A company planning to bring 26 jobs to Crown Point when it moves into the former Dawn Food Products plant was granted a tax abatement Monday.
The seven-year abatement on equipment was approved by the Crown Point City Council for food grower and processor Van Drunen Farms.
Tax abatement permits a business to pay an incremental portion of its property taxes for a period of years, providing it meets expected levels of employment and salaries.
Job creation at the plant is expected to generate a total annual payroll of $793,200, Van Drunen Farms officials said in seeking the abatement.
A total $5 million in new equipment is planned to be installed in the plant, 1300 E. Summit St., where Van Drunen Farms is expanding from its base in Momence, Ill.
The company is in preliminary planning stages of the expansion, facility operations manager Matt Evers said Monday.
The City Council in approving the tax abatement required that Van Drunen Farms pay prevailing wages for construction work to install the new equipment and make every effort to use local contractors when practical. Some of the work will be done by Van Drunen Farms employees.
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