Revenue note issued for DuPont’s Solae soy processing plant in MidAmerica Industrial Park, Pryor Creek, OK
Oklahoma leaders OK funds for Pryor plant
By MICHAEL MCNUTT NewsOK.com
Published: 7/28/2012 2:28 AM
Last Modified: 7/28/2012 3:54 AM
Michael Davis, president of the Oklahoma Industrial Finance Authority, said the deal allows Solae to construct a building and update equipment. The Pryor plant, which has 178 employees, is expected to add 48 jobs by the third year of the expansion.
Solae, owned by DuPont, will buy the $4.35 million note and then be repaid by the state over 10 years with state withholding taxes collected from the Pryor plant employees, Davis said.