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Chickasaw County reviews Homeland Energy expansion; board to consider urban renewal plan to enable TIF
Summary
Homeland Energy Solutions presented a proposed $40M expansion that would raise corn purchases and local tax revenue; the company asked the board to authorize development of an urban renewal plan that could allow project-specific tax increment financing (TIF). Board delayed final action pending legal review.
Beth Hyler, chief financial officer of Homeland Energy Solutions, told the Chickasaw County Board of Supervisors on Oct. 14 that the ethanol plant has grown since it began production and is seeking county authorization to develop an urban renewal plan that would permit project-specific tax increment financing (TIF) for a roughly $40 million expansion.
Hyler said Homeland is owned by about 1,250 members, many local farmers, currently employs 67 full-time workers and asked the board to authorize plan development so the company…
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