It may not look like much now but a pile of dirt near 190th Street just south of U.S. Highway 34 will soon be home to A&M Green Power's latest retail and office facility.
A&M Greenpower broke ground on a new 53,250 square foot building on 40 acres along 190th Street this spring. The facility will house some corporate office space and retail sales and service of farm and acreage equipment. A&M Green Power, formed in 2006 when Athen Implement of Hamburg joined forces with Macedonia Implement of Macedonia, is one of the leading farm and acreage sales implement and service providers in southwest Iowa.
Jeremy Ostrander, sales manager and partner with A&M Green Power, said the facility will likely open in time for late planting season in 2010.
With the new Glenwood store opening, A&M will be closing locations in Malvern and Plattsmouth. Employees from those two locations will merge with the new facility to employee approximately 50. No employees will lose their jobs as a result of the merger, added Ostrander.
“This is an expansion of our business, not a cut,” he said.
The deal to open the new acility along 190th Street had been in the works since April when representatives from A&M Green Power and Glenwood/Mills County Economic Development met with county officials in April about the site. A&M purchased the 38.48 acres from Virgina and Jay Christensen for $457,440 last September. As part of the deal to locate in Mills County, A&M Green Power received a five year, sliding scale tax abatement. The abatemente, which will likey go into affect in September of 2011, offers a 75 percent reduction in property tax the first year, 60 percent the following year, 45 percent the next, 30 percent the following year and 15 percent in the final year of the abatement.
That tax credit, location access for both Nebraska and Iowa customers and the county agreeing to pay approximately $12,000 for sewer and water extensions to the site made the 190th Street cooridoor an attractive option, Ostrander said.
“I think it's a credit to Mills County Economic Development that this site offered a paved road and water and sewer access, which was an absolute requirement you can't always get,” said Ostrander. “This was something that certainly made this a good spot for us.”
The facility will occupy 20 acres with 10 acres left undeveloped on either side for future expansion or potentially another business to that would be “complimentary” to A&M Green Power, said Ostrander.
According to Linda Washburn, Glenwood/Mills County Economic Development Director, A&M Green Power is a perfect addtion to the the Glenwood business community.
"We are very pleased that A&M Green Power chose Mills County to locate their new regional facility. By making a significant investment and providing another anchor business on the 190th Street Corridor, we anticipate that their presence will encourage further development, especially with construction of the new four-lane Highway 34 and bridge. Agri-business is one of our target markets and they are a fit for that market and the location.”
Ostrander declined to detail the construction cost of the new facility but did say the building would likely be energy efficient and follow “green” building specifications.