Tax incentives approved for Sioux City warehouse expansion - KWWL - Eastern Iowa Breaking News, Weather, Closings

Tax incentives approved for Sioux City warehouse expansion

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(AP) -

A state board has approved $405,000 in state tax incentives to help fund Cloverleaf Cold Storage's planned $18 million warehouse expansion in Sioux City.

The Iowa Economic Development Authority Board approved the incentives on Friday.

Company officials say the addition will bolster warehouse space by 50 percent, or 140,000 square feet, allowing it to store more than 750 truckloads of refrigerated food products.

The company, which has its corporate offices in Sioux City, will also add eight new employees.

Officials credit growing output from Cloverleaf's local Farmers Produce plant for the warehouse expansion.

Farmers Produce is a subsidiary of Cloverleaf that provides custom, short-run food processing services to the protein production industry.

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