BATON ROUGE, La. (BRPROUD) – The East Baton Rouge Parish Public School Board voted unanimously to approve an ITEP measure, giving the final green light for ExxonMobil to receive a $23-million-dollar tax break.
Last week, the ITEP request was approved by the East Baton Rouge Metro Council and Sheriff’s office on February 5th.
“It helps the refinery be competitive, it helps our chemical plant be competitive for future projects and it brings so much economic development opportunity to community with direct benefit to our nearest neighbor that is the commitment we are making with this project” said Gloria Moncada, Vice President, Americas fuels, with ExxonMobil Fuels and Lubricants Co.
School board members believe the program is a good idea and will create jobs and bring revenue to the capital city.
“When I talked to local businesses, when I talked to a lot of students that are inside our CTE program. Those of the students who are going to be directly hired. They are going to be doing direct hires from north Baton Rouge which is right now debilitated by rampant crime that’s happening in the that’s happening in the area and unemployment and those are the things that spoke to us tonight” said Dadrius Lanus, East Baton Rouge School Board member.
The tax break lasts for 10 years, something ExxonMobil says is vital for the investment to move forward.
“We go now to our management committee and we lay the best economics down on the table and put our best foot forward” said Moncada.
Now with the parish’s stamp of approval, the $240,000,000 project goes back to the corporation for a final decision.
“We put in there that we have an ITEP incentive what is the economics of doing this in the state of Louisiana versus elsewhere” said Moncada.