There wouldn't be much of an economy inCenter, Texas, without Tyson Foods Inc. Thecompany has a sprawling chicken-processing plant in town andemploys about 1,600 people in a city of just over 5,000 near theLouisiana border.

So, when Tyson signaled two years ago that it wanted to build a$50 million feed mill, Center's economic development director, JimGibson, was eager to find a location and suggest taxabatements.

Before long, Tyson keyed in on a new benefit: a tax break signedinto law by President Donald Trump, aimed at luring newinvestments to thousands of low-income areas across the countrydubbed "opportunity zones." Center and most of the surrounding areasat squarely in one.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.