General Mills receives tax break to expand yogurt plant
April 12, 2007
by FoodBusinessNews.net Staff
METHUEN, MASS. — A $70,000 tax break from the city of Methuen will allow Minneapolis-based General Mills, Inc. to expand its Columbo/Yoplait yogurt plant, according to an article in The Eagle-Tribune.
Under terms of the deal, General Mills would save $70,000 in taxes over the 10-year state incentive program on the value of a new 15,000-square-foot warehouse. The new building would free up manufacturing space in the company’s existing plant, allowing for increased productivity.
In return for the tax break, General Mills agreed to retain the existing 190 jobs at the facility, invest a minimum of $20 million into the facility, and add five new permanent full-time jobs, The Eagle-Tribune said.
"The recently announced capital investment project allows General Mills to boost the volume of our existing product lines at that facility," General Mills said. "The expansion will focus mainly on increasing the facility’s capacity, with the potential to create a few new positions."
The Methuen facility, which was built in 1971, is the only plant in the country that makes Columbo yogurt.