(WGEM) -- The largest capital investment in the history of Iowa could bring up to 165 new jobs in Lee County.
The Iowa Economic Development Authority (IEDA) board awarded financial assistance to the Iowa Fertilizer Company Friday for job creation and expansion projects in Wever.
"In addition to the significant investment Iowa Fertilizer Company's proposed project would make in southeast Iowa, it will also bring good, high-paying jobs to an area of our state that has had its share of challenges," Lt. Gov. Kim Reynolds said in a release.
The IEDA Board approved direct financial assistance as well as tax incentives for a proposed project to build a new large-scale fertilizer plant in Wever.
The Iowa Fertilizer Company is also expected to receive financial assistance from Lee County.
The project represents an investment in excess of $1 billion and is expected to create 165 permanent jobs. In addition to the permanent jobs the project would create, approximately 1,500-2,000 construction-related jobs would also be expected.
Coming up on WGEM News at 5 and 6, we talk with local leaders about what this project would mean for the area.
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