Win-win situation

Win-win situation
News Courier - Athens,AL,USA
... Biodiesel is also nontoxic, biodegradable and significantly reduces emissions of carbon monoxide and other chemicals blamed for certain cancers and global ...

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Most of the time industrial recruiters have to offer tax and infrastructure improvements as incentives to attract a company to the community.

In return, the company provides jobs and improves the city’s tax base.

It’s a long-time formula that has landed many large industries in the state.

But on Friday, a new biotech company brought their own incentives to the table when as part of the contract to purchase property in Elm Industrial Park, Southeastern BioEnergy LLC offered to donate 1 cent per gallon on the first 5 million gallons annually of biodeisel fuel produced at its new site to the city to use at its discretion. That’s $50,000 into city coffers.

Added to that is the offer to provide an additional 1 cent per gallon on the first 5 million gallons annually to Athens State University to fund studies on renewable energy sources and alternative fuels.

The third incentive is for the city and Limestone County to split 3 cents per gallon on the first 5 million gallons to use on community projects.

Biodeisel fuels are produced from any vegetable oil or animal fat by a chemical process. This in itself, is an encouraging development that would make the country less dependent on foreign oil imports. Biodiesel is also nontoxic, biodegradable and significantly reduces emissions of carbon monoxide and other chemicals blamed for certain cancers and global warming.

The term “win-win situation” is overused these days, so we don’t want to risk triteness by using it again. But in this case Southeastern BioEnergy owners Melvin and Beverly Kilgore have brought just such a deal to the table and we could hope more industries followed suit.

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