Vanderburgh
County Council members have approved two 10-year tax abatements for a new
food-production business that could potentially come to Vanderburgh County.
If
PGP International, Inc., moves into a Vanderburgh Industrial Park facility — Growth
Alliance for Greater Evansville Director Debbie Dewey said — it will be
allowed to pay less than 100 percent of its property taxes for the first 10
years on an anticipated $15 million worth of equipment.
Property
taxes Delta Properties, LLC, will have to pay on the $8.2 million,
70,000-square-feet building it plans to construct and lease to PGP
International will also be phased in over 10 years.
The
two phase-in resolutions passed unanimously at the Council's Thursday meeting.
PGP
International is one of 21 companies owned by Associated British Foods. Dewey
said the business is estimated to bring 41 new jobs over five years at an
average of $24 an hour and produce a $287 million economic impact over 10
years.
Despite
Thursday's tax abatement resolutions and a $20,000 employee training grant
approved June 19 by County Commissioners, the company's locating in Evansville
is not final.
"They
did not say they're coming to Evansville," Dewey said, "so what we're
trying to do is approve an incentive package that will entice them to make this
their home going forward."
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