Fortune 100 company deal confirmed

Land for potential new project CLEAR LAKE, IA

CLEAR LAKE, Iowa- A major developmental project is now officially coming to Clear Lake with construction to begin this spring.

Although the company’s identity will remain confidential, the City of Clear Lake and North Iowa Corridor Economic Development Corporation announced Monday that the deal had been finalized.

The project will bring 164 permanent full time jobs with average wages of $39,000 a year.

Along with permanent full-time positions, the project will also create 385 one-time construction jobs and an estimated 100 extra jobs indirectly.

Last month the City of Clear Lake and Cerro Gordo County approved an incentives package to help secure the project.

The company’s identity is expected to stay confidential throughout the construction process which is estimated to last around 18 months.

 

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