Iowa awards $2 million to Cargill ethanol plant

In Iowa, the state’s Economic Development Board has awarded a $2 million loan and tax credits worth up to $603,000 to a planned Cargill corn milling and ethanol facility near Ft. Dodge. Cargill, who bought the partially-finished plant from Tate & Lyle last month for $54 million, will be forgiven for half of the loan while the other half is to be paid back in five years at no interest.

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