ALL Fuels & Energy Company (AFSE.OB) Announces an Additional Grant From the State of Iowa
A $306,000 grant for the city of Manchester from the Iowa Transportation Commission (ITC) was announced by ALL Fuels & Energy Company. The grant will be used on road improvements for the AFSE’s proposed 100 million gallon per year ethanol production facility. An AFSE subsidiary was previously awarded assistance from the city of Manchester with a 10 year property tax abatement, sewer service and roadway improvements in and around the facility site totaling $6.6 million. Likewise for that same subsidiary, the Iowa Department of Economic Development has allowed a $10.4 million sales and use tax credit for the creation of high quality jobs.…