Orange County Board of Commissioners Legislative Issues Report March 2026
Morinaga Foods Expansion Generates New Revenue and Jobs
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Description
Orange County benefits from Morinaga America Foods' factory expansion, generating over $4.5 million in new property tax revenue and creating 204 jobs during its first decade of operation.
Contract Details
Contract Amount
$4,506,628 in property tax revenue over 10 years for new expansion; $600,000 annually in year 11+; $171,742 in existing annual property tax revenue
Vendor
MORINAGA AMERICA FOODS
Agency
Orange County, NC
Contract Type
OTHER
Document Date
March 19, 2026
Contract Term
First 10 years property tax incentives for expansion; ongoing operations
Renewal Info
Ongoing property tax benefit from development; any specific incentive terms not stated.
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