Dubuque proposes incentives for Hormel expansion

DUBUQUE, Iowa (AP) — The city of Dubuque is proposing an economic development package that could provide about $4 million in city and state benefits to Hormel Foods as an incentive to expand in Iowa.

The Dubuque Telegraph Herald reports (http://bit.ly/1b2xY9A ) Saturday that Hormel is considering Dubuque for a $31 million expansion that would create 100 jobs in two new production lines at its meat processing plant.

Hormel says it’s considering other locations for the project.

The Dubuque City Council is considering asking the state to contribute to an incentives package worth up to $4.2 million.

It will include $1.3 million in city property tax benefits over five years. The package also includes state investment tax credits, sales tax exemptions, and job training funds in partnership with Northeast Iowa Community College.

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Information from: Telegraph Herald, http://www.thonline.com

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