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Old Posted Aug 7, 2009, 6:54 AM
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SpawnOfVulcan SpawnOfVulcan is offline
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Join Date: Apr 2008
Location: America's Magic City
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The Industrial Development Board in Decatur approved two industrial expansions in the river city. AlphaPet Inc. and ITC-AL LLC, both won approval for their expansions.

ITC will spend $13 Million on their expansion, eventually employing 7 more employees. This expansion will pay education taxes of $56,450 each year.

AlphaPet will eventually become the largest producer of PET pellets in the country. These pellets are used to create various plastic products. This expansion will create 100 jobs (with a payroll of $4.5 million) within the next three years and will generate $469,546 in education taxes. AlphaPet capital investment in Decatur will total $181.2 million at the end of the expansion, which would be up by $20 Million.

Academy Sports and Outdoors opened yesterday. The store employs 125 full or part time employees.
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