NEWS IN BRIEF Tax breaks of­fered if Tyson plant grows

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — Nathan Owens

Tax in­cen­tives of up to $600,000 have been of­fered for a pro­posed $50 mil­lion ex­pan­sion of a Tyson Foods-owned Hill­shire Brands Co. plant in Alexandria, Ky., state of­fi­cials said.

The Ken­tucky Cab­i­net for Eco­nomic Devel­op­ment ap­proved two projects on Thurs­day for an ex­pan­sion sched­uled to cre­ate 16 jobs ini­tially, with a pro­jected tar­get of 26 jobs in 10 years, ac­cord­ing to the Ken­tucky Eco­nomic Devel­op­ment Fi­nance Au­thor­ity.

The Ken­tucky Busi­ness In­vest­ment Pro­gram filed a pre­lim­i­nary ap­proval re­port that would award up to $400,000 to Tyson Foods if the tar­get of 26 new jobs with an av­er­age hourly wage of $28.30 is met. A sep­a­rate re­port cited a re­cov­ery amount of $200,000 for build­ing costs.

The in­cen­tives are part of the state’s bid to win the project for north­ern Ken­tucky if par­ent com­pany Tyson Foods de­cides to move for­ward, said Jack Mazu­rak, com­mu­ni­ca­tions di­rec­tor for the Ken­tucky Cab­i­net for Eco­nomic Devel­op­ment.

The Alexandria plant has been in op­er­a­tion since 1984.

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