The city of Lawrence, Kan., has approved a 90 percent tax abatement for Berry Plastics Corp.'s Packerware unit.
Packerware has a 400-employee plant in Lawrence that it has operated since 1968 making housewares, food containers and drink cups. The site qualifies for a tax abatement of more than 55 percent of the value of its manufacturing equipment - the largest tax break in the city's history.
The firm plans a $118 million project that will include $93 million in new equipment, said Beth Johnson, vice president of economic development for the Lawrence Chamber of Commerce.
The first phase of the three-phase project will be completed this year and add $30 million in equipment and 43 employees. Phase two, set for 2007, will add 35 employees. In the third phase, from 2008-10, the firm expects to add 76 employees.
Officials of Evansville-based Berry did not return a call seeking comment before deadline.