The Iowa Economic Development Authority (IEDA) Board approved an award that will help create 14 new jobs at Eddyville’s Cargill plant. Linda Crookham-Hansen presented the project to the board Friday (5/22).
“Cargill in Monroe County, or Eddyville, will be making a $233 million investment.”
The expansion will include production facility construction, new bioprocessing and fermentation machinery and equipment, research and development and improvements to wastewater treatment capacity.
“They’re seeking $6 million: $4 million of investment tax credits and $2 million of sales, service and tax refunds.”
The Economic Development Authority Board awarded Cargill the tax benefits on the promise of the creation of the jobs at the wage of $17.46/hour.