- Associated Press - Saturday, May 24, 2014

BURLINGTON, Iowa (AP) - An eastern Iowa bakery will receive nearly $400,000 from the state over the next 10 years for creating more than two dozen new jobs paying a higher-than-average wage.

Burlington is one of five cities in the state that qualify for the Targeted Jobs Withholding Tax Credit program, which has been administered by the Iowa Economic Development Authority since 2003. The other four are Council Bluffs, Fort Madison, Keokuk and Sioux City.

If a company’s location is within one of those cities’ urban renewal areas and creates 10 new jobs paying more than the countywide average, or invests $500,000 in real estate or equipment, it qualifies for the program and may apply.

Baker’s Pride was awarded the grant on Monday for promising 27 jobs that will pay more than the countywide average of $17.09, the Burlington Hawk Eye reported (https://bit.ly/1nfTdxY ).

In all, the bakery is adding 62 new jobs, with 35 of them being line-worker jobs paying $14 an hour.

Baker’s Pride also will be bringing new equipment online to improve its doughnut line and freezer facility and will add a new line of hot dog and hamburger buns. The machinery and equipment will cost about $7.8 million.

Computer hardware and software will cost about $90,000. About $1 million will be spent on research and development. In total, Baker’s Pride will invest about $9.6 million over the next 18 months.

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Information from: The Hawk Eye, https://www.thehawkeye.com


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