Iowa businesses seek state incentives to expand

DES MOINES, Iowa (AP) — Iowa Economic Development Authority is considering financial incentives for several proposed business expansions.

General Mills Cereals is proposing to convert warehouse space in Cedar Rapids to a food manufacturing area. The project cost is $58 million. The company wants a $200,000 loan, $3.2 million in state tax credits, and $85,000 in Alliant Energy tax rebates. The project creates 41 jobs.

Loffredo Gardens, a fresh produce distributor, proposes to build a $7 million food processing facility in Norwalk. The company, creating six new jobs, seeks up to $401,000 in tax credits.

Carter Lake steel fabricator Owen Industries is proposing a $34 million project to build a new factory adding 16 jobs. The company seeks a $50,000 forgivable loan and $2 million in tax credits.

Chris Berg

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 significant other Vicki and a daughter Brynlee.

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