Target Corp., which operates one of state’s largest distribution centers in Cedar Falls, Iowa, will construct another 400,000 square foot specialized center nearby for distribution of fresh produce and frozen and refrigerated foods to Midwest stores.
Target’s $86 million project was awarded tax benefits from the High Quality Job Creation program to create 51 jobs, 37 of the jobs paying an average wage of $23.62 per hour, plus benefits.
Construction will start late this year and be completed by late 2009. The High Quality Job Creation program provides qualifying businesses with tax benefits to offset the costs incurred to locate, expand, or modernize an Iowa facility.
Tax benefits may include refunds of sales taxes on construction and racks, shelving, and conveyor equipment for distribution centers as well as an investment tax credit.
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