Oct 17, 2026 · 2 min · 6 segments
Iowa Business Report Friday Edition October 16, 2026 Iowa Business Council president Joe Murphy on his group's support for the proposed mega steel plant in southeast Iowa.
Jeff SteinHostA really exciting opportunity for our state and for the potential of a massive investment.
And, you know, we talk in superlatives a lot.
Huge investment, transformational, all of those things.
The fact is, this will be the largest investment in United States history of a steel plant this size.
Objectively a good thing for the state.
$15 billion of investment supporting 6,000 construction jobs to create, uh, the facility, more than 1,700 permanent jobs.
That's just the direct benefit and the apparatus around the facility itself.
Think about the multiplier effects that this will have to the broader community in southeast Iowa.
Restaurants, hotels, supply chain opportunities for new companies to start up to supply this brand-new facility that will be built.
It's very exciting, right? We have a long way to go.
The MEGA program, the Major Economic Growth Attraction program, is a tool in the Iowa Economic Development Authority's toolbox.
This is designed to close deals and to close gigantic deals.
A really exciting opportunity for our state and for the potential of a massive investment.
And, you know, we talk in superlatives a lot.
Huge investment, transformational, all of those things.
The fact is, this will be the largest investment in United States history of a steel plant this size.
Objectively a good thing for the state.
$15 billion of investment supporting 6,000 construction jobs to create, uh, the facility, more than 1,700 permanent jobs.
That's just the direct benefit and the apparatus around the facility itself.
Think about the multiplier effects that this will have to the broader community in southeast Iowa.
Restaurants, hotels, supply chain opportunities for new companies to start up to supply this brand-new facility that will be built.
It's very exciting, right? We have a long way to go.
The MEGA program, the Major Economic Growth Attraction program, is a tool in the Iowa Economic Development Authority's toolbox.
This is designed to close deals and to close gigantic deals.
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