Zach Lahn Expects Iowans to Reap Benefits of Proposed Steel Mill for Decades
Lahn called the $15 billion project a once-in-a-lifetime opportunity and said the incentives should help keep 1,750 permanent jobs in Iowa.
- Iowa lawmakers convene on Friday to amend the Major Economic Growth Attraction program, aiming to award over $1 billion in tax incentives for a $15 billion steel plant project planned for Lee County.
- President Donald Trump announced the $15 billion steel plant earlier this week, describing it as the largest of its kind in the United States and projected to create 1,750 permanent jobs and 6,000 temporary construction positions.
- Republican gubernatorial candidate Zach Lahn backs the project as a "once-in-a-lifetime project," though he emphasized the need to "stair-step any incentive that we give" to ensure local hiring.
- State legislators reported the incentive package could reach $1.36 billion over 10 years, including a $1.145 billion investment tax credit equal to 10% of the company's investment.
- Contrasting the steel mill with data center incentives, Lahn argued the project offers unique long-term benefits, stating, "What an opportunity to have Iowa become the state that builds again.
11 Articles
11 Articles
Lahn says Iowa 'can't say no' to steel mill project
Zach Lahn, the Republican running for governor, says Governor Reynolds has “done a great job” negotiating to have a steel plant built in southeast Iowa. “I think anytime you’re looking at once-in-a-lifetime project you have to say: ‘What’s it going to take to get this here?’ because the amount of economic development that will come […]
Lahn says Iowa can't say no to steel mill
Zach Lahn (like “LANE”), the Republican running for governor, says Governor Reynolds has done a great job negotiating to have a steel plant built in southeast Iowa. The legislature is set to convene Friday to consider a plan to award over a BILLION dollars in tax credits for the project. Lahn told reporters he cannot […]
Zach Lahn, the Republican running for governor, says Governor Reynolds has done a great job negotiating to have a steel plant built in Lee County
Zach Lahn, the Republican running for governor, says Governor Reynolds has done a great job negotiating to have a steel plant built in Lee County. "I think anytime you're looking at once-in-a-lifetime project you have to say: 'What's it going to take to get this here?' because the amount of economic development that will come into this state aside from this project is probably second to none of what we can create," Lahn said. The legislature is …
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