ideal to support bio-health, high-tech companies.”

According to the Wisconsin Economic Development Corporation, Wisconsin exported $2 billion in medical and scientific instruments in 2020. Nearly 1,700 bio-health patents were awarded to Wisconsin entities from 2015-2019.

Learn more about how we work with the diverse and fast-growing bioscience sector.

Iowa manufacturer to make electric battery tray side panels

charging electric car

charging electric carWilliamsburg Manufacturing, a division of leading global automotive supplier Magna International, will create 521 jobs in Williamsburg Iowa by 2026 as part of a $46 million expansion project. At the forefront of a new technological revolution, the Williamsburg operation will install material handling equipment and welding robots to allow the plant to manufacture electric battery tray side panels.

Williamsburg Manufacturing will also continue to make aluminum and high-strength steel bumpers, aluminum radiator supports, under-hood and underbody reinforcements, frame and roof rails, and engine cradles.

You can find parent company Magna International’s products in most vehicles today. They have 347 manufacturing operations on five continents and in 28 countries. The company has over 154,000 employees worldwide.

Learn more about how we work with original equipment manufacturers.

Alliant Energy 2021 industrial growth in review

Industrial growth is paramount to the communities we serve. Economic development is vital to our success.  Load growth helps us manage costs for all our customers.   

As of December 1, we successfully assisted in major expansions for existing customers and recruited new companies this year throughout our Iowa and Wisconsin markets.   

  • 58 industrial projects across our service area. 
    • 20 new manufacturing operations. 
    • 38 expansions of existing industry. 
  • Over $1.53 billion in new capital investment.   
  • Nearly 4,100 new jobs in the communities we serve.   

Below are two key industries that have realized growth in the region:  

  • Ten original equipment manufacturers (primarily metal equipment producers) expanded in the region. Notable expansions included construction and agriculture equipment manufacturers Vermeer Corporation, ALMACO and Weiler Inc.  
  • Nine food processing and ingredients companies expanded here. Familiar brands include General Mills, Tyson Fresh Meats, ADM, Saputo Cheese and Kerry Ingredients. 

Wisconsin incentives: Business Development Tax Credit helps enhance cash flow

Wisconsin icon

Wisconsin iconWisconsin’s Business Development Tax Credit Program provides businesses located in or relocating to the state with refundable tax credits. This supports local job creation, capital investment, training and corporate headquarters location or retention. These credits can reduce income/franchise tax liability or provide a refund. Businesses then have more cash flow to expand a project’s scope, accelerate a project’s timeline or enhance payroll.

When combined with the state’s manufacturing and agriculture tax credit, which reduces the 7.9% tax rate to 0.4%, the refundable tax credit is almost completely refunded due to Wisconsin’s low corporate tax rate.

Per state statute, companies can earn:

  • 10% tax credit on new jobs (based on payroll).
  • Or, 5% on real property and 3% on personal property.

In competitive scenarios when a project considers multiple states, or when the project includes a corporate headquarter, projects can earn credits on both jobs and capital expenditures.

Below is an example of how the BTC program can impact a project’s cash flow. If the project was a competitive project or included a company headquarter, the project could earn both the $250,000 job tax credit and $900,000 capital expenditure tax credit totaling $1.15 million in credits. (Note: All tax credits are subject to negotiation and approval with the Wisconsin Economic Development Corporation.)

  • 50 new jobs paying $50,000 per year could earn $250,000 in tax credits based on jobs.
  • Or, capital expenditures totaling $20 million ($15 million real property and $5 million personal property) could receive up to $900,000 based on capital expenditures.

If the project was a competitive project or included a company headquarter, the project could earn both the $250,000 job tax credit and $900,000 capital expenditure tax credit totaling $1.15 million in credits.

Contact Coleman Peiffer, senior business attraction manager, or visit Wisconsin Department of Revenue to learn more.

 

Community spotlight: Cedar Rapids, Iowa

Cedar Rapids from the air

Cedar Rapids from the air

Cedar Rapids, the second largest city in Iowa, is known as the “City of Five Seasons.” The fifth season affords residents and visitors time to enjoy all other seasons and life.  

