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Last updated on Thursday, January 29, 2015
(NEW ALBANY) - New Albany is moving closer to issuing a $7 million bond that would offer General Mills incentives not to close its Pillsbury plant in the city.
New Albany's city council voted 5-2 in favor of a nonbinding resolution calling for moving forward with the bond.
The News and Tribune reports the two council members who voted against the resolution said they need more details about the bond package before agreeing to use taxpayer funds to support a business.
Pillsbury's refrigerated goods plant opened in the Ohio River city in 1959, and its 400 workers make it New Albany's fifth-largest employer.
General Mills announced Jan. 8 that it would close the plant by mid-2016, pending discussions with the union that represents plant workers.
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