The Plymouth City Council continues to encourage local business growth by supporting a tax abatement for Farm Innovators, Inc., an agribusiness leader in the deicer and heated products market. With the aid of this tax abatement, Farm Innovators will be investing approximately $400,000 in an upcoming building expansion. Thanks to increased sales and the introduction of new product lines, the company plans to expand its Plymouth facility by constructing a new 15,000 square foot building. This capital investment will increase efficiency and profits which will aid in current employee retention and facilitate the creation of 5 additional jobs.
The expansion is supported by a 7-year, phase-in, real property tax abatement, which was approved by the Plymouth City Council at a public hearing Monday evening. This hearing was the second step in the tax abatement process, the first of which took place on February 27th when the Council designated the location as an economic revitalization area.
Farm Innovators has been a part of the Plymouth business community since 1995. The company is noteworthy for developing the first in a long line of products that provide livestock with drinkable water in cold climates. Some of Farm Innovators’ more popular products include heated pet bowls, Thermo Cube temperature activated electric outlets, and state-of-the-art deicers.
Initially, the company sold about 20,000 units of product annually; today, Farm Innovators sells and distributes over a million units every year. This new expansion will further increase the company’s output from their Plymouth location. Farm Innovators currently employs 23 full-time workers and expects that number to increase with the expansion.
For more information, please contact Jerry Chavez, MCEDC President/CEO, at (574) 935-8499.
About Marshall County Economic Development Corporation
The Marshall County Economic Development Corporation (MCEDC) is the lead countywide economic development organization servicing Marshall County, the City of Plymouth, and the Towns of Bremen, Bourbon, Argos, Culver, and LaPaz. MCEDC’s mission is to expand and diversify the economy of the county and its communities by fostering investment in new and existing businesses and creating entrepreneurial capacity. Visit MCEDC on the web at www.marshallcountyedc.org, like us on Facebook, and follow us on Twitter.