LANSING, Mich. — Sen. Judy Emmons has announced that a nearly $130 million soybean processing plant will be built in Ithaca following approval on Tuesday of a brownfield tax capture.
“This is great news for the people of Ithaca, area farmers and the entire state,” said Emmons, R-Sheridan. “While this project will help create 74 jobs and generate $129 million in investment, its largest positive impact will be in our agricultural community. Once completed, this new facility will help make Michigan’s food-processing industries more competitive and reduce costs for Michigan farmers.”
The County of Gratiot Brownfield Redevelopment Authority on Tuesday received Michigan Strategic Fund approval of $12.2 million in local and school tax captures for brownfield activities at the ZFS Ithaca development project. ZFS Ithaca is an affiliate of Zeeland Farm Services, a family-owned-and-operated business with 65 years of service to the agriculture and transportation industries.
ZFS Ithaca plans to construct a new soybean processing plant and grain shipping facility at a 435-acre site in the city of Ithaca.
Emmons said that that project is expected to boost the percentage of Michigan-grown soybeans processed in-state from 10 percent to as much as 60 percent. According to the Michigan Department of Agriculture and Rural Development, that could result in savings of 25 to 40 cents per bushel for Michigan farmers by reducing transportation costs of sending soybeans to out-of-state processing facilities.
“I applaud the local leaders for working together with state officials and ZFS Ithaca to make this tremendous project possible,” Emmons said. “I also want to thank ZFS Ithaca and Zeeland Farm Services for making a multi-million-dollar commitment to mid-Michigan and the entire state.”