Fertilizer plant seeks more state incentives
DES MOINES (AP) – A $1.9 billion fertilizer plant under construction in southeast Iowa is asking for an additional $21.5 million in incentives from the state.
The Iowa Economic Development Authority Board was scheduled to consider the request from the Iowa Fertilizer Co. today.
It also includes additional sales use tax refund of $3.5 million.
According to board documents, approval of the request would bring the total amount of tax benefits the state has provided to the company to $107.5 million.
The construction of the plant near Wever is one of the largest economic development projects in state history.
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