Wednesday, February 26, 2014

Journal and Courier Reports ConAgra Offered Tax Credits for Investment in Frankfort

From the Lafayette Journal and Courier:

ConAgra Foods announced Tuesday plans to construct a 1.6 million-square-foot distribution center in Frankfort, which will create about 76 jobs by 2015.

The packaged food company, based in Omaha, Neb., employs more than 36,000 people, including 1,150 Hoosiers. The distribution center will work in conjunction with the existing center in Lebanon, according to a press release from the Indiana Economic Development Corp.

“There is a good workforce in the Frankfort area, and the location will allow us to address our current and future business needs,” said Bob Masching, senior vice president of supply chain for ConAgra Foods. “Selecting Frankfort for our distribution center was made possible through great partnerships between ConAgra Foods and officials from the city, county and state.”

ConAgra is eligible to claim up to $750,000 in conditional tax credits offered by the Indiana Economic Development Corp. These tax credits are performance-based; ConAgra will not be able to claim them until Hoosiers are hired.

Frankfort and Clinton County approved additional incentives.
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http://www.jconline.com/apps/pbcs.dll/article?AID=2014302250013