A bidding war between Iowa and Illinois ended yesterday, as an Egyptian company’s representative stood with Governor Terry Branstad to announce plans for a $1.4 billion fertilizer plant in Lee County. A package of state, federal, and local tax incentives worth hundreds of millions of dollars will support the project, costing taxpayers more than $1 million for each of the 165 permanent jobs created.
Continue Reading...Fertilizer plant deal involves largest tax incentive package in Iowa history
- Thursday, Sep 6 2012
- desmoinesdem
- 6 Comments