Update -
By: Channel 9 Eyewitness News
news@kcautv.com
So how many jobs will CF Industries $1.7 billion dollar expansion of Port Neal create? According to CF's official press release the project will create 100 direct jobs and 700 indirect jobs.
Employees that are directly working at Port Neal will have an annual starting salary of $55,000 which will go up to $85,000 once the employee is fully certified.
Update -
By: Channel 9 Eyewitness News
CF Industries is proposing a $1.7 billion dollar expansion of the Port Neal plant. It's the largest industrial project in Iowa history. Company leaders expect the work to be done by 2016.
At a meeting held Thursday afternoon, the Woodbury County Board of Supervisors approved a 20-year tax abatement program for the project worth $161 million. The county will also assume the costs of constructing a $5 million access road to plant.
County Supervisor Larry Clausen said, "[There are] so many zeros [with this project], it's hard to fathom this."
The Sgt. Bluff School District could be the biggest winner – they can expect about $68 million in taxes over 20 years. The project will also bring a large number of construction jobs in addition to a number of jobs will add at the plant. That number has not been announced.
Stay tuned to Channel 9 Eyewitness News at 5, 6 & 10 for team coverage of this announcement.
Update -
By: Channel 9 Eyewitness News
news@kcautv.com
What is "Project X"? According to a press release from Iowa Governor Terry Branstad's office, it is a major capitol investment for the state of Iowa. According to the series of meetings slated across the state today, it looks like the investment will be one made in Woodbury County.
The Governor will be joined by Lt. Governor Kim Reynolds and Iowa Economic Development Authority Director Debi Durham in Sioux City at 4pm Thursday to make this major announcement.
Before this press conference happens, members of the Iowa Department of Economic Development's Due Diligence committee will meet at 3pm to discuss a funding incentive package for what is only labeled "Project X". Then at 3:05 Woodbury County Supervisors will also be holding a meeting to discuss the mysterious project. Following those meetings will be an official announcement here in Sioux City by state leaders.
We are going to have team coverage of Thursday's announcement. We will crawl information at the bottom of your screen as soon as we know the details. In addition, we will stream the 4pm press conference live on our website.
By: Channel 9 Eyewitness News
news@kcautv.com
State and local officials will hold special meetings today to consider a mysterious project dubbed "Project X".
State and county officials are currently remaining tight lipped about the project.
At 3:00 p.m. In Des Moines, the Iowa Economic Development Authority is scheduled to review financial assistance awards for the enigmatic project.
And at 3:05 p.m. today the Woodbury county board of supervisors is scheduled to discuss "project x".
Stay tuned to Channel 9 Eyewitness News for the latest information on this mysterious project.
