Injection molder Phoenix Closures Inc. will receive government aid as part of its $32 million investment in building a second plant in Davenport, Iowa.
According to a March 17 news release, the Iowa Economic Development Board approved tax incentives for Phoenix through the state's High Quality Jobs program to build the new facility.
In a March 18 telephone interview, board spokeswoman Kathy Anderson said the incentives include $700,000 in tax credits and about $342,000 in job-training grants.
Naperville, Ill.-based Phoenix plans to construct a 254,000-square-foot facility on a 20-acre site in north Davenport to accommodate new product lines, according to the Iowa Department of Economic Development in Des Moines.
Company officials did not return calls seeking comment.
The project represents a $23.1 million capital investment and is expected to create 68 new jobs, 19 of which are supported by the state incentives, according to the release.
Another 60 jobs are expected to be retained in Davenport, where Phoenix has operated a 140,000-square-foot plant since 2000.
The land for the expansion will be purchased by the Greater Davenport Redevelopment Corp., which will receive a $250,000 state loan to build a rail spur to the site. The city also will construct and install water and sewer service and build an extension of a nearby street to support the project.
In addition to its Illinois and Iowa plants, Phoenix operates a facility in Newport, Tenn.