Department of Economic Development's board awards incentive packages

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The Iowa Department of Economic Development’s board approved incentive packages Thursday for eastern Iowa companies looking at expanding their operations or recovering from last year’s floods.  The board:

-Approved $1.5 million in enterprise zone tax credits for Kraft Foods Global Inc., which is considering a $25 million expansion of its Davenport facility to meet demands for its products. If Davenport is selected as the company’s site for expansion, the expansion would create 45 new jobs over the next two years there.

- Approved $900,000 in enterprise zone tax credits to Von Maur of Davenport for an $8.6 million office, warehouse and distribution facility for its Internet retailing business.

 

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