Vspec Plans Expansion, Renovation Project

CEDAR RAPIDS — A Cedar Rapids-based third party administrator of physical damage claims for vehicles plans to renovate a 36-year-old building and add 30 jobs.Vspec is seeking financial incentives primarily in the form of state investment tax credits. The Cedar Rapids City Council is expected to consider economic development assistance as well as sponsorship of a state financial assistance application for the project at its Tuesday meeting.The Cedar Rapids Metro Economic Alliance assisted in preparation of the state application that was sent to the Iowa Economic Development Authority in February.

Sections:  u.s.   
Topics:  Iowa   Linn County   Cedar Rapids   
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