CBS 2 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Financial Incentives for IA Businesses

DES MOINES, Iowa (AP) --
   Iowa Economic Development Authority is considering financial incentives for several proposed business expansions.
   General Mills Cereals is proposing a $58 million project to convert warehouse space in Cedar Rapids to a food manufacturing area. The company wants a $200,000 loan, $3.2 million in state tax credits, and $85,000 in Alliant Energy tax rebates. The project would create 41 jobs.
   Loffredo Gardens, a fresh produce distributor, is proposing to build a $7 million food processing facility in Norwalk, creating six new jobs. The company is seeking up to $401,000 in tax credits.
   Carter Lake steel fabricator Owen Industries is proposing a $34 million project to build a new factory adding 16 jobs. The company wants a $50,000 forgivable loan and $2 million in tax credits.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed
Advertise with us!
Brought to you by:
Brought to you by:

Washington Times

Sponsored content