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DowDuPont to Set Business Center in Iowa

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The planned DowDuPont merger will not have its world headquarters in Iowa.

However, after splitting into three companies, Iowa will be home to the Global Business Center for the agriculture company section based in Johnston.

The Iowa Economic Development Authority met today to discuss some of the financial incentives that includes a $2 million forgivable loan and a $14 million tax credit for research activities.

The project will retain 250 to 500 jobs.

Debi Durham director of IEDA says, "Iowa was successful in all of our efforts, making the case to the company for why Iowa should be the location for this global business place for seed and biotechnology that will serve us well into the future."

In all, the total project budget is around half a billion dollars, and would be a seven year long program.

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