Incobrasa Industries Expands Gilman, Illinois, Manufacturing Operations
The investment will include a new soybean crushing facility in addition to a 50-acre solar array. The location currently processes soybeans to produce animal feed, packaged vegetable oil, and biodiesel.
"Today is an exciting day for Incobrasa and our community. Because of the EDGE tax credit- we will be able to expand our workforce, and our footprint with local farmers," said Aluizio Ribeiro, President & CEO of Incobrasa. "We want to extend a special thank you to Governor JB Pritzker, Deputy Governor Andy Manar, and DCEO Director Kristin Richards for their assistance and guidance for their dedication to ensuring that businesses flourish and expand in Illinois."
The project is being supported by an Economic Development for a Growing Economy (EDGE) tax credit, which specifies a minimum capital investment of $155.8 million.
"Bolstered by DCEO's EDGE tax credit, Incobrasa's $250 million investment at its Gilman location will create jobs and boost the economy," noted DCEO Director Kristin Richards. "Through a variety of business attraction incentives, the State of Illinois is committed to supporting businesses with a shared commitment to investing in Illinois' communities while spurring economic development."
Incobrasa is a soybean processing and biodiesel manufacturing company. Incobrasa’s process and systems include shipping & receiving facilities, high volume grain dryer, eight concrete 190,000 bushel silos and multiple facilities including soybean preparation, oil extraction, refinery, food grade oil packaging and biodiesel production.
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