Stay updated with breaking news from Aaron Backman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Vaxxinova US, formerly Epitopix, is looking to purchase county-owned land to the west of its manufacturing facility northwest of Willmar in order to invest $10 million to $20 million expanding its manufacturing capabilities, as well as building a campus for its U.S. headquarters.
The EDC budget includes a county tax levy of $578,000, which is a 3.69% increase over the 2022 county tax levy for the EDC.
Follow this west central Minnesota news and weather podcast on Apple, Spotify, and Google Podcasts.
Willmar City Council on Monday approved both rezoning the land and creating a tax increment financing district for the project.
At Monday’s Willmar City Council meeting, the proposed Lakeland Drive Northeast project was nearly derailed by the possibility of not holding the public hearing for creation of a tax increment financing district. The council later agreed to conduct the hearing as a delay would have made the project financially unfeasible for the developer. He has financing with a locked-in interest rate, but the project needs to begin this fall.