.jpg){kind=small}
The state of Iowa has paid tens of millions of dollars in tax benefits and loans in 2012 to nearly 70 companies that promise to create about 2,000 jobs.
It was an unprecedented year for economic development. The state landed huge fertilizer projects in Lee County and Sioux City, each involving capital investments exceeding $1 billion.
Companies receiving state incentives pledge to spend $3.7 billion in the state to build facilities or expand existing businesses.
The Iowa Economic Development Authority says it spent about $12 million on loans to companies expanding or locating in Iowa during the year. The agency did not immediately have a breakdown of tax credits awards offered this year alone, but says it made more than $151 million in tax credit awards in 2011 and 2012.
Most Popular Today
- 1.Your Money Matters
Update On Empire Mall Remodel - 2.Development
Millions In Projects Face Delays - 3.Development, General
Neighborhood Group Responds To Zoning Accusations - 4.Development, General
Lower Brule Sioux Tribe Seek Approval of SD Casino - 5.Development, Outdoors
Greens At Risk - 6.Your Money Matters
Art As An Investment - 7.Economy/Stocks
Wednesday Morning Business Brief - 8.Economy/Stocks
Tuesday Afternoon Business Brief - 9.Economy/Stocks
Wednesday Afternoon Business Brief - 10.General, Non-Homepage
Attorney General Reaches Agreement With Penguin Group Inc. To Resolve E-Book Price-Fixing Allegations
