Shoreline Fruit receives ag processing renaissance zone approval
This Zone classification was a critical first step in Shoreline’s estimated $ 7.5 million expansion plan for its current processing facility in Yuba, Mich. The APRZ designation waives most state and local taxes for up to 15 years, for the expanded area of the plant only, and it is estimated that it will provide the company with up to an additional $1.9 million to invest in its ongoing operations.
“We appreciate the support of Acme Township, Grand Traverse County and the state of Michigan in securing this approval," said Ken Swanson, Shoreline Fruit CEO. "It was critically important for our expansion plan and it demonstrates an increasing recognition of the significant impact agriculture has on our state’s current and future economic success."
“We’re extremely excited about the growth of our company and the opportunity to invest in expanding our processing operations here in northern Michigan," Swanson said. "The increased capacity should allow us to create over 45 local jobs over the next five years and to support our local agricultural community."
For more information, visit www.shorelinefruit.com.