PepsiCo invests $159m to expand Frito-Lay production in Indiana; adds 50 jobs
The expansion will include two new snack production lines and a new 210,000-square-foot warehouse to allow “strategic space for growth,” said the company.
Frankfort Mayor Chris McBarnes said: “Frito-Lay’s significant financial investment and desire to create more jobs are 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.”
He noted the investment is a result of the collaboration between PepsiCo and the city’s finance committee.
“City officials have proposed a personal property tax abatement to bring this investment and jobs to the community… the Indiana Economic Development Corporation also offered Frito-Lay up to $550,000 in conditional tax credits based on the company’s job creation plans,” said McBarnes.
Frito-Lay currently operates more than 30 manufacturing facilities across the US.