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STATE WATCHDOGS: Iowa sees few new jobs in return for state loans

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DES MOINES -- Forty four companies owe Iowa nearly $8 million for loans they received in exchange for a promised 1,388 new jobs that never materialized. The companies actually produced only 21 jobs, according to an Iowa Watchdog.org analysis. ‘Most of the money that we allocate in the name of economic development in Iowa is wasted. It's become a corporate entitlement. - Dave Swenson, Iowa...

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