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Council reconfirms tax abatement for Verbio North America, extends designation period to 2030 amid federal delays
Summary
The Common Council reconfirmed the 2023 tax-abatement designations for Verbio North America LLC and extended the designation period to Dec. 31, 2030 to accommodate federal approval delays.
The Common Council adopted two reconfirming resolutions (Resolutions 25-42 and 25-43) that reconfirm the council's 2023 findings and extend the designation period for tax abatement eligibility for Verbio North America LLC at the site commonly known as 3201 West Calvert Street.
Eric Glavich, Director of Growth and Opportunity, told the council Verbio purchased the South Bend ethanol plant and is investing more than $230…
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