City of Hamburg receives $500-k award for levee reinforcement
June 22nd, 2012 by Ric Hanson
Officials with the Iowa Department of Economic Development, Friday, announced that the City of Hamburg was awarded $500,000 in direct financial assistance, to maintain and supplement as needed, the existing federal levee and install three new flood-closure gates on highways in and around the city. The levee will then continue to protect businesses, employees and citizens who represent the majority of industry in Fremont County. The project represents a $2.2 million capital investment.
The award was announced following action Friday by the Iowa Economic Development Authority (IEDA), which awarded financial assistance to 10 companies in all, and one community, for job creation and expansion projects. The awards will assist in the creation of 238 new jobs, retention of 142 jobs and will result in $77 million of new capital investment to the state.
In addition to assistance provided to Hamburg, the board approved assistance for planned or proposed projects located in Ames, Farley, Dubuque, Polk County, Clinton, Keokuk County, Orange City, Urbandale and Davenport.