(Radio Iowa) – The head of a state agency says she’s in negotiations that could launch a big project that would qualify for the state’s new “Major Economic Growth Attraction” or “MEGA” program incentives. Iowa Economic Development Authority director Debi Durham isn’t naming the company, but is sharing some details.

Debi Durham, director of the Iowa Economic Development Authority and the Iowa Finance Authority, who spoke Oct. 3, 2024 at Bluebird Hill near Atlantic. (Ric Hanson/Photo)

The governor signed a law this spring authorizing up to 93-million dollars in tax incentives for businesses investing at least one BILLION dollars on a facility.

To qualify for the state’s MEGA program, a project must cover at least 250 acres and be on one of the so-called certified sites around the state that are ready for development. According to the Iowa Economic Development Authority’s website, certified sites in Oskaloosa, Clinton, Princeton, Glenwood, Cedar Rapids and Ames would qualify.