State helps fund Iowa business startups and expansions

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Posted: Saturday, January 18, 2014 12:00 am | Updated: 11:26 am, Tue Mar 25, 2014.

DES MOINES (AP) — Several business expansions and new business startups received state incentives Friday from the Iowa Economic Development Authority.

General Mills Inc. plans a $58million project to convert 10,000 square feet of warehouse space in Cedar Rapids to a food-manufacturing area. The Minneapolis-based company was approved for a $200,000 loan, $3.2million in state tax credits and $85,000 in Alliant Energy tax rebates. The project would create 41 jobs.

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