Several steps were taken Monday to move forward an incentive package that could help bring a pet food manufacturing company and 165 jobs to Richmond.
The focus of a joint meeting of the Richmond Economic Development and Redevelopment commissions, as well as an ordinance brought before the Richmond Common Council, was a request for a Tax Increment Financing (TIF) Industrial Development Revenue Bond for 25 years that is not to exceed $29 million.
The Economic Development Corporation of Wayne County has been working since last fall with a site selector and company officials to secure for Wayne County what has been code named Project Dove.
The company now is being identified in official documents as Heartland Pet Food Manufacturing Indiana LLC.
Richmond is one of two sites being considered by the company for its new plant.
The Richmond Economic Development Commission approved the project report and a resolution recommending that common council approve the bond ordinance.
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