That is truly a significant event for Canyon.” Construction for the new Lone Star Dairy Products Plant is expected to take 14 to 18 months to complete. As far as the plant, we add $680,000 to our property tax collections over the next 10 years.
Then, they’ll spend money here, which will boost our economy. “Plus, hopefully some, if not all, of the employees will live in Canyon and buy homes here. “Each dollar turns over seven times, with an anticipated payroll of about $4 million,” Criswell said. The net economic impact of this new facility on the region is expected be $73 million in the first 10 years. TRADE AND INDUSTRY DEVELOPMENT TID_MA16: įEATURE | CiCi Awards PHOTO COURTESY OF KGNCNEWSNOW.COM (Continued from page 73) fields, baseball fields and other city or county property.
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