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Originally published on December 17, 2020 7:59 pm
New Orleans City Council voted Thursday to defer most of its votes on the Folgers Coffee Company’s tax exemption applications to a future meeting in January 2021.
Newly appointed City Council President Helena Moreno pushed for council members to vote on six of the industrial tax exemptions that Folgers applied for through Louisiana’s Industrial Tax Exemption Program (ITEP), which gives companies breaks on up to 80 percent of their taxes for up to 10 years. Folgers is seeking exemptions that could total roughly $25 million over a decade.
“To me these tax exemptions are just not worth it,” Moreno said in session.
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The Governor of Louisiana, John Bel Edwards, has announced potential investment by ExxonMobil totalling more than US$240 million at the company’s Baton Rouge Refinery.
The suite of projects would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness, and install technology for a voluntarily 10% reduction of volatile organic compound emissions. The projects are pending final engineering, design and investment decisions. A decision to proceed could come from ExxonMobil in 2021.
The projects would retain 1300 existing jobs at the refinery, and ExxonMobil estimates the projects would support more than 600 construction jobs on-site over three years. The investment also would provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative programme spearheaded by ExxonMobil in 2012 to provide no-cost, fast-tracked industrial craft trainin
Folgers is seeking about $25 million in tax breaks in New Orleans, including millions for projects that have been completed for years, in an e…
Only about $5.4 million in taxes is actually due, and that would be spread across the myriad taxing entities in the city, according to the Orleans Parish Assessorâs Office. The $12 million figure promoted by Together New Orleans in news conferences, presentations and other public statements was calculated by lumping in two other, unrelated Folgers projects that are not up for a vote and appear to have been abandoned before the company applied for Industrial Tax Exemption Program relief.
ExxonMobil announces potential $240-MM investment to Baton Rouge refinery
12/16/2020
BATON ROUGE, La. Today, Gov. John Bel Edwards announced potential investment by ExxonMobil totaling more than $240 million at the company’s Baton Rouge Refinery. The suite of projects would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness, and install technology for a voluntarily 10 percent reduction of volatile organic compound emissions. The projects are pending final engineering, design and investment decisions. A decision to proceed could come from ExxonMobil in 2021.
The projects would retain 1,300 existing jobs at the refinery, and ExxonMobil estimates the projects would support more than 600 construction jobs on-site over three years. The investment also would provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative program spearheaded by
News alert: ExxonMobil proposing $240M upgrade to Baton Rouge refineryÂ
ExxonMobil is proposing a more than $240 million investment at its north Baton Rouge refinery that will include upgrades and installation of new technology and equipment designed to make the facility more competitive and efficient. (Tim Mueller)
ExxonMobil is proposing a more than $240 million investment at its north Baton Rouge refinery that will include upgrades and installation of new technology and equipment designed to make the facility more competitive and efficient.
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