Banking & Finance  February 3, 2017

Smucker could receive up to $10.6M in incentives from state, Weld County, Longmont

LONGMONT — Ohio-based J.M. Smucker Co. could receive up to $10.6 million in incentives if it goes through with its plans announced earlier this week to build a $340 million manufacturing plant in the eastern portion of Longmont in Weld County.

The incentive packages would be from the state of Colorado, worth $1.1 million; Weld County, nearly $3 million; and up to $6.5 million from the city of Longmont.

The project is contingent on the approval of the tax and business incentives that range from cash payments to fee and tax rebates and…

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