RDA Happenings August 2013
Posted on August 1, 2013 – By Emporia RDA
What an amazing accomplishment the new owners, Apollo Global Capital and the Metropoulos Company, of Hostess Brands LLC have done.
On April 19th they took possession of five of eleven former Hostess bakeries and assets to re-start a business that was idle since November 21, 2012.
They completely started from scratch with no employees and bakeries that needed to be cleaned, old equipment removed, new equipment installed and hire enough staff to produce cake products such as Twinkies, Cup Cakes, Donuts and other treats. This task was accomplished by mobilizing Columbus, Georgia, Indianapolis, Indiana, Schiller Park, Illinois and the Emporia plant. These four plants produced 50 million Twinkies in two months to meet the product launch on July 15th. Hostess Brands rising from liquidation is an incredible story of our free enterprise system in the U.S.
I read in this evening’s Emporia Gazette (August 8, 2013) the headline “PROPOSED BUDG-ET REDUCES LEVY BY 7.5 MILLS”. The first phase of the Westar Energy – Emporia Energy Center was just added to Lyon County’s tax base. Next year the second phase of the project will be added to the tax base with hopefully another reduction in the Lyon County mill levy. Another Return on Investment (ROI) from the funding of the Industrial and Economic Development Sales Tax led by the efforts of the RDA.
Goods things are beginning to happen for the residents in Emporia, Lyon County and our region with Hostess reopening, the Emporia Energy Center being added to the tax base and the three-year drought ending. The downside to the drought ending is the flooding along the Cottonwood River.
On Wednesday, August 7, 2013, the Emporia City Commission approved the Incentive Compliance Agreement for Fanestil Meats to begin phase 1 of the relocation out of the Cottonwood River flood way. We all look forward to the day when Fanestil’s operations are totally relocated out of harm’s way.