Nelson said city, county and state financial assistance "made the project possible." In October 2010, Kemin received a $1 million forgivable loan from the state to help with the expansion. Kemin can also take advantage of about $3.6 million in tax credits, mainly for investing in new offices and equipment, and it can get $600,000 in job training assistance. The company will also get an estimated $2.7 million in tax abatement from the city of Des Moines.
STEM education is important to attract and retain skilled workers in new fields of technology and agriculture
Also addressing the crowd at the MAC dedication, Iowa Lt. Gov. Kim Reynolds added, "I would like to take every single one of you with me on the road, so our young people in Iowa would learn firsthand about the career opportunities that exist right here in Iowa, thanks to outstanding companies like Kemin. Iowa serves as a national role model for the STEM program we've put in place. We're going to do everything we can to make sure Iowa has a talented workforce for the future. We want Iowa to continue to grow in innovation and competitiveness. And because Kemin has chosen to grow and invest and stay here in Iowa, this is a great opportunity for the state to continue working with you. Thanks for choosing Iowa, locating in Iowa and for investing in Iowa."
For more information: Kemin provides "inspired molecular solutions" specifically developed to provide health benefits for humans and animals. Committed to food and feed safety, Kemin maintains manufacturing facilities where approximately 500 specialty ingredients are made for the global feed and food industries as well as the health, nutrition and beauty markets. A privately-held family-owned and operated company, Kemin has nearly 2,000 employees and operates in more than 90 countries with manufacturing facilities in Belgium, Brazil, China, India, Italy, Singapore, South Africa and the U.S.