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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 22, 2012
Page
6
Officials describe a collaborative approach as Lee and neighboring counties compete for a fertilizer plant project. The package includes a $2 million state grant and $31.5 million in tax incentives plus Orascom potential $1.2 billion in Midwest Disaster Bonds. County leaders seek regional cooperation and stronger oversight of incentive promises.
Orascom Construction Industries interest in a 1.3 billion fertilizer plant in Scott County faces wage incentives tied to state rules. Iowa Economic Development Authority data show Lee County bids offered lower pay, reflecting county wage averages. The authority plans a labor shed reform from 99 to 126 regions, awaiting rules approval.
The city shows a surge of entrepreneurship and renewed activity with tech startups and cafés while vast pockets of poverty persist. In the Bywater and Lower 9th Ward, crime and blight remain, with still abandoned homes and displaced families. Residents fear gentrification may push out longtime communities as redevelopment continues.
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