As one of the largest corn-processing cities in the world, it makes sense that Cedar Rapids is also one of the leading bio-processing and food ingredient centers in North America. Located within a day’s drive of 72 million consumers, Cedar Rapids is home to many recognizable brands including Fortune 500 companies. Major employers include Collins Aerospace, TransAmerica, Nordstrom, Quaker Oats, General Mills, Geico, ADM, Cargill, Ingredion, Kraft Heinz, International Paper and more.  

Cedar Rapids is a long-established business hub with plenty of room to grow including the Big Cedar Industrial Center and South 33rd Avenue Industrial Park, which offer more than 1,400 acres of development-ready land with utilities and infrastructure already in place. 

Cedar Rapids is an excellent location for growing industries, including: 

  • Food processing and bioprocessing. 
  • Life sciences. 
  • Logistics and distribution. 
  • Manufacturing. 

Community resources 

Cedar Rapids has a consistent record of economic growth. In 2019 alone, the Cedar Rapids metro area saw 35 economic development projects that include $588.5 million in capital investment. The community has rich resources and an abundance of talent ideal for companies in food processing and production, as well as allied fields in the bio-agriculture sector. 

Beyond industry, SmartAsset ranked Cedar Rapids the #1 best place in America for children five years in a row! (2015 – 2019) and it remains in the top three for 2020. 

The Eastern Iowa Airport offers nonstop major carrier service to key business cities across the nation and serves as a major air cargo hub and foreign trade zone that handles more than 20,000 tons of cargo each year. With an 8,600-foot runway, the airport accommodates cargo jets and has a fixed-base operator equipped to handle the largest corporate jets. 

Workforce 

When looking at a U.S. map, you’ll find Cedar Rapids close to the center. Within a one-hour drive, there are more than 788,000 workers, many with the skill sets and educational attainment needed for today’s technical, creative, and research jobs. Local workers have long been known for being highly educated, hard-working and productive thanks in no small part to the longstanding work ethic woven into the fabric of eastern Iowa. In fact, national companies with operations here have said that our workforce is as much as 25% more productive than comparable workers in other cities. 

Incentives and economic development resources 

Local leaders work closely with Linn County and the state of Iowa to streamline processes and permitting and to create incentive programs that reward companies for making investments.  

Depending upon a company’s specific needs and plans, available programs include small business assistance, EB-5, tax increment financing, workforce training programs, redevelopment tax credits, innovation funding, corporate tax credits, research activities credits, and other business incentives. State programs such as the Iowa Apprenticeship Program and the Iowa Industrial New Jobs Training Program also help companies prepare workers to meet their needs 

Want to learn more about Cedar Rapids’ business environment? 

Contact Mary Meisterling, senior business attraction manager, or visit cedarrapids.org.

Alliant Energy named a Top Utility in Economic Development

Site Selection Magazine 2021 Top Utilities logo

For third consecutive year Site Selection magazine recognizes the company’s contributions to business development and job creation

MADISON, Wis. – September 2, 2021 – For the third year in a row, Alliant Energy was named on Site Selection magazine’s Top Utility in Economic Development list. The annual list recognizes the company for its contributions to community development and job creation.

In its September issue, Site Selection credits Alliant Energy’s economic development team, in collaboration with local, regional and state partners in Iowa and Wisconsin, for delivering more than $906 million in new capital investment and more than 2,200 new jobs in 2020.

Alliant Energy is one of 20 companies nationally named to the list and the only one in Iowa. In all, there are 3,300 utility companies, including 900 electric cooperatives, in the United States.

“Alliant Energy is extremely proud to once again be honored as a top utility in economic development and we are honored to be among such strong industry peers,” said John Larsen, chair, president and CEO of Alliant Energy. “Guided by our purpose of serving customers and building stronger communities, our partnerships with the 1,300-plus communities we serve in Iowa and Wisconsin helped bring more than 30 new industrial and warehouse projects to life in the last year. Today, we share this award with them.”

Site Selection noticed Alliant Energy’s innovations in the absence of travel and on-site meetings. The company added interactive maps to its Alliant Energy economic development web page to allow site location consultants and real estate executives to tour Alliant Energy’s industrial sites virtually. The platform showcases certified sites across Iowa and Wisconsin and provides data on community assets, labor force, population, transportation routes, site costs and utility capacity including electricity, natural gas, water, wastewater and broadband.

