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COLUMBIA - Swift Prepared Foodsâ application for tax incentives to build an Italian meats plant on Paris Road that would employ 251 people won the unanimous approval of the Boone County Commission on Thursday. The company plans to invest $150 million to build a 275,000-square-foot plant that will begin production in the third quarter of 2022, Swiftâs Matt LaFollette told the commission Tuesday, when it held a first reading of a measure accepting the recommendation of the Chapter 100 Review Panel that the incentives be approved. It also plans a $35 million, 50,000-square-foot expansion of the plant in its third and fourth years. The plant would be built on 80 acres at 5008 Paris Road in an industrial corridor that already includes Schneider Electric Square D, 3M, Aurora Organic Dairy and Kraft Foods. ....
The county commission will give final consideration Thursday. I think we agree that we appreciate the fact that Swift has chosen Boone County as the location for this type of operation, said Presiding Commissioner Dan Atwill. Our enthusiasm for your participation here is high. Swift has not chosen Columbia, but is considering it, as a location of its $200 million Italian meats processing plant, scheduled to open in 2022. The company has made an application for issuance of Chapter 100 Revenue Bonds and is seeking 75% property tax forgiveness for 10 years. With the property tax forgiveness, the project would produce property tax revenue of $3.7 million over the 10 years, including $3.2 million for the Columbia school district. ....