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PROJECT INTELLIGENCE

Electrical Power Products (EP2, a Flex company)

Expansion · Des Moines, IA · Energy & power equipment · Announced 2026-07-17

Investment$42,000,000Announced capital
Jobs200Reported jobs
StatusAnnounced
VerificationConfirmedLast verified 2026-11-01

Sources & verification

  1. opportunityiowa.gov ↗
Recorded publisher
Iowa Economic Development Authority
Source quality
primary-government
Verification basis
Inherited verification

Project facts

Decision / announcement date
2026-07-17
Date precision
day
Sector
Energy & power equipment
Facility action
Expansion
Project status
Announced
Project / facility
Des Moines campus expansion (~420,000 sq ft)

Figures & qualifications

Capital category
Committed
Capital scope
site
Jobs classification
New/Direct
Jobs basis
IEDA: 'is expected to create 200 jobs', 150 incented at $31.54/hour ($2.01M BIG tax credits = incentive). Unrelated to Flex Round Rock TX (LD24-481).
Statistical exclusion reason
Expansion band ($50M/100): outside the core $100M/250 statistical series.

Electrical Power Products (EP2, a Flex company): Des Moines campus expansion in existing Des Moines campus, Des Moines, IA; investing $42M and creating 200 new jobs.

Not yet recorded · 3 fields

Facility type · Transferred / retained jobs · Construction jobs