Panel OKs incentives for Google, other companies

News

April 20th, 2012 by Ric Hanson

DES MOINES, Iowa (AP) — A state panel has approved more than $22 million in tax credits to help businesses expand in Iowa, including more than $9 million for Internet giant Google. The Iowa Economic Development Authority board approved the credits Friday in hopes of creating 403 new jobs, retaining another 44 positions and attracting $389 million in business investment. The financial aid went to 11 companies, with the most prominent being Google. The company is considering making a $300 million investment in Council Bluffs, where it already operates a data center. If Google expands there, it would mean at least an initial 35 new jobs and later at least 50 jobs. Other companies receiving state aid include the John Deere Dubuque Works, Pioneer Hi-Bred International and Whirlpool Corporation’s Amana division.