WVIK FM 90.3 recently issued the following announcement.
A defense contractor wants to expand its plant in Davenport, and it's asked the state and city for help. Cobham Mission Systems plans to spend 67 million dollars, and add 150 jobs.
Friday the board of the Iowa Economic Development Authority approved a package for Cobham adding up to 1.1 million dollars. It includes a 400,000 dollar forgivable loan, plus an investment tax credit, sales tax refund, and research activities credit.
The city of Davenport is considering a property tax break for the company of more than 156,000 dollars.
Cobham officials say the expansion will take about 3 years to complete.
Original source can be found here.
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