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PepsiCo To Expand Beverage R&D Facilities In N.Y.

February 2, 2017: 12:00 AM EST
PepsiCo is negotiating with the town of Mount Pleasant, N.Y. (Westchester County), to expand its beverage research campus with a three-story, 122,000-square-foot R&D facility. The mayor of the town welcomed the news because the new facility would not only mean increased property taxes, it would provide employment. The town’s industrial development agency may grant the company sales and use tax exemptions on purchases of construction materials, as well as a partial real property tax abatement in the form of a payment in lieu of taxes agreement.
Aleesia Forni, "PepsiCo Planning R&D Expansion, Renovations in Mount Pleasant", Westchester County Business Journal, February 02, 2017, © Westfair Business Publications
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