Branstad Set to Announce $1.8B Economic Investment
Posted at: 05/08/2013 11:39 AM
DES MOINES, Iowa (AP) - Gov. Terry Branstad is scheduled to announce an economic development project that he is touting as the largest in state history.
A news conference is set for Wednesday afternoon in the Iowa Capitol.
A press release says that Branstad and Lt. Gov. Kim Reynolds will announce the "largest-ever economic development investment in Iowa."
To be the largest economic development project, the new proposal would need to top the construction of a $1.8 billion fertilizer plant in southeast Iowa's Lee County. That plant is being built by Orascom, a company based in Egypt.
Branstad has made job creation and business attraction a key focus of his administration.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)