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Board OKs phased tax grant for food‑processing expansion projected to add more than 50 jobs
Summary
Commissioners approved a multi‑year, sliding tax grant for Project Peconia (food processing) to encourage a roughly $20 million planned additional investment, a 55,000 sq. ft. expansion and an estimated 50+ new jobs; grants are performance‑based and applied only to the ad valorem taxes attributable to new improvements.
The Caldwell County Board of Commissioners unanimously approved Aug. 11 a performance‑based, multi‑year tax grant to support a planned expansion by Project Peconia, a food‑processing operation with existing facilities in the county.
Economic development staff told the board Project Peconia has invested about $38 million in personal property valuation in Caldwell County to date and plans to invest an additional $20 million to add a…
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