Hesston approves $6 million in IRBs for AGCO improvements

Hesston City Council on Monday approved the issuance of $5.8 million in industrial revenue bonds for AGCO Corp. AGCO approached the city in 2021 with a request for support in the planned purchasing and equipping of improvements to its manufacturing facilities over give years. The city held a public hearing in June 2021 on the issuance of $72.8 million in IRBs and a tax abatement. The city issued $22.6 million in IRBs in 2021. The city has issued more than $242 million in IRBs for AGCO since 2001.
Source: Harvey County Now