Wednesday, September 5, 2012

State May Raise Tax Credits to Land Fertilizer Plant Project

The biggest business incentives package in recent Iowa history may be going up, as state economic development officials are considering raising tax credits for a proposed fertilizer plant in the southeast Iowa from $35-to-$100-million over 4-years to land the $1.3-billion Orascom Construction project. The Des Moines Register reports some opponents, and there are several, say the price is too high for 165 permanent jobs.

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