Targeted Jobs passes first hurdle - KTIV News 4 Sioux City IA: News, Weather and Sports

Targeted Jobs passes first hurdle, could face a challenge in the House

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SIOUX CITY, Iowa (KTIV) -

A state program that local leaders say has injected nearly $100-million into the local economy is one step closer to being renewed.

This week, the senate passed a five-year extension of the Targeted Jobs Tax Withholding Bill on a 47-3 vote.

Companies that make a half-million dollar capital investment or create ten new high-paying jobs get a tax break.

State Senator Rick Bertrand said preserving the program didn't come without a fight.  Extending the bill without expanding it beyond the five cities it benefits, was a tough sell.

However, he said Targeted Jobs is the economic development tool of the future.

"This is one of those programs that clearly gives us a way to level the playing field when it comes to South Dakota and Nebraska.  If you look over the past five years, we've had over 30 specific projects just in Sioux City and Northwest Iowa that have been connected to this specific pilot program," said Bertrand.

The bill now moves from the Democratically-controlled Senate to the Republican-controlled House.

Republican Ron Jorgenson is optimistic the bill will pass.  Democrat Chris Hall agrees, but said it may face a few roadblocks, first.

"When you have twice as many legislators in the house, there are twice as many opportunities for concerns or amendments to come up that might be out of left field, or kind of unexpected," said Hall.

Hall says the bill could come to the House floor for debate as early as next week.   

 

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