The Iowa Economic Development Authority Board voted 8-1 to approve about $11.5 million in state incentives for Prestage Farms, which plans to build a pork processing facility in Wright County. To qualify for the state incentives, Prestage has committed to create a minimum of 922 full-time jobs, reports the Des Moines Register. At least 322 of those positions must pay at least $15.54 per hour.
Wright County is also considering $8 million in local tax breaks, about 30 percent of Prestage's $2.7 million annual property tax bill, officials there have said. The state incentives are contingent upon local approval of Wright County's incentive package.