UPDATE: IA House passes Targeted Jobs - KTIV News 4 Sioux City IA: News, Weather and Sports

UPDATE: IA House passes Targeted Jobs

Posted:
DES MOINES, Iowa (KTIV) -

A bill that's helped several Sioux City businesses expand and add jobs is on it's way to the Iowa Governor's desk for extension.

House lawmakers passed a five-year renewal of the Targeted Jobs Program bill today on a 96 to two vote.

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

It's proven successful in helping Sioux City and other border towns compete with communities with better tax climates.           

Democrat Chris Hall says it's a huge win for Sioux City.

"It is responsible for almost 1,500 jobs in Sioux City as well as over $98 million dollars in private investment.  It is a true job creation bill and program," said Rep. Hall (D) Sioux City.

The bill passed through the Iowa Senate earlier this month.

 

 

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