Commission finalizes incentive package for $220 million plant

Posted on June 13, 2014

The Taylor County Commission has approved a modified set of incentives geared toward drawing as much as $220 million in capital investment to the county in the form of Project Freedom, the code-name for a West Palm Beach company, BioNitrogen Corp.

In early May, the Taylor County Commission unanimously approved ad valorem property tax abatements for the company–should it choose to site here–totaling 95 percent of the increased property values resulting from the company’s capital investments for a period of 10 years. (Taylor County voters authorized the commission to offer tax abatement incentives in 2008.) At the time, the commission’s approval was contingent on the city council and Taylor County School Board providing their own incentive packages.

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