Gov. Bobby Jindal joined officials from the Farmers Rice Milling Co. today to announce a $13.4 million expansion and modernization of the company’s rice mill in eastern Calcasieu Parish. The 55,000-square-foot expansion of the mill’s clean rice packaging and distribution facility will retain 87 jobs, LED says. The company, a division of The Powell Group, operates the largest rice mill in Louisiana. Overall, the company employs more than 125 workers in the rice mill and related facilities in and around Lake Charles. The company also employs an additional 25 people at its headquarters in Baton Rouge. To secure the project, LED says it offered the company a “competitive incentive package,” including a Modernization Tax Credit of $425,000 payable over five years. The company is also expected to utilize the Industrial Tax Exemption Program, says LED, which has more on the expansion announcement here.
Farmers Rice to spend $13.4M on mill expansion
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