From the Des Moines Register:
A Spanish wind energy company plans to invest $95 million to build and operate a wind turbine assembly plant in West Branch.
Acciona Energy North America, a subsidiary of Pamplona-based Acciona Energia, received $2.85 million in loans and forgivable loans from the Iowa Economic Development Board on Thursday. It also will seek $2.3 million in tax breaks from the state for high-quality job creation.
Acciona plans to create 110 jobs that will pay an average of $15.14 an hour.
Iowa taxpayers will be spending almost $47,000 for each of the 110 jobs that pay an average of $31,500 a year if Acciona get all the taxpayer-financed corporate welfare they seek.
Anybody want to take a stab at figuring out how long it would take to recoup the initial "investment" in future state coffer income?
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