Monroe business gets tax deal for expansion

3:37 p.m Friday, Aug. 18, 2017 Local News
Nick Graham
Monroe City Council approved a tax abatement for Performance Food Group. PFG recently acquired Presto Foods (pictured), 201 Lawton Ave., and is evaluating a 35,000 square-foot expansion of the current warehouse facility. NICK GRAHAM/STAFF FILE

A Monroe business will receive tax incentives from the city for a future expansion.

Performance Food Group, which recently acquired Presto Foods, is planning a 35,000-square-foot expansion for additional warehousing space at its current 80,000-square-foot facility at 201 Lawton Ave.

City council has approved a three-year, 100 percent tax abatement with the company that will amount to $3,172. The agreement will have no direct impact to Monroe’s budget, officials said.

The company has indicated any tax incentives will be offset by additional employees, city officials said.

City Manager Bill Brock said this project replaces the project previously considered by City Council several months ago.

He said the original project failed to move forward due to changes in the company’s ownership and additional consideration of the company’s future needs. While the original project called for a two-phase expansion, the company is only considering one phase at this time.

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