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Council approves tax abatement request from Louis Dreyfus for Claypool expansion after lengthy debate
Summary
After extended discussion about jobs, local basis for grain farmers and TIF revenue, the Kosciusko County Council voted to grant a partial abatement on Louis Dreyfus's October SB-1 filing: a three-year personal-property abatement and a five-year real-estate abatement as included in the SB-1 resolution.
The Kosciusko County Council voted to approve a tax abatement requested by Louis Dreyfus for a major equipment and real-estate investment at its Claypool facility after hearing a detailed presentation and prolonged council discussion.
Company and community case Louis Dreyfus representatives told the council the planned project would invest about $50.2 million at the Claypool site in new manufacturing, logistics and real-estate improvements. Jeremy Mullins of Louis Dreyfus said the expansion would raise the plant's intake capacity by roughly 25,000 bushels per day (about 9 million additional bushels per year) and provide continuity for roughly 160 current employees. "Mostly what we're trying to do is protect the 160 jobs that we currently have," Mullins said.
Mullins and company supporters said the investment would sustain local processing capacity and that vertically integrated…
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