Cargill plans a significant expansion in eastern Iowa. Cargill plans to expand its corn milling facility in Cedar Rapids and will spend 26 million dollars to do it. Most of the money will be used to buy machinery and equipment. Company officials say 20 new jobs are connected to the expansion, and the wages for those jobs could be as high as 14 dollars per hour. Cedar Rapids officials say Cargill will get a property tax exemption for up to 10 years, a break on its Iowa corporate income tax and an R-and-D tax credit. The project qualifies for a state program which refunds all state sales taxes paid on materials or to contractors working on the project.
