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Hewlett-Packard, Pioneer projects approved


The Iowa Department of Economic Development (IDED) board of directors this morning approved financial incentives for two major expansion projects in Greater Des Moines.

The board awarded $600,000 in direct financial assistance to Hewlett-Packard Co. (HP), which is proposing to build a logistics center near an existing facility in Des Moines. HP plans to lease a 300,000-square-foot build-to-suit facility on roughly 20 acres.

The $16.7 million expansion is expected to create 150 new jobs, 10 of which are supported with state incentives. Another 62 jobs are expected to be retained because of the awards.

The board also awarded tax incentives through the High Quality Jobs program to Pioneer Hi-Bred International Inc. to expand its operations in Johnston. The plant genetics company plans to construct additional offices, a state-of-the-art insectory, new growth chambers for plant breeding and a greenhouse for fast corn technology.

The $147 million project is expected to create 138 jobs supported by state incentives. Pioneer employs more than 2,100 workers in Iowa.

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