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Council extends LB840 loan terms for Wholestone Farms amid investment shifts
Summary
Council approved an amendment to a 2021 LB840 loan for Wholestone Farms that extends the compliance term to 2029 and adjusts the job-creation target; staff and advisory committees recommended the amendment based on changing construction costs and business plans.
Angie Olsen, plan administrator, presented an amendment request from Wholestone Farms to extend their LB840 compliance measurement to February 2029 and to revise the employee-creation target to 300 full-time employees. Olsen said the company cited construction-cost increases, a new investment opportunity in Iowa, and changes to operational plans; staff and both advisory committees recommended approval.
Council members discussed trade-offs between job counts and investment quality. One councilor noted the company will invest in cold storage and other facilities and that most of its workforce lives locally. The resolution passed 7–1.
