Agency OKs tax credits for Heinz in Muscatine

DES MOINES, Iowa (AP) — The Iowa Economic Development Authority has approved tax credits for an expansion by H.J. Heinz that could mean more than 100 jobs at the company’s plant in Muscatine.

The Des Moines Register reports (http://dmreg.co/JQVd0l ) the agency approved $825,000 in tax credits for the Pittsburg-based food maker, which has plans for a $24.5 million expansion of its plant, which produces ketchup and mustard as well as other items.

To receive the tax credits, the company must create 106 jobs. The state award also must be matched by an award by the city of Muscatine.

The state agency also awarded $75,000 in loans to ConnectFive, an Iowa City computer design firm that plans to move to a larger building in Coralville. ConnectFive must create 10 jobs.

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Information from: The Des Moines Register, http://www.desmoinesregister.com

About Chris Berg 3693 Articles
Chris was born and raised in Webster City, IA. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki and a daughter Brynlee.