Expansion projects in Allen County seek tax abatements

Allen County Commissioners are expected to vote on two tax abatement proposals that could help bring millions in investment to the area, hometownstations.com reports. Nutrien “is asking for 50% tax abatement for 10 years on the construction of a storage building and office space” for contractors at their facility, according to the article. Lakeview Farms in Delphos is considering a “100,000 square foot expansion of their plant to add a new production line and warehouse space” at a cost of $35 million–$40 million. Lakeview is requesting a 90% tax abatement on the expansion for 10 years, according to the article. Both companies have other locations, so tax incentives could be the deciding factor in where they invest in expansion. For more, read the full article.

Economic Development, Financial Incentives, State Updates