.bodytext {float: left; } .floatimg-left-hort { float:left; margin-top:10px; margin-right: 10px; width:300px; clear:left;} .floatimg-left-caption-hort { float:left; margin-bottom:10px; width:300px; margin-right:10px; clear:left;} .floatimg-left-vert { float:left; margin-top:10px; margin-right:15px; width:200px;} .floatimg-left-caption-vert { float:left; margin-right:10px; margin-bottom:10px; font-size: 10px; width:200px;} .floatimg-right-hort { float:right; margin-top:10px; margin-left:10px; margin-bottom:10px; width: 300px;} .floatimg-right-caption-hort { float:left; margin-right:10px; margin-bottom:10px; width: 300px; font-size: 10px; } .floatimg-right-vert { float:right; margin-top:10px; margin-left:10px; margin-bottom:10px; width: 200px;} .floatimg-right-caption-vert { float:left; margin-right:10px; margin-bottom:10px; width: 200px; font-size: 10px; } .floatimgright-sidebar { float:right; margin-top:10px; margin-left:10px; margin-bottom:10px; width: 200px; border-top-style: double; border-top-color: black; border-bottom-style: double; border-bottom-color: black;} .floatimgright-sidebar p { line-height: 115%; text-indent: 10px; } .floatimgright-sidebar h4 { font-variant:small-caps; } .pullquote { float:right; margin-top:10px; margin-left:10px; margin-bottom:10px; width: 150px; background: url(http://www.dmbusinessdaily.com/DAILY/editorial/extras/closequote.gif) no-repeat bottom right !important ; line-height: 150%; font-size: 125%; border-top: 1px solid; border-bottom: 1px solid;} .floatvidleft { float:left; margin-bottom:10px; width:325px; margin-right:10px; clear:left;} .floatvidright { float:right; margin-bottom:10px; width:325px; margin-right:10px; clear:left;} In a special meeting held this afternoon, the Iowa Economic Development Board approved a loan package of $1,632,000 to Aviva USA for its planned construction of a 360,000-square-foot headquarters campus in West Des Moines.

The award consists of $1.5 million in forgivable loans, with $1 million coming from the Physical Infrastructure Assistance Program and $500,000 from the Community Economic Betterment Account. Aviva will also receive a no-interest loan of $132,000 through the CEBA program.

The insurance company is also eligible for nearly $13.4 million in other incentives, including more than $11 million in investment tax credits and more than $2.3 million in refunded state sales, service and use taxes from the construction project.

The award represents a good investment for the state, said Toby Shine, who chairs the due diligence committee that recommended the award. “The return on investment looks pretty good to me,” he said. Aviva USA, currently based in downtown Des Moines, is a subsidiary of London-based Aviva plc, which last year completed its acquisition of AmerUs Group Co.

Aviva officials have said the project represents an investment of between $135 million and $150 million for the company. Aviva has added approximately 200 jobs in the past six months in Greater Des Moines and expects to add at least 400 more during the next three years.

According to the package prepared for the board, the 485 jobs that qualified Aviva for the state funds will pay an average wage of nearly $40 an hour.