Samsung Electronics is enhancing its operations in Cedar Rapids, Iowa with plans to move to the downtown district and build upon its research and development operations there. The company’s new location is in the emerging Kingston Yard district, a mixed- use development within the Kingston Village District in the heart of downtown Cedar Rapids.
At its current location in the city, Samsung has conducted ongoing testing on GPS location software. Samsung ranks as the world’s fourth-largest technology company by revenue as of 2023. Its products include semiconductors, lithium-ion batteries, image sensors, camera modules, and displays.
“Cedar Rapids has consistently provided the resources and support we need to sustain our growth,” said a company spokesperson. “The economic development experts at the Cedar Rapids Metro Economic Alliance have made our decision to expand into a new facility and grow our team as seamless as possible.”
Project details remain confidential, with this move signaling further momentum toward growth within the core district of Cedar Rapids. The area has seen more than $11 million invested in office and professional business space…