Economic Development Lee County en Lee County Incentive Package <p>Lee County is pledging its support to an effort to land a new industry.</p><p>The Board of Supervisors has agreed to meet, or even exceed, the 20% local match required for Iowa Fertilizer Company to receive state funding.</p><p>The company is considering the county for a $1.3-billion fertilizer plant.</p><p>The Iowa Economic Development Authority Board has signed off on tax credits and $1.6-million in loans for the project, half of which would be forgiven if certain requirements are met.</p> Fri, 24 Feb 2012 04:29:30 +0000 Jason Parrott 10736 at Lee County Incentive Package Fertilizer Company in Lee County’s Future <p>The Iowa Economic Development Authority Board is paving the way for a pair of projects in southeast Iowa.</p><p>During a meeting on Friday, the board signed off on a $1.6-million dollar award for the development of a large-scale fertilizer plant on 300 acres of land near Wever in northern Lee County.</p><p>The funding for Iowa Fertilizer Company will come through a forgivable loan, a loan, and tax benefits.</p><p>The company is a subsidiary of Orascom Construction Industries out of Cairo, Egypt.</p> Sat, 18 Feb 2012 01:15:28 +0000 Jason Parrott 10436 at Fertilizer Company in Lee County’s Future