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Eastern Iowa bakery to receive tax credits

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    May 25, 2014 | 9:32 am

    BURLINGTON, Iowa (AP) - An eastern Iowa bakery will receive nearly $400,000 from the state over the next 10 years for creating more than two dozen new jobs paying a higher-than-average wage.

    Burlington is one of five cities in the state that qualify for the Targeted Jobs Withholding Tax Credit program, which has been administered by the Iowa Economic Development Authority since 2003. The other four cities are Council Bluffs, Fort Madison, Keokuk and Sioux City.

    The Burlington Hawk Eye reports that Bakerís Pride was awarded the grant this week for promising 27 jobs that will pay more than the countywide average of $17.09.

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