With construction delays and rising material costs making headlines, many companies looking to expand are finding existing facilities a smart solution.
A location now available and potentially eligible for an incentive power rate is a site formerly used to manufacture metal cans for the food industry.
Independent Can Company has been the sole occupant of this 90,000-square-foot facility. The plant is in immaculate condition, with an open floor and 24-foot clear ceilings. The square foot conformity could support a variety of food and nonfood uses that require a pristine environment.
Property profile
- Square footage: 90,000
- Configuration: 300 by 300 feet
- Ceiling height: 24 feet
- Dock doors: Six
- Drive-in door: One
- Lot size: 15.88 acres
The greater Fort Madison area has strong infrastructure and a skilled workforce. It’s strategically positioned on the Mississippi River in southeast Iowa. The area is close to interstates that connect to major Midwest markets including Chicago, St. Louis, Kansas City and Indianapolis.
We offer manufacturers a special economic development electric rate for use at industrial buildings in Iowa that are not utilized and already have existing services.
Incentive rate overview
We offer a discount on customer demand charges for the first five years of operation, starting with a 50% discount in year one. This discount reduces 10% per year for the following four years.
The rate is available to any customer on the large general service rate utilizing an infill/brownfield property that does not make a product competing with other products made in Alliant Energy’s Iowa service area.
To learn more about this exciting opportunity, reach out to us.