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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFood and beverage giant Nestle plans to invest $79.5 million in new equipment to help expand its operations in central Indiana.
The Anderson City Council is considering a tax abatement on the investment, which is expected to create 30 jobs, The Herald Bulletin reported. The company has expanded its Anderson operations at least six times since 2009. The new jobs are expected to pay an annual salary of about $75,000.
The council is expected to consider adopting the tax abatement for Nestle at its Jan. 11 meeting. Mayor Thomas Broderick Jr. said the city negotiated with Nestle for a personal property tax abatement of 65 percent for six years.
Nestle said the company has invested more than $800 million in the Anderson facility, which employs 774 and makes Coffee Mate creamer and Boost nutritional drinks.
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