Oct 21, 2021 - Business
PDM Precast plans $10 million expansion in Des Moines
A photo of PDM Precast in Des Moines.
PDM Precast plans a $10 million expansion at this site on DSM's southeast side next year. Photo: Jason Clayworth/Axios

PDM Precast will launch a $10 million expansion on Des Moines' southeast side next spring, Matt McAllister, the company's chief administrative officer, told Axios this week.

Why it matters: It's another indication that Des Moines' "economic revitalization and goods movement" is on the right path.

Driving the news: Des Moines this week approved preliminary terms for PDM's expansion, including a nearly 30,000-square-foot production building and an 11,000-square-foot warehouse.

  • A $275,000 tax incentive for the project is estimated to generate more than $6 million in additional tax revenue over the next 30 years, according to city documents.

Background: PDM produces precast concrete and steel products. It makes many of the wall panels for Midwest data centers that have been popping up in recent years.

  • The company employs 170 people, with plans to hire 20 more after the expansion.

What's ahead: Design and financial review plans will be finalized in coming months.

  • McAllister said the project is slated to complete by late summer of 2022.
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