Kraft Heinz plans to spend $30 million to upgrade its factory in Northeast Indiana, according to local reports.
The Fort Wayne Journal Gazette reported that the Kendallville City Council late last month approved a 10-year tax abatement program to support the project, which would include the installation of new manufacturing equipment and other improvements.
The food giant makes marshmallow and caramel products at the plant on the city’s south side, which employs 338 people.
The abatement package would reduce the taxes owed by Kraft Heinz on equipment and facility improvements — gradually rising from no taxes owed in the first year to a 10% reduction in year 10. The Journal Gazette reported that the company would save nearly $1.5 million over that span.
The project is not expected to add any new jobs.
“It’s great to see they are reinvesting in their facilities,” Kendallville Mayor Lance Waters told the paper.
The facility reportedly dates back to 1935; it began making products for the Jet-Puffed marshmallow brand in 1961.
