http://www.dmregister.com/apps/pbcs.dll/article?AID=/20060620/BUSINESS04/606200379/1001Report: Job promises being kept
Report notes economic successes in 'amazing' number of projects<snip>
The report released Monday shows 196 companies have created about 5,300 new jobs in Iowa and invested $1.6 billion in new buildings and equipment over about 2 years. The projects - 93 percent of which are "on schedule or completed" - have retained about 2,700 jobs.
The Iowa Department of Economic Development report also shows that 19 companies have declined incentives from the Iowa Values Fund, and that five companies owe the state about $700,000 after failing to reach their goals, money the state says it is aggressively pursuing. Together, those projects represent 1,757 jobs and $201 million in capital investment.
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The jobs created pay an average annual wage of $37,086, nearly 15 percent more than the state per capita income of $32,315, the report shows.
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The state excluded 122 companies that received awards but were too new to have made significant progress toward the jobs and investment goals. Those companies have pledged to create nearly 11,000 jobs and invest $1.5 billion in new offices, plants and equipment.
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Much, much more at the site - what do you think of the report? (and how do we get the $700,000 in tax-payer money back from the companies that didn't live up to their promise?) :shrug: