A Charles City company’s expansion project is getting some help from the state.
The Iowa Economic Development Authority (IEDA) Friday approved tax breaks for Zoetis, which is planning to expand its manufacturing facility by almost 95,000 square feet to create additional temperature-controlled spaces, manufacturing storage and processing equipment. IEDA awarded the company tax benefits through the High Quality Jobs program.
Zoetis is making a total capital investment of over $75 million for the expansion which is expected to create 70 jobs, 17 of which could start at a qualifying wage of $20.58 per hour.
Zoetis Incorporated is an animal health business that focuses on the discovery, development, manufacture and commercialization of medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision technology.
State tax breaks were also approved for projects in Council Bluffs, Creston, Fairfax and Fort Dodge. IEDA also approved innovation funding in support of two startups located in Coralville and Des Moines.