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New barge terminal bringing jobs and over 30 million investment to Peru

Posted by wlpo on March 9, 2015

A new fertilizer and grain barge terminal in Peru will bring a small amount of jobs but a lot of tax dollars.

The Peru City Council Monday night approved an annexation agreement, zoning change and permits for a 31 million dollar investment. The barge loading facility will handle corn and soybeans and have a 47,000 ton capacity fertilizer warehouse. It’s a partnership between CHS, Inc. out of Minnesota and Northern Partners Cooperative in Mendota.

The companies plan on hiring at least eight people when their barge terminal is up and running by next spring. It’ll be south of Market Street along the Illinois River.

Alderman Mike Radtke says this shows that people still want to invest in Peru and it should help stabilize the city’s tax rate.

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