Intermec Inc. has applied for state and local funds to assist with the proposed construction of a two-story, 78,000 square-foot facility at 601 Third St. SE in downtown Cedar Rapids. The new building would replace their existing facility at 550 Second St. SE.
“As Intermec continues to review its global footprint, it is clear that Cedar Rapids is a strategic location for skilled workforce,” said Pat Byrne, President and CEO for Intermec. “We are excited for the opportunity to provide our employees a new world-class design and test center.”
The new Intermec building would be the first private sector construction project in downtown Cedar Rapids post-flood.
“In meeting with Priority One and Cedar Rapids leadership teams over the past several months it became clear the city has a strong commitment to revitalize the downtown community and we are pleased to be among the first to support that effort,” said Larry Comparone, director of global facilities and real estate for Intermec.
“We are extremely pleased that Intermec has chosen to remain in downtown Cedar Rapids,” said Cedar Rapids Mayor Ron Corbett. “Their building was among those affected by the flooding in 2008, and we are grateful for their commitment to helping rebuild our downtown community.”
Intermec employs more than 2,300 people worldwide and this new space in Cedar Rapids will help the company better meet its evolving needs.
“Intermec is an innovative and growing technology firm, and a proven leader in their industry,” said Dee Baird, president of Priority One. “We will continue to work with our city and downtown partners to assist Intermec with this project and help them remain in our downtown business district.”
The project is contingent upon formal approval of state and local incentives, including tax credits and indirect financing. Priority One is assisting Intermec with the application process.