Iowa Incentives Spur Jobs and Investment Amid Recoupment Debates
Iowa has provided tax credits and cash aid since 2003 to support 920 projects, totaling over 1.5 billion dollars. Companies promised 5.4 billion in spending and 15,000 jobs since 2011, with some failing to meet goals and owing 7.5 million in clawbacks. Major firms like Orascom and Wells Dairy feature in ongoing recoupment discussions, while state officials defend incentives as a tool in a global economy.
MENTIONED IN THIS ARTICLE
Iowa
Economic Development Group
Marcelyn Love
Illinois Department of Commerce and Economic Opportunity
Quad- City Times
Joe Bolkcom
Diowa City
Orascom
Illinois
Lee County
U.S
Associated Press
AgSugar International
AgSugar
Vertecra
Iowa IEDA Incentive Programs Spotlight Two Options
The Iowa Economic Development Authority outlines two incentive tracks. One offers up to 1500 dollars for non retail ventures locating or expanding in Iowa with wage and benefit requirements. The other provides up to 150000 dollars for high tech prototypes with matching funds and a commercialization focus.
MENTIONED IN THIS ARTICLE
Iowa Economic Development Authority
Iowa
IEDA
New Iowa Incentives Record Shows 920 Projects Since 2003
Iowa began tracking state aid projects in 2003 with eight spreadsheets covering more than 920 ventures totaling 1.5 billion dollars through June 30. As of that date 37 projects valued at 101 million were in negotiations, while others were declined, in performance, maintenance, closed, in settlement, default, or in collections. Vivakor Inc faced eviction challenges after a 150 thousand dollar grant and a failed renewal, leaving founder Tannin Fuja and a dwindling staff. The state auditor and lawmakers weigh raising tax credit caps to 185 million annually amid concerns of business investments flowing from incentives.
MENTIONED IN THIS ARTICLE
Wells Fargo
IBM
Google
Iowa
Hoffman
Economic Development Authority Board
Orascom Construction Industries
Lee County
Illinois
The
Gazette
Vivakor Inc
Coralville
Iawa
Tannin Fuja
VJS Executive
van Winkle
Fuja
Vivakor
Irvine
Calif
Polk County
Economic Development Authority
Debi Durham
Swenson
Paul
Vatican Conclave Dates Possible For Pontiff Install By March 17
Vatican officials weigh timing for a papal election after Benedict XVI’s resignation on February 28. Lombardi notes a 15 to 20 day waiting period to gather cardinals, with Holy Week starting March 24 and Easter March 31, aiming for a new pope by March 17. Benedict met Monti and Italian bishops in his final audiences before retirement.
MENTIONED IN THIS ARTICLE
Vatican
Lombardi
Rome
Benedict XVI
Benedict
Cardinal
Franc Rode
Mario Monti
The
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Peregrine Financial Group
Cedar Falls
PFG
Russell Wasendorf Sr
Wendy Gady
Wash
Ington
Curt Nelson
Cedar Rapids
Wendy
Nelson
Gady
West Chester Savings Bank
Washington
Pohaku
Gadys
Hawaii
U.S. Department of Labor
Ilinois
Pat Quinn
Bolkcom
Iowa City
Wells Dairy
le Mars
David Swe
Owa
Jniver
AgSugar! Inc International
Jim Slosiarek
the Gazette
Wendy Gady Pohaku
Entrepreneurial Development Center
Sen
Joe
Lown
Ieda Board of Directors
VentureNet Iowa
Ieda Board
Erin Jordan
Department of Economic Development
Sourcemedia.net
Deu
Surnam
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