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Kraft Heinz secures tax breaks from Iowa for Davenport plant

2015-11-05 21:54:45| Food - Topix.net

Kraft Heinz secured millions in tax breaks from Iowa economic officials on Thursday for a new plant in Davenport, one day after the food company announced it planned to close seven factories in the United States and Canada as part of a downsizing that will eliminate 2,600 jobs. The Iowa Economic Development Authority board approved $1.75 million in tax credits and a $3 million forgivable loan.

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