• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / State grants and tax breaks awarded by state officials today

State grants and tax breaks awarded by state officials today

August 18, 2017 By O. Kay Henderson

A state board has handed out financial assistance and tax breaks to five companies — and state officials say those companies pledge 62 new jobs will be created.

Cambrex, a pharmaceutical company based in New Jersey, plans to expand its production facility in Charles City, Iowa. It’s getting $125,000 and some tax breaks from the State of Iowa for the project. Company officials expect 29 more people will be added to the Charles City payroll once the expansion’s complete.

The Iowa Economic Development Authority Board has extended tax breaks to four other companies that pledge to pay workers significantly more than the minimum wage. A Waterloo company that’s adding new freezer space is one of the companies that has qualified for state tax breaks. Crystal Distribution Services plans to hire one more worker when the facility is done.

Farmers Edge, a Canadian company, plans to build a soil testing laboratory in Grimes and hire five people to work at the lab. Highway Equipment Company plans to build new research and development facilities in Cedar Rapids and hire 14 people. The other company getting state tax breaks is Legacy Manufacturing in Marion. It is planning a 12-million dollar expansion of its existing facility and is promising to hire 13 more people.

The Iowa Economic Development Authority’s Board also provided a grant to the “StartUp Dubuque” program at Northeast Iowa Community College. A mentoring program in the Iowa City and Cedar Rapids area is getting a state grant, too. The “Startup Factory” at Iowa State University’s Research Park and a University of Iowa “hub” for entrepreneurs working on medical devices are each getting $200,000 grants.

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, Business, News, Politics / Govt Tagged With: Taxes

Featured Stories

Iowa State Patrol tactical team leader killed in Grundy Center stand-off

Finalists chosen for the state’s top burger

Paintings by Clinton woman gain a following in Europe

Iowa deadline for individual income taxpayers moved to June 1

Dialing rules changing for two area codes in Iowa

TwitterFacebook
Tweets by RadioIowa

New title sponsor for Des Moines Marathon

Iowa State adds Minnesota transfer

Cedar Rapids preparing for big return of sports events

Iowa Games returning with full slate of sports

Iowa’s Garza sweeps national awards

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC