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Friday, Aug. 22, 2014

Rembrandt Enterprises seeks tax abatement for plant expansion

Friday, July 20, 2007

Rembrandt Enterprises plans to expand its chicken-and-egg plant to include a pasteurization and packaging facility, as well as an on-site soybean crusher to provide meal for the chickens.

David Rettig of Rembrandt Enterprises and Kathy Evert of Iowa Lake Corridor approached the Buena Vista County Board of Supervisor Tuesday to ask for a five to seven-year property tax abatement to assist the new project.

"Rembrandt Enterprises is looking to expand more into the food energy," Rettig said. "Right now we are shipping to other facilities that prepare for the different uses and we will be ready to do that ourselves."

The $20 million project has secured high quality job credits with the state. According to Rettig, there will be 30-35 new jobs added.

"These will be high quality jobs," Rettig told the board.

The building that will house the new expansion will be around $5 million and that was part that Rettig is hoping to cover with a five or seven year tax abatement.

"I don't have exact bids on finalized yet but it will be about $5 million and we won't complain if it's a couple thousand more but we were looking for some assistance."

The supervisors have not yet made a decision. "I would feel more comfortable if we had some more time to look at things before making a decision," Supervisor Paul Merten said with agreement from the rest of the board.

"We need to look at some numbers and talk about it some but this is something that we are interested in considering," Supervisors Chairman Herb Crampton said. "We want to be able to help established businesses as well as new businesses."

With the project, Rembrandt Enterprises expects to be one of the top 10 egg producers in the nation.



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