Forum Communications, Published September 04 2012
Minn-Dak to expand beet plantFARGO — The board of Minn-Dak Farmers Cooperative of Wahpeton, N.D., voted Aug. 28 to go ahead with a $70.3 million plan to build a molasses desugarization plant as an add-on to its sugar beet factory.
The desugarization and load-out facility will be a major expansion of the plant, says David Roche, the company’s president and chief executive. It will add 20 additional jobs. The two-year construction period will begin in September.
Roche says the project will have a five-year Richland County tax exemption at 100 percent, and another five years at 50 percent. It will have interest rate buy-downs from the state, and a use-tax exemption, among other assistance.