Jefferson City Council approves bond for Unilever warehouse, at least 441 jobs to be maintained
JEFFERSON CITY, Mo. (KMIZ)
On Tuesday night, Jefferson City council members unanimously approved a bill that will give Unilever a tax rebate that will allow the company to build a new warehouse at its location on Truman Boulevard.
This new warehouse will be 46,000 square feet and will be built on the existing Unilever property, and at least 441 jobs must be maintained.
Unilever sells multiple types of household items and is a global company that operates a plant and warehouse in Jefferson City.
This bill will also allow Unilever to go under the statute of chapter 100. Meaning that they can forgo 50% of real property taxes on $13,000,000 or real property improvements and 50% of personal property taxes on $14,000,000 or personal purchases, according to the bill summary.
The Chapter 100 statue allows local governments to partner with economic development projects, usually industrial ones, to help incentivize new investments in real and personal property.
ABC 17 News spoke with Jefferson City President of Regional Economic Partnership Luke Holtschneider, about this bill regarding chapter 100.
"Land, buildings, machinery and equipment, all of the above. And really, one of the key benefits of the Chapter 100 project or the incentive is the ability to abate or forgo a portion of the new taxes that would otherwise be paid on the new investment in real and or personal property," Holtschneider said.
Unilever is looking to invest in its current location and it will be adding an automated storage and retrieval facility. This will allow them to store finished goods and distribute them on site.
