Frito-Lay expanding in Frankfort
FRANKFORT, Ind. (Inside INdiana Business) — An expansion of operations and new jobs are coming to the Frito-Lay plant in Frankfort. Frito-Lay parent PepsiCo Inc (Nasdaq: PEP) says it will invest $60 million in the facility and add 50 jobs, which brings the total investment in the plant to more than $230 million over the last two years.
Frito-Lay says the expansion includes a new manufacturing line and increased capacity to allow for future growth. The company says the site will grow to 135 acres with 21 operating snack production lines.
“Frito-Lay’s continued financial investment and creation of jobs in Frankfort during these challenging times, reinforces their commitment to strengthening our local economy,” said Mayor Judy Sheets. “I am grateful to the company and everyone who played a role in making this project happen.”
The city of Frankfort collaborated with Frito-Lay on a personal property tax abatement to help deliver the investment and new jobs. The Indiana Economic Development Corp. also offered the company up to $550,000 in conditional tax credits based on job creation plans.
Frito-Lay says construction is set to begin early next year, with completion set for early 2022.
In September 2019, the company announced plans to invest $70 million to add a new snack line, expand a warehouse, and add 45 jobs. More than a year prior, Frito-Lay announced a $159 million expansion that would create 50 jobs.