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The Louisa County Board of Supervisors appointed a new committee to help determine a local match for tax incentives that were recently announced for the Columbus Junction Tyson plant.
The Iowa Economic Development Authority has awarded Tyson with $537,337 in Investment and Sales, Service, and Use tax credits through their High Quality Jobs program which requires a county match. Tyson is investing $15.4 million in capital to the facility’s traditional stunning process with a new CO2 process, which is expected to create 10 jobs. Members appointed to the committee include County Supervisor Brad Quigley, Louisa Development Group Executive Director Cole Smith and Southeast Iowa Regional Planning Commission Executive Director Mike Norris. Smith explains that the committee is in the preliminary stages of choosing a match as Tyson begins work on their facilities, “The way that the state level incentives are structured, they can start whenever. So Tyson could start the projects right now if they like. You can start without having the local support match. That’s something that we can take our time through and make sure we’re getting all our bases covered. Use what’s best not only for the residents of Louisa County but find a deal that’s going to work for everyone.”
Smith adds that while there is no set date to a match chosen by, it is a high priority for the board. The committee will continue discussions on next steps during the next supervisors meeting.