Gov. Chet Culver and CGS Tyre have announced that the company will invest $43 million in a new agricultural tire plant in Charles City, IA. The announcement was made at the Farm Progress Show.
CGS Tyre said it would create 159 jobs at the new plant, which is expected to open in 2012.
Gov. Culver said the Iowa Department of Economic Development has been talking about bringing the company to Iowa for the past six years. CGS Tyre and the Iowa DED signed an agreement at the news conference this week.
You Might Like:
- North Dakota Incentives and Workforce Development GuideA comprehensive list of North Dakota financial aid, loans, grants, abatements, workforce development, exemptions, funds & capital investment opportunities.
- Wonderful Group To Invest $150M, Create 220 New Jobs In Lebanon, TNTile and ceramics company Wonderful Group will invest $150 million and create 220 new jobs in Lebanon, TN, the largest-ever capital investment made in the state by a Chinese company.
- Reser’s Fine Foods Investing $86.5M In Topeka, KS PlantThe new 300,000-square-foot food processing facility will create 180 new jobs with the help of $665,000 in performance-based incentives.
- Automotive Supplier Growing In Northeast IndianaVentra Angola will invest $8.1M and create up to 88 jobs in Angola, IN with the help of up to $675,000 in tax credits and training grants from the state.