Cargill's Diamond V to return Iowa state tax credits
Cargill will return about US$2m to state of Iowa in tax credits after failing to hire as many employees for a facility in Cedar Rapids as originally pegged, according to local media outlet Des Moines Register. The Iowa Economic Development Authority (IEDA) board heard from Cargill last week that it would not be able to meeting commitments made on staffing levels the plant of one of its subsidiaries, animal nutrition supplier, Diamond V. The board approved the tax credits in 2016 as Diamond V announced it would expand the unit in Cedar Rapids, by 100,000 square fe...
Source: feednavigator.com