Groundbreaking Ceremony Scheduled For Agrex Facility In Laurel
Posted: 13 June, 2013
LAUREL - The Mayor, City Council, and Community Redevelopment Authority of the City of Laurel, along with Agrex Inc. and Laurel Economic Development, are pleased to announce the Groundbreaking Ceremony for Agrex Inc.
The Ceremony will be held at the future site of Agrex Inc., 57148 870th Road, Laurel, NE 68745, on Tuesday, June 18, 2013 at 9:30 a.m. Further, the aforementioned parties are excited to note that Nebraska Governor Dave Heineman is the featured guest speaker for the event.
Agrex Inc. is a grain merchandising company based in Overland Park, KS. In March 2013, Agrex Inc. purchased over 125-acres of ground running parallel to a short-line railroad that is owned by the Burlington Northern Santa Fe Railway. The short line railroad is located along the north side of Laurel and connects Sioux City, IA to O’Neill, NE.
In May 2013, Agrex Inc. announced their plans to build a 110-railcar shuttle-loader facility for corn and soybeans in Laurel. When completed, the facility will have 1.6 million bushels of upright grain storage, as well as 1 million bushels of pit storage. Todd & Sargent, of Ames, IA, is constructing the facility for Agrex Inc.
Agrex Inc. hopes to provide local grain producers with additional access to the export markets in the Pacific Northwest; Mexico and the Gulf; and to the domestic feed markets located in Texas and the southwest United States. Their goal is to purchase enough grain to fill an average of 3 railcar shuttles per month. Agrex Inc. plans to employ 6-8 FTE, with the possibility of additional seasonal employment.
Agrex Inc. has worked with the Laurel Community Redevelopment Authority to enroll in their Tax Increment Financing (TIF) Program to provide financing for site acquisition, site preparation, and the installation of infrastructure to serve Agrex Inc. Through TIF, the City of Laurel will receive $1.45 million to complete the installation of specific infrastructure needs.
Agrex Inc. hopes to be finished with construction by August 2014 and be operational for the 2014 Fall Harvest.