$5 million incentive package approved

Posted on August 29, 2014

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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