Nestle investing $79.5 million in Anderson

HERALD BULLETIN 12/15/2017

ANDERSON — Since locating in Anderson in 2009, the Nestle company has expanded its operations in the community at least six times and is planning to make another investment. The Anderson City Council on Thursday set final consideration for a requested tax abatement on an investment of $79.5 million in new equipment that will create an additional 30 jobs with an average annual salary of $75,000. The average hourly wage would be $36.06. The requested personal property tax abatement would be 65 percent for six years. The council will consider adopting the tax abatement for Nestle at its Jan. 11 meeting. Mayor Thomas Broderick Jr. said the city didn’t offer the standard 100 percent tax abatement but negotiated with Nestle for the lower percentage. “We want to continue to be aggressive to bring new business to Anderson,” Broderick said. “But we wanted to be fair to the taxpayers and continue to expand our tax base.” Broderick said the city is being more cautious when it comes to providing tax abatements to companies making investments in the city. “Nestle has been a good corporate citizen,” he said. “They donated the hot chocolate for the annual Christmas parade. We reached a deal that will benefit both parties.” Greg Winkler, executive director of the Anderson Economic Development Department, said Nestle is the city’s largest employer. “We worked hard to negotiate with Nestle,” he said. Josh Malancuk, representing Nestle, said tax abatements are a big part of why the company can expand its operations in Anderson. Malancuk said since Nestle opened in Anderson in 2009, the company has invested more than $800 million in the facility. He said the company currently employs 774 people at the Anderson plant. The Nestle plant in Anderson manufactures Coffee Mate creamer and Boost nutritional drinks.