General Mills will spend $37 million to improve its plant in Cedar Rapids, Iowa, the company has announced.
The plant makes cereal, frosting and dried fruit snacks. The money will be spent to modernize an existing line with new, more efficient machinery and equipment to increase production capacity.
The project qualified for tax benefits, which were unspecified, under Iowa’s High Quality Jobs program. That program is intended to reward companies that pay employees a qualifying wage. Three of the 50 jobs to be created by the General Mills project will meet that standard with pay of $23.20 per hour, according to a statement from the Iowa Economic Development Authority.
