ALL Fuels & Energy Company (AFSE.OB) announced that the Iowa Transportation Commission (ITC) awarded the City of Manchester, IA, a grant of up to $306,000 for various road improvements. This grant was disclosed after AFSE proposed a 100 million gallon per year ethanol production facility in Manchester, IA. The grant was given after an additional $17 Million in infrastructure improvements, tax credits and tax abatements was obtained by AFSE’s Manchester Subsidiary from the City of Manchester and the Iowa Department of Economic Development.
“We are pleased that the City of Manchester has received this grant for roadway improvements,” said Dean Sukowatey, President, ALL Fuels & Energy Company. “Our momentum in Manchester remains strong. We continue to work towards finalizing a rail plan for a spur to be built directly into the proposed plant site,” added Mr. Sukowatey.
The City of Manchester will provide AFSE’s Manchester Subsidiary with sewer service, roadway improvements in and around the facility site, and a 10-year property tax abatement. All in all, this incentive package exceeds $6.6 million, a significant source of funding for the company.
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