EDWARDSVILLE — The city is seeking an expansion of its enterprise zone to accommodate the planned construction of a new headquarters for Prairie Farms Dairy.
The Carlinville-based dairy cooperative plans to build a new, three-story 37,000 square-foot headquarters facility in Edwardsville’s corporate center, which sits along I-55 and Route 143. While the Carlinville headquarters will remain open, 90 employees will be relocated to the new facility, which will cost $9 million to construct.
The new construction is contingent on being included in the Gateway Commerce Center Enterprise Zone, which includes Pontoon Beach and parts of Madison County. Both Pontoon Beach and the county will have to pass ordinances approving the enterprise zone expansion.
The Edwardsville City Council moved the ordinance for second reading at its meeting Tuesday night. It can be approved at the next council meeting on April 19.
Businesses in government-defined enterprise zones benefit from incentives like property tax abatement, sales tax exemptions, tax credits and deductions, low-interest financing programs and training programs.
Prairie Farms reports annual sales of $3 billion and employs 5,700 individuals. Founded in 1938, it operates 36 manufacturing plants and more than 100 distribution facilities in the Midwest and South.
Hortica Insurance and Employee Benefits, a national insurance company, is also located in the city’s corporate center.
Reach reporter Kelsey Landis at 208-6460, Ext. 1396 or on Twitter @kelseylandis.