Whirlpool Corporation Continues Investment in Amana Facility4/20/2012
The Cedar Rapids Metro Economic Alliance and ICAD Group announced that through a strong working partnership with Kirkwood Community College, Iowa County and the State of Iowa, Whirlpool Corporation will make investments at its Amana Division to support the ramp up of its built-in refrigerator production line. The Amana facility is a leading producer of freestanding freezer-on-the-bottom refrigerators.
“Through this partnership, the Amana facility will continue its efforts to drive improved productivity and efficiency, and support the efforts of our brands to deliver a constant stream of new innovation to consumers,” said Dan Smith, Amana Division vice president.
The state support includes a $400,000 Supplemental Research Activities Tax Credit that will assist Whirlpool Amana in the development of new products and process improvements. These changes will help ensure the Amana plant remains a vital member of the Amana community. The Iowa Economic Development Authority’s Board of Directors approved the request on April 20.
“This announcement is significant not only for Amana, but for the entire Creative Corridor,” said Dee Baird, president & CEO of the Cedar Rapids Metro Economic Alliance. “Whirlpool Corporation’s long history of innovation in Amana has created an outstanding opportunity for growth, experienced technology resources, and excellent employment opportunities that benefit the region.”
Mark Nolte, interim president for ICAD Group, acknowledged the power of partnership to further this project. “This is a great example of how we, as a state and regional economic development teams, can partner with Iowa companies to advance our regional and state economies,” Nolte said. “We were able to leverage Whirlpool Corporation’s innovative thinking and a talented workforce with strategic state assistance.”