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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.
 
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