“Working with Alliant Energy on developing interactive maps to showcase the Lincolnway Industrial Rail and Air Park in Clinton, Iowa has been essential to maintain close relationships with our region’s utility partners during the challenges of a global pandemic,” said Andy Sokolo

Site Selector also recognized Alliant Energy’s transition to renewable energy. Business customers have environmental demands and sustainability goals and seek to partner with companies like Alliant Energy, whose Clean Energy Blueprint guides its work to sustain the economic and environmental health of the communities it serves. Current Alliant Energy business customers like 3M, PepsiCo, Kerry Group, Mars, General Mills and many others have committed to moving their operations to 100% renewable electricity. Alliant Energy has embraced new technologies to help them achieve their goals and continues to adapt and become more resilient and reliable.vich, vice president of economic development with Clinton Regional Development Corporation. “Alliant Energy continues to support our economic development efforts as contributing members of a thriving community.”

Site Selection delivers expansion planning information to 45,000 site location consultants and executives of fast-growing firms and is considered the senior publication in the development field. The magazine bases its award ranking on a utility’s efforts to cultivate industrial business development, job creation and the populations it serves.

Large industrial warehouse and production space ready for new opportunities

inside of warehouse

Are you seeking an industrial production and warehouse site in the Midwest? This cost effective and clean warehouse, production, assembly or manufacturing property is new on the market in Cedar Rapids, Iowa. It offers 20,000 to 96,000 square feet of high or medium bay space for sale or lease. The building sits on a 34-acre lot, located just one half mile north of U.S. Highway 30, and within one mile of Interstate 380. It is served by rail. 

Building details include 44,000 square feet of air-conditioned space, 11 docks, four overhead doors and 130 automobile parking spaces. Other amenities include compressed air, a 2,000kilowatt generator, and 12,400highvoltage service with available 3,200amp panel. It has a shared break room, a conference room and a locker room with restroomsThere are currently three acresmore or lessof paved outdoor storage and additional trailer parking on site with room to expand to more or less than 10 acres. The building could be expanded up to an additional 150,000 square feetIt is available for possession within 30 days. Flexible lease terms are available. The sale price is $6,250,000. 

For additional information about the property, contact Mary Meisterling, Manager Business Support and Development Account Management at 319-558-7122 or marymeisterling@alliantenergy.com. 

Community spotlight – Fond du Lac County, Wisconsin

Walking on the FDL Loop Trail in Lakeside Park

Fond du Lac County, Wisconsin, is home to 33 cities, villages and townships and features world-class amenities, companies and talent. The county, located between Milwaukee and Green Bay, has a worldwide reach that offers a low cost of operations and living for businesses and residents.  

Historically named one of the top 20 safest metropolitan areas in the nation, Fond du Lac County is home to many top U.S. companies. These include Mercury Marine, Fives Giddings & Lewis, J.F. Ahern, Wabash, Mid-States Aluminum, J.M. Smucker Company and Alliance Laundry Systems. Fond du Lac County offers 10 public and private business and industrial parks, representing a variety of options for new and expanding businesses. 

This area of Wisconsin is an excellent location for growing industries, including: 

  • Agriculture. 
  • Construction. 
  • Health care and social assistance. 
  • Manufacturing. 
  • Transportation and warehousing. 

Community resources 

Industry leaders in Fond du Lac County are committed to not only growing the area, but also investing in its future. Fond du Lac County Capital Resources invested a total of $752,000 in six local projects which leveraged an additional $11,906,670 in private investments just in 2020.  

The telecommunications industry has a strong presence in Fond du Lac County due in part to providers such as Spectrum who are headquartered in the city of Fond du Lac. They provide broadband access to residents and businesses alike and have pledged to invest additional dollars in expansion.  

In 2020, SmartAsset.com ranked Fond du Lac sixth in the nation of the best places to live and work in the field of manufacturing.  

The communities in the county have several business parks with large lots and access to the interstate, and one park with access to an airport runway.  

