A Dinuba company is in line for the new California Competes Tax Credit, one of 31 companies across the state selected to participate in the new program.
Fresh Select, LLC, a produce refrigeration and distribution business, is the only Central Valley firm in the running for $500,000 out of a total of about $30 million in tax credits available. A committee is scheduled to vote on the first round of tax credits Thursday in Sacramento.
As part of the tax credit agreement, Fresh Select plans to significantly ramp up employment, with a base of 11 full-time employees last year, 22 this year up to 352 through the 2018 tax year. That would include nearly $6 million in company investments through 2018, which is the tax credit period.
To read the rest of the story, please go to: The Business Journal