Sunday, November 18, 2018

News & Updates

McBarnes, Council Finance Committee announce support for Frito-Lay expansion in Frankfort

New investment of $159 million expected to provide 50 new jobs to Frankfort manufacturing site

Frankfort, Ind. – Today, Frankfort, Clinton County and state officials announced PepsiCo’s Frito-Lay division will invest $159 million, providing 50 new jobs in Frankfort to enhance its current operations to add two new snack production lines, as well as a warehouse expansion to allow strategic space for growth.

According to Mayor Chris McBarnes, Frito-Lay’s new investment significantly enhances Frankfort’s quality of place and quality of life for its residents.

“Frito-Lay has long been a valuable corporate citizen. Frito-Lay leaders’ decision to reinvest in our community reinforces we are on the right track with our revitalization and workforce development efforts to make Frankfort the city that feeds the state that feeds the world.

“Frito-Lay’s significant financial investment and desire to create more jobs are shining examples of their continuing commitment to thrive and succeed here while strengthening our local economy and enhancing our industrial workforce and their employees’ quality of life,” McBarnes said.

Frito-Lay, the largest producer of snack foods in the U.S. with more than 30 manufacturing facilities is a subsidiary of PepsiCo, one of the world’s leading food and beverage companies.

Frito-Lay has had a presence in the Frankfort community for more than 30 years, employing approximately 1,100 full-time associates. With its two manufacturing site locations in Frankfort, Frito-Lay operates 17 snack production lines and sits across 135 acres.

The construction project will fill a need for additional capacity and capabilities for Frito-Lay’s Frankfort operations, and will provide employment opportunities and 210,000 square feet of additional space.

The Frankfort facility was considered for this significant investment as a direct result of the collaboration with the mayor and the city’s Finance Committee. City officials have proposed a real and personal property tax abatement to bring this investment and jobs to the community. Additionally, the Indiana Economic Development Corporation offered Frito-Lay up to $550,000 in conditional tax credits based on the company’s job creation plans.

“The manufacturing industry continues to be a significant driver of Indiana’s economy thanks to companies like Frito-Lay,” said Indiana Secretary of Commerce Jim Schellinger. “As a state, we are committed to providing a fiscally predictable, pro-growth and low regulation business climate that allows manufacturers and job creators across all industries the ability to grow with confidence. We look forward to Frito-Lay’s future growth and job creation here in the Hoosier state.”

Additional project details will be announced at a later date. Frito-Lay’s Frankfort manufacturing sites are located at 323 S. County Road 300 West, Frankfort, Ind. 45061 and 2611 W. County Rd. 0 NS, Frankfort, Ind., 46614.

ABOUT FRANKFORT

Home to more than 16,400 residents and the capital seat of Clinton County, Frankfort boasts a warm, small town atmosphere blended with a proactive business-friendly environment and one of the State’s only downtown Ivy Tech campuses. Wrapped around City’s government’s four cornerstones of Neighborhood Revitalization, Economic Development, Communications and Citizen Voice, the community’s neighborhoods are being beautified while its world-class industrial park is being leveraged to secure and create not only jobs, but great careers. An excellent school system, Hot Dogs sports teams, nationally-recognized library, revitalized downtown and active Main Street businesses, City-County airport, six City parks and access to nine major highways and roads add to an appealing and inviting community in which to live, work and play. For more information, visit: www.frankfort-in.gov.

 

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