WIUM Tristates Public Radio

Economic Development Lee County

It will soon be easier for residents of rural Lee County to recycle.

Lee County is pledging its support to an effort to land a new industry.

The Board of Supervisors has agreed to meet, or even exceed, the 20% local match required for Iowa Fertilizer Company to receive state funding.

The company is considering the county for a $1.3-billion fertilizer plant.

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.

The Iowa Economic Development Authority Board is paving the way for a pair of projects in southeast Iowa.

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.

The funding for Iowa Fertilizer Company will come through a forgivable loan, a loan, and tax benefits.

The company is a subsidiary of Orascom Construction Industries out of Cairo, Egypt.