- Associated Press - Friday, May 16, 2014

DES MOINES, Iowa (AP) - State officials have approved tax credits to companies planning expansions in Cedar Falls and Milford.

The Des Moines Register reports (http://dmreg.co/1jD5GGj ) the Iowa Economic Development Authority Board on Friday awarded more than $1.3 million in tax credits to Deer & Co., which plans to add two buildings and more equipment to a tractor testing lab in Cedar Falls.

The state requires Deere to retain 29 jobs in order to receive the tax credits.

The board approved a $300,000 forgivable loan and $706,000 in tax credits for Minnesota-based Polaris Industries. The snowmobile and ATV manufacturer plans to install a new assembly line to produce off-road vehicles at its plant in Milford, in northwest Iowa.

The company says it will add 150 jobs in Milford.

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Information from: The Des Moines Register, http://www.desmoinesregister.com

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