Agency OKs Tax Credits for Heinz in Muscatine
DES MOINES, Iowa (AP) - The Iowa Economic Development Authority has approved tax credits for an expansion by H.J. Heinz that could mean more than 100 jobs at the company's plant in Muscatine.
The Des Moines Register reports the agency approved $825,000 in tax credits for the Pittsburg-based food maker, which has plans for a $24.5 million expansion of its plant, which produces ketchup and mustard as well as other items.
To receive the tax credits, the company must create 106 jobs. The state award also must be matched by an award by the city of Muscatine.
The state agency also awarded $75,000 in loans to ConnectFive, an Iowa City computer design firm that plans to move to a larger building in Coralville. ConnectFive must create 10 jobs.
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