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Charles City company receives financial incentive from IED Board

This news story was published on October 25, 2011.
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DES MOINES – At its first official board meeting, the new Iowa Economic Development Authority Board members approved awards today that will create up to 593 jobs in Iowa and retain another 105 jobs.

The board approved incentives for planned or proposed projects located in Des Moines, Charles City, Fort Dodge, Coralville, Urbandale, Davenport, Underwood and Independence.

Cedar River Poultry, LLC seeks assistance for renovation of Charles City facility
The board approved enterprise zone tax incentives to Cedar River Poultry for roof repairs and flooring reconstruction at its Charles City plant in order to meet USDA specifications.

It also requires the ammonia refrigeration system be renovated to ensure safe working conditions for the employees. The company proposes to process spent laying hens.

The project is expected to create 140 jobs, of which 26 will be supported by state incentives.

“I am encouraged by the economic activity that is currently taking place in Iowa,” said Governor Terry Branstad. “I am particularly pleased with the diversity of companies that are choosing Iowa for company expansions or relocations.” He continued, “It is also exciting to see that we are already reaping benefits from our recent trade mission to Asia. With Cargill’s decision earlier this year, and now with the board action today to assist CJ Corporation to locate nearby, I envision a biorefinery complex in Ft. Dodge that continues to successfully expand and benefit the region.”

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