ICYMI: Iowa Manufacturer Expands, Credits Pro-Growth Tax Law
Vermeer Corporation Announces Plan to Build New Facility, Create 300+ Jobs
Washington, D.C. – Vermeer Corporation, an industrial and agricultural equipment producer based in Pella, Iowa, is crediting the pro-growth tax provisions of H.R. 1 with supporting the company’s plan to build an all-new 300,000-square-foot facility in the Des Moines metro that will create more than 300 jobs.
Vermeer said in a company statement, “We’re grateful for the state of Iowa, the pro-business environment, the skilled workforce here and economic policies, like Working Families Tax Cuts, that have helped support Vermeer’s long-term growth.”
Last August, National Association of Manufacturers Executive Vice President Erin Streeter joined Rep. Mariannette Miller-Meeks (R-IA) for a Made in America Manufacturing Tour across Iowa’s 1st District, where they visited Vermeer’s facility in Pella. During the tour, Vermeer President and CEO and NAM Executive Committee member Jason Andringa said H.R. 1 “sets up manufacturers for a generation of continued growth and advancement.”
Streeter praised Rep. Miller-Meeks’ leadership during the tour.
“H.R.1 is a landmark win for manufacturing—delivering pro-growth policies that will strengthen our industry for years to come. Without bold leadership from lawmakers like Rep. Miller-Meeks, manufacturers could have been crippled by the largest tax hike in history—jeopardizing the progress we made after the 2017 Tax Cuts and Jobs Act. Iowa’s 1st Congressional District is the first in the state for manufacturing. We want to thank her for protecting 13,000 jobs and $1.2 billion in wages at more than 800 manufacturing companies in her district alone.”
Background
KEY FACTS: If Congress had failed to preserve tax reform in 2025, the U.S. would have risked:
- 5.9 million lost jobs;
- A $540 billion reduction in employee compensation; and
- A $1.1 trillion shortfall in U.S. GDP.
-NAM-
The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.95 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.