City of Amarillo to consider financial incentives for dairy company to build $88 million manufacturing plant

City of Amarillo to consider financial incentives for dairy company to build $88 million manufacturing plant

AMARILLO, Texas (KFDA) – The city will consider financial incentives for a dairy company that markets Hispanic products, including cheeses, to build an $88 million manufacturing plant in south Amarillo.

Cacique Food would be located near Farmers Avenue and South Georgia Street where the Amarillo Economic Development Corporation is developing a new business park. The park has access to BNSF rails and Loop 335.

The city council has scheduled a hearing for late March.

The site would be 55 acres. The building would be about 180,000 square feet. It would cost about $52 million with equipment costing $36 million.

The AEDC board will have to consider an agreement and then the city council would.

Source: https://www.newschannel10.com/2021/02/19/city-amarillo-consider-financial-incentives-dairy-company-build-million-manufacturing-plant/

Brant Foy

Brant E. Foy is a reporter for Business Journal.  He has previously worked for the Waco Star Journal.  As a contributor to Business Journal, Brant covers emerging business developments, legal and trending technology related stories.