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Clay County economic development officials highlight multi‑hundred‑million dollar investments, projected tax returns
Summary
The Clay Economic Development Council updated the Board of County Commissioners on several large industrial projects, including IKO and Niagara, and presented tax‑revenue and job projections tied to ongoing build‑outs and the future expressway.
Clay County economic development officials on July 22 told the Board of County Commissioners that several major manufacturing and industrial projects that began as smaller proposals have grown into investments worth hundreds of millions of dollars and are already producing local tax revenue and new jobs.
Crawford Powell, president of the Clay Economic Development Council, said IKO, a shingle manufacturer, is completing phase one and expects production to begin by the end of the year. Powell told the board IKO’s initial capital commitment of $250 million is likely to increase to about $360 million–$375 million by completion. He also said Niagara’s investment has grown from an initial $90 million to about $212…
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