The international publishing company McGraw-Hill plans to expand its operations in eastern Iowa, by building a new facility at the Port of Dubuque. The Dubuque city council approved an incentive package worth thirty-two-million dollars, including forty-four added jobs and a ten-year tax increment financing worth six-million dollars.
Other highlights include a five-hundred-thousand dollar forgivable loan and five-hundred-thousand dollars worth of land grants. McGraw-Hill would be the first non-tourist business to settle in the port, which is Dubuque’s tourist hotspot. McGraw-Hill officials received approval to send an application to the state Department of Economic Development for the incentive package.