CEDAR RAPIDS, Iowa (KCRG) – Iowa lawmakers may exclude Iowa’s four most populous counties from getting state money to help grow businesses.
The House study bill would put a three-year moratorium on economic development funding in four counties including Linn and Johnson. Polk, Linn, Johnson, and Scott counties have a combined population of just more than a million people. That’s roughly a third of the state’s population, but a new bill in the House would block any economic development funding for three years starting in July.
Ingredion is ready to break ground on a $47 million expansion at its Cedar Rapids plant. On Friday, the Iowa Economic Development and Finance Authority announced tax benefits through the state’s ‘High Quality Jobs Program.”…