Hy-Vee Asks Iowa State for $7.5M for An Expansion of the Company's Headquarters
WEST DES MOINES, IA - The supermarket chain and technology firm Hy-Vee has gone to the state of Iowa for tax credits in the amount of $7.5 million to aid its plans for expansion.
The proposed expansion plans would cost the company a total of about $74.6 million, according to The Des Moines Register. Once completed, the company will have added 72,000 square feet of office space as well as twice the amount of space for its conference center.
There is, however, a lineup of requests for the Iowa Economic Development Authority Board, according to the report: a computer software firm by the name of Pillar Technology Group, Union Tank Car Co., and Advanced Analytical Technologies. The city of Des Moines also applied for the district, asking for $39 million to put toward a convention hotel that would connect to the Iowa Events Center.
Hy-Vee’s request will be the first to go before the Board on Friday and could potentially prime the retailer for further store expansions.