Folgers is seeking about $25 million in tax breaks in New Orleans, including millions for projects that have been completed for years, in an effort that will be the first major test of new city and Orleans Parish School Board rules aimed at reining in a controversial state exemption for industrial development.
The upgrades to the companyâs plants in New Orleans East will result in few new jobs, but company representatives argue they played a role in recent efforts to consolidate its footprint in the city.
A total of six applications to the Industrial Tax Exemption Program, or ITEP, will come before the City Council and school board this week. If denied, it could mean the company would be on the hook for about in $12 million in back taxes that were put off with the expectation that its tax breaks would be approved, according to Together New Orleans, an advocacy group that has opposed the tax exemption program.
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