Governor JB Pritzker joined state and local leaders – along with the Illinois Department of Commerce and Economic Opportunity – to celebrate the official groundbreaking of Incobrasa Industries LTD’s expanded manufacturing facility.
The expansion represents more than $250 million in capital investment and will create 40 new full-time jobs while retaining 200 jobs – generating a plurality of economic benefits for the region and state.
The governor noted:
“With Incobrasa’s announced expansion today, the company will more than double its production capacity by 2030. That’s a win for Gilman, for Illinois, and for the nation. In addition to sustaining and creating new, permanent, good-paying careers, this new $250 million expansion will mean dozens of construction and installation jobs for workers here in Iroquois County and across the region. We’re making it easier for companies to do business in Illinois. We’re investing in our skilled workforce. And we’re modernizing our transportation systems, roads, ports and airports. Illinois is on the rise and open for business.”
Incobrasa is known as an industry leader in soybean processing and has had a manufacturing presence in Illinois since 1997.
The Gilman plant primarily processes soybeans to produce animal feed, packaged vegetable oil, and biodiesel. The company’s capital investment will construct a new soybean crushing facility – adding 170,000 square feet of new state-of-the-art production facilities.
The company will also be constructing a 50-acre solar array to help fuel the facilities, which will have the capacity to generate 5 megawatts of energy – enough to provide power directly to the plant or even to feed the greater power grid itself.
As part of the expansion, the company received an Economic Development for a Growing Economy (EDGE) tax credit, which specifies a minimum capital investment of $155.8 million; a link to the full agreement can be found below.
https://www2.illinois.gov/dceo/ExpandRelocate/Incentives/Pages/EdgeAgreements.aspx
