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Murray City Council Agrees to IRBs for KenLake Foods Expansion

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Matt Markgraf, WKMS
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A food processing facility in Murray associated with a national supermarket chain is expanding in Murray and city officials have agreed to help. 

KenLake Foods is a Kroger-affiliated plant that specializes in nuts, cereals and other goods. The company is starting a natural foods line and is installing $9 million in equipment and $3-4 million in building improvements.

The city council recently agreed to a resolution to issue industrial building revenue bonds to KenLake at a future date. IRBs are tax-exempt loans that can finance business projects generally intended to enhance a local economy.

The resolution says the cost does not come from city funds, but rather the company makes payments under a lease agreement.

KenLake needs endorsement from local taxing districts before the bonds can be issued.

The project would create 5  or 6 new jobs. KenLake currently has around 344 employees.

Matt Markgraf joined the WKMS team as a student in January 2007. He's served in a variety of roles over the years: as News Director March 2016-September 2019 and previously as the New Media & Promotions Coordinator beginning in 2011. Prior to that, he was a graduate and undergraduate assistant. He is currently the host of the international music show Imported on Sunday nights at 10 p.m.
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