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Council committee moves to set public hearing for Agristo 90%/20‑year tax incentive; project expected to add hundreds of jobs
Summary
The Committee of the Whole set a July 21 public hearing to consider a proposed 20‑year, 90% payment‑in‑lieu‑of‑tax (PILOT) incentive for Agristo, a proposed $450 million potato processing investment that city staff said could bring 300–350 direct jobs to Grand Forks.
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The Committee of the Whole voted to set a public hearing for July 21 on a proposed 90% payment‑in‑lieu‑of‑tax (PILOT) agreement for Agristo, a proposed potato‑processing investment the city expects would bring significant private investment and jobs to Grand Forks.
Todd Phelan and other city staff summarized recent work with Agristo's representatives, noting a $30 million forgivable line of…
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