Bomgaars set to begin multi-million dollar expansion
By Kristen Johnson, Multimedia Journalist/ Weekend Anchor - bio | email
A longtime Sioux City business is set to start on a multi-million dollar construction project.
Last week, Bomgaars announced its intention to expand its warehouse and add 15 jobs. Monday night, Sioux City leaders approved the company's application for the state's "Targeted Jobs Tax Withholding" program. They also set a date for a hearing to expand the tax increment financing district and give Bomgaars tax breaks on the $17 million project.
One city leader says spending energy on existing businesses is just as important as attracting new ones.
"Most of your jobs and most of your growth come from the companies that are here, especially the companies you can identify as growing companies. Bomgaars is a company that wants to grow and has been successful in growing," said Marty Dougherty, Sioux City Economic Development Director.
The state has created a package of tax incentives for the Bomgaars project. That includes the Targeted Jobs and the Enterprise Zone programs.
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