The Coca-Cola factory in Auburndale is going to add 50 jobs at its facility, in addition to $51 million in capital investment.
The facility, located at 705 Main Street, specializes in non-carbonated beverages, such as Dasani water, Vitamin Water, and Simply Orange Juice. It also supplies a large number of drinks to Walt Disney World properties.
The Polk County Board of County Commissioners unanimously voted to approve a 10-year, 50% ad valorem tax exemption for the Coca-Cola facility. Ad valorem tax exemptions are incentives that can be provided for business improvements and expansions.
The county is going to lose $159,770 in ad valorem taxes each year of the 10-year exemption, which will run from 2024 until 2033, according to the agenda.
Early last year, Coca-Cola Beverages Florida announced it was moving its Lakeland facility to Winter Haven and adding 170 new jobs.