City Council-Crown Holdings
July 16, 2019
The City Council adopted a resolution Monday night approving the Iowa Economic Development Authority Business Financial Assistance Application on behalf of Crown Holdings, Inc. and Subsidiaries. Crown is considering opening operations in Dubuque. The company would lease 111,000 square feet in an existing building in the Dubuque Industrial Center West owned by the Hodge Companies. Transfer of the existing equipment and acquisition of new equipment is estimated to be a $5 million investment. City Manager, Mike Van Milligen, said the project that would bring 42 jobs to Dubuque if all goes as planned with Crown Holdings application for funding. Crown is applying to the Iowa Economic Development Authority for over $239,000 in tax credits and refunds and a forgivable loan of $250,000. President and CEO of the Greater Dubuque Development Corporation, Rick Dickinson, told the council it’s a great opportunity to bring over 40 high paying jobs, $22 an hour to start, to the city. Additionally, the Northeast Iowa Community College would provide $484,864 in job training funds, and just over $77,000 in New Jobs Tax Credits. Crown Holdings, Inc. is a leading manufacturer of packaging for consumer products. Crown manufactures packaging for aerosol cans, beverages, food, promotional items, goods in transit and other various products.