Diamond V Mills to Expand Cedar Rapids Plant With 1.8 Million Tax Break
Diamond V Mills, based in Cedar Rapids, will add 56,000 square feet and 17 jobs at its 2525 60th Ave. SW facility with Iowa tax incentives totaling 1.8 million dollars. CEO Jeff Cannon notes Iowa’s competitive package after evaluating other states. The expansion, part of a 30 million plan, follows multiple incentives since 2008.
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Iowa
Diamond V Mills
Cedar
Iowa firms tap more than $500K in tax credits since 2008
Corridor companies have received over 500000 in tax credits from the Iowa Economic Development Authority under the High Quality Jobs and Enterprise Zone programs since 2008. Major incentives include 3 Diamond V Mills 4.18 million, Danisco U S 4.06 million, General Mills 3.2 million, Intermec Technologies 1.6 million, American Profil 1.4 million, Raining Rose 705171, Alpha Inc 646000, and Buffalo CODY 570000. Source: Iowa EDA.
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Iowa Economic Development Authority
Diamond V Mills
Danisco U.S
General Mills
Intermec Technologies Corp
American Profil
Raining Rose
Alpha Inc
Buffalo Cody
GM recall expansion follows Georgia lawyer push
Six days after GM recalling 800000 Cobalts and G5s for a possible engine shutdown, Georgia lawyer Lance Cooper sent regulators a letter suggesting more faulty GM models exist. On Feb 25 GM doubled the recall to include Saturn Ions and Pontiac Solstices due to ignition switches that can shut off with key ring weight or jostling, cutting engine power and airbags. The probes seek why GM failed to spot the danger earlier amid deaths tied to the cars. Cooper is credited with pushing the issue forward.
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Washington
General Motors
Lance Cooper
Georgia
Automaker
U.S
Washington, D.C
New York
Cooper
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