Values Fund awards nearly $33 million in 2009
By Joe Gardyasz, joegardyasz@bpcdm.com
Des Moines Business Record
"Despite a tumultuous economy, the state provided nearly $33 million in direct incentives to dozens of Iowa companies seeking to expand in 2009.
However, dozens of other companies that had received awards in previous years also came before the Iowa Economic Development Board in 2009 to seek contract extensions or negotiate repayment agreements. State officials say they don't expect a big increase in companies changing their expansion plans, though.
The board awarded $32.7 million from the Grow Iowa Values Fund to 52 companies in calendar year 2009, according to a review of press releases issued by the Iowa Department of Economic Development (IDED).
IBM Corp. received the largest Values Fund award in 2009, $11.7 million for its $93 million technology services center in Dubuque. The company has pledged to create 1,300 high-paying technical jobs in Eastern Iowa..."
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