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.
- The site at 3312 E. Granger Ave. is next to the planned expansion of the Southeast Connector. It's also near a $25 million transloading project that's underway.
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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