The addition of another business at Napa Junction will help pay off the tax increment financing for developments at the site.
The Yankton County Commission gave approval to issue eight million dollars in federal bonds for Dakota Protein.
They plan to produce feed pellets from DDG’s, left over from ethanol production.
Commission Chairman Todd Woods says the project adds to the county’s tax base….
Woods says adding jobs is another benefit….
Woods says the federally backed economic bonds are designed for this type of development…
The only financial obligation is between the company and their bank. The plant developers hope to be in production by next spring.
