A 10-year tax abatement was granted to Gro Alliance of Howe at Monday’s county council meeting. The company will invest about $4 million in new equipment and buildings.
The 44,000 sq. ft. building will have 40 ft. eaves height and will be used to store bagged seed corn. Cost of the building has been estimated at $3.1 million. An additional $900,000 will be invested in grain handling equipment and a dust collector.
The firm has seven full-time employees at this time. Although the addition will not attract new employees immediately, it is anticipated that over the next few years a number of well-paying positions will be created.
According to Jim Swigart, a representative of the company, the current property was purchased from Great Lakes Hybrids in 2007. “We plan to move the bagging operations here that are currently being handled in Wisconsin and Illinois,” he said.
Swighart indicated that the company has about 30 growers under contract in this area with an estimated 8,500 acres of seed corn being grown each year.
Council President Peter Cook announced a joint meeting with the county commissioners for 9:30 a.m. on Monday, March 17. The meeting is being called regarding water service to the Exo-S plant north of Howe.