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Indiana county giving $50 million boost to food company

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An eastern Indiana county is giving a $50 million assist to a food-processing company that plans to restart a closed factory.

The Wayne County Council on Wednesday approved the bond issue as part of Sugar Creek Packing Co.'s plans to expand and refurbish the former Really Cool Foods plant near Cambridge City, about 60 miles east of Indianapolis. The company will be responsible for repaying the bonds within 30 years, the Palladium-Item reported.

Sugar Creek executive Tom Bollinger said $28.5 million project is expected to start next spring, with the plant in operation by mid-2014. The Washington Court House, Ohio-based company expects the plant to have 400 workers processing pork and chicken products by 2016.

Really Cool Foods closed the plant last year after going bankrupt and never coming close to its plan of hiring the 1,000 workers it announced in 2007.

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  • yes...
    ...just what we need in Hoosier-land, ANOTHER corporate welfare queen living off the taxpayer $$$$ while producing nothing useful, just some low-paying chicken-plucking jobs for migrant workers to be exploited...and the owners and CEOs continue their grifting from public subsidies, just one MORE reason why Republicons like to keep the education system lousy, so no one is smart enough to recognize their con game!
  • Mo Money, Mo Money
    So once again, the only way we can get anyone to invest in Indiana is to give them more of the taxpayers money than they put in themselves. They'll be here until they collect the incentives, and then they'll be gone. How many times do we have to pay for this nonsense?
  • Yum!
    MMMMM. Industrial slaughtered pork and chicken, probably from animals pumped full of antibiotics and growth hormones and fed cheap, unnatural diets inside of really large buildings at industrial farms, with massive "lagoons" of animal waste leaking into storm runoff and polluting waterways. Smells like progress.

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