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IEDA approves tax incentives for International Paper project

$103 million project will add natural gas boilers, water treatment plant to support company’s Cedar Rapids operations
By: Richard Pratt|January 23, 2023
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    • International Paper Cedar River Mill

    International Paper's Cedar River Mill in Cedar Rapids. CREDIT RICHARD PRATT

    The Iowa Economic Development Authority (IEDA) has approved a package of tax incentives to support International Paper’s planned $103 million expansion of its Cedar Rapids plant.

    The IEDA’s board voted Friday, Jan. 20 to approve a total package of $1.2 million in state tax incentives for the International Paper project, comprising a combination of investment tax credits and tax refunds through the state’s High-Quality Jobs program.

    At its meeting Jan.…

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