Ethanol Blog
Todd Neeley DTN Staff Reporter

Tuesday Nov 17, 2009

County Gives Thumbs-up to tax Increment Financing for Ethanol Plant

The Sullivan County, Tenn. Commission agreed Monday to grant up to five years of tax increment financing for the Reclaimed Resources Inc. waste-to-ethanol project in Bristol, Tenn., according to the Kingsport Times News in Kingsport, Tenn.

The estimated TIF total for property tax revenues is between $4 million and $4.5 million.

Area businessman Ted Cox will pump an estimated $157 million into the project that is expected to create more than 100 jobs in the first two years of operation.

(Kingsport Times News, Nov. 16, 2009)

(http://www.timesnews.net/…)

Posted at 10:09AM CST Nov 17, 2009
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