$5 million incentive package approved

The Perry City Council unanimously approved an ordinance which allows the city to enter into an agreement with the West Palm Beach-based BioNitrogen to provide collateral guaranty on a $5 million line of credit taken out by the company for work on a proposed plant here.

The council, along with the Taylor County Commission and the Taylor County Development Authority, have been working to entice the company to build a plant here which is projected to create 52-55 manufacturing jobs in the county with an average starting salary of $38,000 plus benefits. The total investment here has been estimated to be between $100 million and $220 million.

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