Frankfort, Clinton County, and Indiana State officials announced PepsiCo’s Frito-Lay division will invest $159 million, providing 50 new jobs in Frankfort to enhance its current operations.
The investment in this US city, where Frito-lay operates two manufacturing sites will add two new snack production lines. The investment also includes warehouse expansion to allow strategic space for growth.
According to Mayor Chris McBarnes, Frito-Lay’s new investment significantly enhances Frankfort’s quality of place and quality of life for its residents.
Chris McBarnes, Mayor of Frankfort:
“Frito-Lay has long been a valuable corporate citizen. Frito-Lay leaders’ decision to reinvest in our community reinforces we are on the right track with our revitalization and workforce development efforts to make Frankfort the city that feeds the state that feeds the world.”
“Frito-Lay’s significant financial investment and desire to create more jobs are shining examples of their continuing commitment to thrive and succeed here while strengthening our local economy and enhancing our industrial workforce and their employees’ quality of life.”
Frito-Lay, the largest producer of snack foods in the United States with more than 30 manufacturing facilities, is a subsidiary of PepsiCo, one of the world’s leading food and beverage companies.
Frito-Lay has had a presence in the Frankfort community for more than 30 years, employing approximately 1,100 full-time associates. With its two manufacturing site locations in Frankfort, the company operates 17 snack production lines and sits across 135 acres.
The construction project will fill a need for additional capacity and capabilities for Frito-Lay’s Frankfort operations, and will provide employment opportunities and 210,000 square feet of additional space.
The Frankfort facility was considered for this significant investment as a direct result of the collaboration with the mayor and the city’s Finance Committee.
City officials have proposed a real and personal property tax abatement to bring this investment and jobs to the community. Additionally, the Indiana Economic Development Corporation offered Frito-Lay up to $550,000 in conditional tax credits based on the company’s job creation plans.
Jim Schellinger, Indiana Secretary of Commerce:
“The manufacturing industry continues to be a significant driver of Indiana’s economy thanks to companies like Frito-Lay.”
“As a state, we are committed to providing a fiscally predictable, pro-growth and low regulation business climate that allows manufacturers and job creators across all industries the ability to grow with confidence.”
Additional project details will be announced at a later date.
