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State demands return of grant from AgSugar Vertecra
Iowa’s economic development agency orders Vertecra Inc. formerly AgSugar International to repay a $250,000 state grant and cease using other public aid after finding contract non compliance and material misrepresentation. The April 26 letter from Craig Block cites failure to meet project performance, misused funds, and unapproved contract changes. The action blocks tax credits tied to the award. Investigation, Page 7A.
MENTIONED IN THIS ARTICLE
Rick Smith
Gazette
Cedar Rapids
Iowa
Iowa Economic Development Authority
AgSugar International
Vertecra Inc
Craig Block
AgSugar International/Vertecra
EDA