When Berry Plastics was considering which of its plants it should use to launch a new product line, a different type of line played a key role in the decision — a railroad line, to be exact.
On Tuesday, Berry executives and local officials announced that the Evansville-based manufacturer plans to invest $33 million and add about 115 new production and salaried positions.
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In connection with the project, Berry will receive state and local incentives totaling more than $1 million.
A portion of those incentives will go toward a rail line upgrade that Rich said is necessary for Berry’s future growth in Evansville.
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It will cost over $900,000 to add the new line, and Berry is receiving state and local grants to help with this cost.
Dewey said Berry will receive a $400,000 grant from the state of Indiana, plus a $40,000 grant from the city of Evansville, toward the rail improvement project.
Berry is also set to receive some tax incentives for the project.
The city of Evansville and Vanderburgh County are offering a 10-year tax phase-in on Berry’s personal property investment.
And the Indiana Economic Development Corp. is offering up to $800,000 in conditional tax credits. The state credits are based on Berry’s job creation plans, and the company can claim the credits only after Indiana residents have been hired for the new jobs.
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