Workforce 

The county is an hour drive from Milwaukee to the south and Green Bay to the north, in the heart of Wisconsin’s heavily populated eastern corridor and industrial eastern half of the state. With a talented, skilled and eager workforce, Fond du Lac County consistently reports lower unemployment rates than the state, surrounding counties, and other Midwestern states. 

Incentives and economic development resources 

Communities across the county are proactive and responsive. Businesses that partner with these communities to make long-term investments develop win-win relationships. Envision Greater Fond du Lac, the combined Economic Development Corporation and Chamber of Commerce, has a rich history of community involvement, as well as access to resources such as community loan, grant, and development dollars and business retention services. 

How do I get started? 

Contact us at colemanpeiffer@alliantenergy.com or visit www.envisiongreaterfdl.com. 

Battery project to become a model throughout the country

Decorah Ribbon Cutting Ceremony

Decorah Ribbon Cutting Ceremony

Alliant Energy’s new battery storage project in Decorah, Iowa, makes room on the grid for rooftop solar and maintains reliable electrical service across the community. Recently in service, this innovative project is jointly supported by Alliant Energy, the U.S. Department of Energy (DOE) Office of Electricity, Sandia National Labs and the Iowa Economic Development Authority (IEDA).

“Whether it’s ethanol, biodiesel, wind or solar, Iowa is a renewable energy powerhouse and it’s because of innovative companies like Alliant Energy,” said Iowa Gov. Kim Reynolds. “This battery storage project in Decorah will create jobs, spur local investment and serve as a model for America’s growing energy sector.” 

Alliant Energy’s commitment to battery storage is part of its Clean Energy Blueprint to accelerate the transition to renewable energy and enhance the economic and environmental health of the communities it serves. 

“We see an exciting future for creative energy storage projects that provide cleaner energy for our customers,” said Terry Kouba, president of Alliant Energy’s Iowa energy company. “Our batteries store solar power created when the sun is the brightest and then release that energy later in the day. This is an innovative way to both manage the grid and deliver more renewable energy to customers.”

The Decorah battery project connects to a circuit in the town with a high concentration of customer-owned solar systems and provides low-cost renewable energy at peak times of the day. It also relieves the load on the circuit and avoids the cost of rebuilding the grid to accommodate the excess electricity from the solar panels.

“What is happening here in Decorah will soon become a model throughout the country,” said Dr. Imre Gyuk, director of energy storage research for the DOE Office of Electricity. “As more and more renewable energy comes online, more and more storage will be needed for balance.”

The company has a smaller battery in a similar application near Wellman, Iowa. Alliant Energy also added a battery to store energy from the company’s 2.55-megawatt AC solar garden in Marshalltown, Iowa. 

Alliant Energy announces progress toward Clean Energy Vision in 2021 Corporate Responsibility Report

couple planting tree

At Alliant Energy, we recently released our 2021 Corporate Responsibility Report highlighting advancements in renewable energy and progress on our clean energy vision. The report focuses on our environmental, social and governance programs and the continued emphasis on the communities we serve. 

When it comes to progress, successful execution of our strategy has yielded the following achievements:  

  • Carbon dioxide reduced 42% since 2005.  
  • 1,100 megawatts of coal retired with plans to retire another 1,300 MW by the end of 2024.  
  • 10% of light-duty fleet vehicles are electric.  
  • Water use reduced 66% since 2005.  

We take great pride in advancing a more sustainable future through our purpose-driven strategy to serve customers and build stronger communitiesWe were also pleased to announce our plan to add more than 1 million trees to our service areas over the next decade in honor of our customers.

To achieve this goal, Alliant Energy will partner with organizations and communities throughout Iowa and Wisconsin in support of public forest restoration and preservation, urban forestry projects and other tree planting efforts.

The new tree planting initiative is in addition to plans to expand solar energy generation and build out the connected energy network while focusing on building a stronger, more diverse energy grid. 

Collectively, these initiatives position Alliant Energy to achieve our sustainability goals, which include eliminating all coal from our generation fleet by 2040 and achieving net-zero carbon dioxide emissions from electricity generated by 2050. These goals are part of Alliant Energy’s Clean Energy Blueprint, our roadmap to a cleaner, more reliable and resilient energy generation future.