Vermeer Corp. plans to build a 300,000-square-foot production facility in Bondurant and create 182 jobs, significantly increasing the Pella-based company’s footprint in Iowa and allowing for future expansion to meet the demand for the company’s agricultural and industrial products.

The company was awarded more than $5.13 million in incentives from the Iowa Economic Development Authority Friday for the project, which represents more than $102.65 million in investment by the company.

It was one of five companies to be awarded incentives Friday by the IEDA board under the Business Incentives for Growth, or BIG, program. They were the first awards approved under the new program, which was approved by the Legislature in 2025.

According to IEDA documents, the Vermeer project will also include 12,000 square feet of office space, parking and shipping and receiving space. The jobs that will be created will pay $35.11 per hour.

Vermeer will acquire 186 acres in Bondurant to build the facility, which will initially employ more than 300 people, including those that will be created, to support demand for the company’s industrial equipment and parts.

“I’m incredibly proud of this business my grandfather, Gary Vermeer, began 78 years ago and the team doing the work to equip Vermeer customers around the world,” said Jason Andringa, president and CEO, in a news release. “While Pella will always be home to our headquarters, the need for Vermeer equipment has continued to grow and the innovation coming from Vermeer requires continued investment both in Pella and beyond.”

The announcement of the Bondurant project comes three years after Vermeer opened its Des Moines operation, where 143 people work out of a 108,000-square-foot facility.

The Bondurant project is the most recent investment in the company’s growth strategy since 2016, the release said.

In addition to the Des Moines facility, Vermeer has added a 135,000-square-foot expansion at Vermeer MV Solutions in Greenville, S.C., opened a 312,000-square-foot Global Parts Distribution Center in Pella, reworked 127,000 square feet of operational space in manufacturing in Goes, the Netherlands and acquired significant ownership in a manufacturer located in Queensland, Australia.

The city of Bondurant will contribute more than $29.45 million in incentives, which include a six-year sliding scale property tax abatement, infrastructure, connection fee waivers and building permit discounts.

Bondurant City Administrator Marketa Oliver said the Vermeer project will be a “game-changer” for the community.

It will be located on the Timmins Certified Site on the city’s southeast side, adjacent to Interstate 80, and open up the area for future industrial development, Oliver said.

The city is investing in building a new road to the site, which will not only serve Vermeer but the general public as well, she said.

“It cracks open 500 acres of industrial development with infrastructure, and many of those sites are becoming certified sites, which means we have the due diligence in place [to] be development ready and to be flexible and adept at working with developers and companies that want to build,” she said.

Oliver said the Vermeer project will also help the city continue to create a better balance between its commercial, industrial and residential tax base.

“We’ve been working really hard to create a better balance and create more opportunities for people to live where they work, and creating that better balance so we’re not quite so heavy on our residential,” she said.

When the project is complete, Vermeer will be the third largest private employer in Bondurant, behind the Amazon distribution and Amazon sortation businesses, city officials said.

According to IEDA documents, the project will have an “inordinate effect” on the state’s gross domestic product.

“The jobs at Vermeer in manufacturing, and the upstream jobs in manufacturing that Vermeer creates through increased supplier demand, yields significant job benefits to the communities around our manufacturing ecosystem,” the IEDA report read. “This investment adds more manufacturing to Iowa’s economic mix.”

In other action Friday, the IEDA board also approved:

• $6.5 million in incentives for Arconic US LLC, a Pittsburgh-based company that makes  aluminum sheet, plate and innovative architectural products for the automotive, aerospace, commercial transportation, industrial packaging, semiconductor and building and construction markets. The company plans to build a 90,912-square-foot facility at its Davenport Works facility in Bettendorf, where it will create 40 jobs that pay a qualifying wage of $28.46 per hour.
• $343,497 in incentives to CCB Packaging, which plans to build a 65,000-square-foot expansion to its existing facility in Hiawatha, where it will create nine jobs paying a qualifying wage of $30.41 per hour. The company makes packaging primarily for large companies in the food and pharmaceutical industries.
• $660,000 in incentives for LMI US LLC, which operates as Revolution Concrete Mixers The company plans to purchase an existing facility in Waverly, where it will create 275 jobs that pay a qualifying wage of $28.52 per hour. The company makes rear-discharge concrete mixers for customers in the United States, Canada and international markets. The project will help the company support its growth.
• $84,375 in incentives to Sewer Equipment Company of America, which plans to buy an existing facility in Vinton, where it will create 30 jobs, 22 of which will pay a qualifying wage of $24.18. The company makes sewer cleaning and vacuum equipment for municipal and contractor markets.