The City of Marysville is working with Nestle, pictured in this aerial photo above, on a deal that will pave the way for a $30-million expansion at the facility. The move will allow the company to bring 200 new jobs to the city.
(Journal-Tribune file photo)
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Marysville City Council is moving forward with legislation to keep one of the community’s largest companies in the community.
At Monday night’s work session, council heard the first reading of legislation offering an income tax credit to the Nestle Company in exchange for the company keeping 150 jobs in Marysville, creating 200 new jobs in town and investing an expected $30 million into its local facility.
Ahead of the meeting, City Manager Terry Emery said that “sometime last year” city officials were notified that Nestle was looking to consolidate two facilities — one in Marysville employing about 150 individuals and one in Dublin that employs about 200 people. At the time, company officials said they would likely close one of the facilities and expand the other.
“They weren’t quite certain which direction they might go at the time,” Emery said.
He said city officials were “kind of freaked out at the time.” Emery said the company has been in Marysville for 106 years. He said the operations in Dublin had been in Marysville until 1991.
“We were concerned about what the end result might be, but we respected their decision-making process and so we were just kind of in a waiting game,” Emery said.
He said city officials were notified “within the last several days” that Nestle will keep and expand operations in Marysville and likely close the facility on Eiterman Road in Dublin.
“This is obviously very, very good for our community,” Emery said. “It is just nice that as they continue their operations into the future, they will continue to consider Marysville their home.”
He said that as part of that, Nestle will invest about $30 million into the Marysville building “to prepare that facility for the transition.” That expansion is expected to be complete by mid-year 2026.
As part of the agreement to keep Nestle in the community, Marysville will offer the company a corporate income tax credit equal to 75% of new income tax revenues from new jobs created by the company in Marysville.
Officials estimate the credits will total about $916,000 over the seven-year life of the agreement. Even with the tax credit, officials believe the additional jobs will add more than $300,000 in income tax to the city over the agreement.
Nestle will also be expected to pay $6,000 annually to the Union County Community Improvement Corporation to cover the cost of the monitoring requirements.
According to the legislation, the city can terminate or adjust the agreement if Nestle fails to meet the payroll or investment expectation.
Emery said with work session just three days away, officials on both sides are “still reworking some things.”
He said company and city officials agreed the tax incentive should involve income tax credits rather than property tax abatements or agreements, which impact the school district and other entities.
“We are happy we didn’t lose the 150 jobs we have here in Marysville and that they will be investing here, but we are also very sensitive to our friends and partners in Dublin because we work closely with Dublin,” Emery said.
Officials from Nestle were at the Monday meeting to discuss the agreement with council.