SunOpta to Increase Plant-Based Beverages Capacity powderbulksolids.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from powderbulksolids.com Daily Mail and Mail on Sunday newspapers.
Further strengthens competitively advantaged Plant-Based Foods and Beverages business growth
Adds capacity to enable doubling of the business in 5 years
Financing expected to come from lease and. | August 19, 2021
New facility expected to add jobs, value to county by end of 2022
Waxahachie Daily Light
Mirroring what the Midlothian City Council approved a week ago, Ellis County Commissioners on Tuesday unanimously approved a property tax abatement and performance agreement for SunOpta Grains and Foods Inc. for its planned new facility in Midlothian’s RailPort Business Park.
The Commissioners’ Court approved an 8-year tax abatement agreement with SunOpta that will begin at the end of 2022, when the proposed facility is expected to be complete. The abatement amount will be 65 percent for the first four years, and 55 percent for the next four years. The abatement will apply only to new taxable value and to real property; inventory will be taxed at the full rate.
Development in Midlothian’s RailPort expected to add $200M in assessed value
Waxahachie Daily Light
Ellis County Commissioners saved their most impactful agenda item for the end on Tuesday afternoon during their regular bi-weekly meeting, as they conducted a public hearing on the county’s portion of a tax abatement for a major new industrial operation.
County Judge Todd Little said a vote on approval will be conducted during the Commissioners’ Court’s May 4 meeting. The Midlothian City Council was expected to conduct a similar hearing and a vote during its Tuesday night regular meeting.
The abatement would cover a tax investment reinvestment zone, or TIRZ, created recently by the city of Midlothian for an approximately 30-acre lot at the southeast corner of Power Way and Brookhollow Drive in the RailPort Business Park.