(ABC News 6) – Cambrexa contract development and manufacturing organization headquartered in East Rutherford, New Jersey, plans to expand its facilities in Charles City.
The Board of the Iowa Economic Development Authority (IEDA) approved two awards, one to Cambrex and another to Google LLC at Council Bluffs, which will help create more 70 jobs and generate more $605 million in new capital investments for Iowa.
Cambrex will add 9,000 square feet to the existing footprint, including a new quality control lab and administrative space.
The project represents a $6.5 million capital investment and should create 40 jobs, most of which will be incentivized at a salary of $20.58 per hour.
The board granted the company tax benefits and $300,000 in direct financial assistance through the High Quality Jobs (HQJ) program. The Charles City site manufactures and supplies active pharmaceutical ingredients (APIs) for the treatment of ADHD, smoking cessation, oncology, Crohn’s disease and others.
Additionally, Google LLC will expand its presence in Council Bluffs, Iowa. The proposed project would involve the construction and operation of a data center that powers many Internet-related products.
At the request of the Town of Council Bluffs, the council has authorized a local property tax exemption under the HQJ scheme. This allows the city to provide the 20-year declining tax abatement approved by its city council on October 10, 2022.
The Google project will result in $600 million in new capital investments and create 31 jobs, most of which will be incentivized at a salary of $28.73 per hour.
For more information on the IEDA awards given to the two companies, CLICK HERE.