- Associated Press - Tuesday, April 29, 2014

ENID, Okla. (AP) - A North Dakota-based company has closed on its of purchase of 400 acres to build a new canola processing plant in Garfield County.

Northstar Agri Industries, which is a subsidiary of PICO Holdings, Inc., says the plant will eventually employ 60 people and crush 760,000 tons of canola annually.

The Enid Regional Development Alliance says the new plant will also provide opportunities for Oklahoma farmers who grow canola.

The Enid News & Eagle reports (http://bit.ly/1iy3mzS ) that the city has created a tax increment finance district to create incentives for the plant. The district is expected to generate up to $27 million over 25 years, including $15 million in incentives for Northstar and $12 million in compensation to the city for infrastructure improvements to support the plant.


Information from: Enid News & Eagle, http://www.enidnews.com



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