The industrial revenue bonds agreement between the city of Trenton and Nestle USA calls for Nestle to maintain employment of 135 to 150 employees when they assume operations from ConAgra the first of June.
The agreement was negotiated with the assistance of the local economic development group, the North Central Missouri Development Alliance, and consultant Phil Tate.
Alliance director, Micah Landes, was asked for a Nestle hiring update when she was a guest of John Anthony on KTTN’s Open Line.
During the interview, Phil Tate noted the facility on Harris Avenue will remain a Union plant.
On another matter, Phil Tate pointed out this agreement offers no giveaways by the city of Trenton and other taxing entities.
The series 100 bonds allow, by state law, a ten-year abatement of taxes. But the agreement that was negotiated calls for Nestle to make annual payments in lieu of taxes to local entities.