PIONEER EXPANSION: Tax Incentives Approved
The Iowa Economic Development Authority approved over $4 million in state tax cuts for Pioneer Friday.
The money will help in a $50 million expansion project at the Johnston site.
It’ll include 180,000 square feet in offices and lab space and 39,000 square feet for a greenhouse.
The company says the project will create 100 new jobs.
The director of the Iowa Economic Development Authority, Debbie Durham, says this project creates good paying jobs.
“We know research and development jobs are one of the highest paying jobs in the economy. We also know that when a company does research and development they are more likely to do further processing and manufacturing. So we see this as another win for Iowa and we are very pleased, in fact I welcome Pioneer and DuPont to come back every month with projects such as this,” Durham says.
According to Durham, Pioneer which is owned by DuPont has invested $68 million since Governor Branstad took office in January of 2011.