Saturday, December 6, 2014

Times-News: Glanbia Foods Plans Massive Expansion in Gooding, Twin Falls

Posted By on Sat, Dec 6, 2014 at 11:29 AM

Twin Falls-based Glanbia Foods is planning a more than $80 million expansion to its manufacturing and power generating facilities, the Twin Falls Times-News reports

To meet demand for whey products, the company is investing $82 million in manufacturing processes, including a $17 million expansion to its Twin Falls plant, as well as a 30-megawatt power station on Glanbia-owned land in Gooding County. The expansion is expected to create about 50 jobs over the next two years.

The investment, however, comes after negotiations with the Idaho Department of Commerce, which has approved a 23 percent incentive on payroll and state income taxes for Glanbia. In addition, the company has also received tax breaks from the Gooding County Commission, which approved a property tax abatement for the corporation to the tune of $1.5 million-$2 million over the next five years.

Beginning in 2020, the company will again pay property taxes.

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