English company seeks Iowa aid to upgrade Davenport facility
DAVENPORT, Iowa (AP) — A defense and aerospace manufacturer is seeking local and state aid to upgrade its Davenport facility.
Cobham, which is based in England, wants to add 150 high-paying jobs to its Davenport facility. The Quad-City Times reports that Cobham’s Kevin McKeown told Davenport council members Wednesday that the $67 million upgrade would make room for as many as 1,300 employees and build up the company’s research and development operation.
Cobham is seeking a $400,000 grant from the Iowa Economic Development Authority under a program that compensates businesses for creating high-paying jobs. Davenport economic development manager Susanne Knutsen says the city is considering a property tax break for Cobham. The state-required incentive is meant to match the state grant the company is seeking.
Information from: Quad-City Times, http://www.qctimes.com