In a recent government meeting, the council discussed a proposed economic development assistance agreement with Walter Investment LLC, aimed at facilitating a $250,000 LB 840 loan for the expansion of Walther Farms' potato storage and processing facility near Alliance. The loan is intended to support the completion of the facility, which is expected to have a significant economic impact on the region by creating high-paying jobs and bolstering the local agricultural industry.

The LB 840 application review committee had previously endorsed the project, recognizing its potential to enhance job opportunities and stimulate economic growth in the area. The expansion will include the construction of three new storage buildings and a washing and packaging shed, driven by an increase in contracts with major clients, including Frito Lay.

Henry Nera, the farm manager, and Josh Reeves, the CFO, provided insights into the project during the meeting. They outlined plans to hire additional field managers and workers for sorting and packaging, estimating the creation of 6 to 8 new jobs initially, with more positions to follow as the facility becomes operational.

The facility is strategically located about 5 to 6 miles south of Alliance, and the company has previously engaged in similar programs, demonstrating a commitment to regional economic development. The loan agreement includes provisions for job credits, incentivizing the creation of jobs for residents within a 75-mile radius.

Overall, the council expressed strong support for the project, highlighting its potential to positively impact the local economy and agricultural sector. The proposed loan represents a small fraction of the estimated $11 million expansion cost, underscoring the project's significance to the community.