Colorado has approved economic incentives for Ardent Mills, the joint flour-milling venture proposed by ConAgra Foods, Cargill and CHS Inc. The business would be headquartered in the Denver area.
The Denver Business Journal reported that the Colorado Economic Development Commission has approved two offers, though Ardent Mills would receive just one: either a $5.6 million state income tax break, or a one-time payment of between $600,000 and $1 million from a state incentive fund.
Colorado Gov. John Hickenlooper said in his state of the state speech last week that landing the national headquarters for Ardent Mills was “like winning a Super Bowl for rural communities.”
Colorado is a major wheat-producing state.
The Ardent Mills venture is still awaiting regulatory approval.