Cedar Rapids council backs $14.5M incentive deal for BAE

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Corridor Business Journal: A $14.5 million local incentive package to attract a new BAE Systems classified defense facility for GPS products is moving forward in Cedar Rapids. Citing the importance of some 650 jobs during a time of recession and gaining a new aerospace industry for the city, City Council members on Tuesday unanimously authorized staff to negotiate a final development agreement. City economic development analyst Caleb Mason said the project will consolidate the current military GPS operations of Collins Aerospace, which BAE is acquiring. Most of the jobs are already in Cedar Rapids, but  they were at risk because other communities were bidding for the project.

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