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Economic Development

Posted on: December 6, 2022

Nestle and Tippmann/IWI Expanding in Anderson

ANDERSON, Ind. - Nestlé says it will invest $400 million to expand its facility in Anderson, and it is asking the city for help. Our partners at The Herald-Bulletin report the company is seeking a seven-year, 70% tax abatement on the planned plant expansion.

Nestle says the growth will likely result in 68 new jobs for the community.

The publication says the Anderson City Council will consider two resolutions next month on the tax abatement.

Greg Winkler, executive director of the Anderson Economic Development Department, told the Herald-Bulletin a portion of the planned expansion is to upgrade the facilities’ wastewater treatment procedures.

The plant currently employs more than 800 workers.

Meanwhile, the city council is expecting to consider at its meeting Thursday night a tax abatement for the expansion of Interstate Cold Storage, which is operated by the Tippman Group.

The company is planning a $31 million expansion that will create an additional 20 jobs. It would be the third expansion for the facility that opened in 2019.

The company is seeking a six-year, 60% tax abatement. Interstate Cold Storage employs 70 people.

Source: Inside INdiana Business
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