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MegadealsSubsidy Tracker Individual Entry
Company: Neighbors LLC
Parent Company:
Subsidy Source: state
Location: Louisiana
City: West Monroe
County: Ouachita
Address: 131 Frost Commercial Drive
Zip: 71292
NAICS Industry Code: 311824
Project Description: This addition added new equipment to increase production and improve efficiency on our lines. We added mixers to increase the output of our cookie dough. This is allowing us to produce more finished goods and add an additional line in the production room. One of the mixers is designed to handle bulk processing and is self-cleaning. The ability to handle bulk ingredients in the future will reduce our raw material costs and the self-cleaning is designed to improve down time. We also added a new flow wrap machine, a case erector, tray denesters, and robotic packaging for one of our cookie lines. All of the additions to this line are designed to increase production and to improve the efficiency of this line. These additions also included an additional scanning device to monitor the cookie dough at the finished good stage and a stacking device for packaging.
Year: 2023
Subsidy Value: $100,197
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 5
Wage Data: $124,000
Wage Data Type: Estimated New Payroll
Capital Investment: $2,276,696
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.