Supervisors propose $3 million in re-bates to NEW Co-Op

By: 
Ethan Stoetzer

     The Franklin County Board of Supervisors approved an expansion of the 2015 Co-Op Urban Renewal Area/ Urban Renewal Plan with NEW Co-Op, expanding the coverage by 10 acres at the cooperatives current property on the corner of Highway 3 and Wright Ave.
     The expansion of the facility will be a $23.5 million feed mill project, to add between 12 and 15 jobs to the area.
     As part of its expansion in Franklin County, NEW Co-Op has requested of the supervisors that they receive an expansion of the tax increment financing program, currently established as part of the agreement.
     The supervisors have proposed a $3 million dollar rebate program, valid at five years or at the $3 million max —whichever comes first.
      Read the full article in the October 19 edition of the Hampton Chronicle.

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