October 2016 – Cedar Rapids Economic Dev

Rockwell Collins buys B/E Aerospace for $6.4B

October 24, 2016

Aviation tech company Rockwell Collins will spend $6.4 billion to acquire aircraft interior manufacturer B/E Aerospace. Under the terms of the deal, expected to close in the spring of 2017, B/E Aerospace shareholders get $34.10 per share in cash and $27.90 in shares of Rockwell Collins...

Cedar Rapids projects receive economic development tax incentives

October 21, 2016

CEDAR RAPIDS — Four Cedar Rapids projects are among 20 approved for the Brownfield/Grayfield Redevelopment Tax Credit Program Friday by the Iowa Economic Development Authority. The four projects — The Depot, The National, former Monroe Elementary, and Kingston Quarters — received $2.6 million in tax credits,...

Hibu moving to downtown Cedar Rapids

October 17, 2016

CEDAR RAPIDS — Cedar Rapids company hibü plans to relocate approximately 650 employees from the southeast outskirts to the city’s central core, making it one of the largest employers in the downtown district, city officials said. The digital marketing services provider and directory publisher, which was...