MOLINE, Illinois (May 16, 2014) – Deere & Company plans to invest approximately $28 million to expand the tractor testing laboratories of its Product Engineering Center in Cedar Falls, Iowa.
The Iowa Economic Development Authority (IEDA) today approved the project for incentives to retain jobs in Iowa. The Cedar Falls City Council will review the project on Tuesday, May 27.
"The expansion totals nearly 62,000 square feet of additional space and improvements to the existing engineering center's infrastructure," said Chris Myers, global director, tractor platform engineering. "The project is needed to accommodate the continuing evolution to larger agricultural equipment."
Because of the expansion, Deere will retain nearly 30 full-time positions at the engineering center rather than relocate them to other tractor test facilities. Positions retained are in the areas of engineering and product development.
About Deere & Company
Deere & Company (NYSE: DE) is committed to the success of customers whose work is linked to the land, providing advanced products and services to cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. For more information, visit John Deere at www.JohnDeere.com.