Flexsteel closer to new Dubuque plant
May 18, 2017,
DUBUQUE, Iowa – Flexsteel Ind. announced it has tentatively agreed with the city and county of Dubuque to maintain employment and operations there.
Flexsteel's Dubuque facilities was built in 1897.
Under three agreements, the terms include: construction of a $25 million manufacturing facility through the City of Dubuque; land purchase for $1.3 million from Dubuque County for the new facility; and redevelopment investment with Dubuque Initiatives for demolition of the current manufacturing facility and site preparation for light industrial use.
The SEC filing by Flexsteel on the agreements stated “the projects are contingent upon approval of development assistance programs being considered by other entities.”
The company had announced last September it would shut down the 120-year-old Jackson Street facility, which would have displaced about 200 workers.
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