17 Dec 2010
ERJ staff report (DS)
Des Moines, Iowa -- The Iowa Department of Economic Development has approved financial aid of $3 million to Genencor (a division of Danisco US Inc.) for a proposed research facility in Cedar Rapids to develop its product BioIsoprene. The news came in a press release from IDEC dated 16 December.
IDEC said the proposal would represent $27.7 million in total project costs. State incentives would support the creation of 22 new jobs. The assistance comes from the Value-Added Agricultural Component of GIVFAP. The board also approved tax incentives for the project through the Enterprise Zone program.
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Press release from IDEC (Scroll down or search on Genecor)
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