Penza, 30 September 2016. PenzaNews. Members of the Legislative Assembly of the Penza region approved the investment agreement between the government of the region and “PenzaMolInvest” LLC during the 38 th ordinary session held on Friday, September 30.

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The corresponding regional draft law was introduced by the first deputy minister of economy of the Penza region Rauf Chakaev, who is temporarily acting as head of the department in connection with the participation of Sergei Kapralov in the international forum in Sochi.

According to Rauf Chakaev, investment project provides for expansion of the industrial complex on breeding turkeys in the Penza region of up to 100 thousand tons per year.

“The company plans to start the project implementation the next year. Capital investment on behalf of the company amounts to over 6.5 billion rubles. The commissioning of the objects of the investment project is planned in stages, starting with I quarter of 2017,” the speaker informed.

He added that as part of the complex expansion, it is planned to create at least 1,230 additional jobs for residents of the Penza region, while the average monthly salary must exceed 31 thousand rubles.

“The investment agreement provides for the state granting of the enterprise as the organization of agricultural producers in the form of lower rates of property tax at 1.1% for the period of three years,” Rauf Chakaev explained.

Commenting on the report, the chairman of Legislative Assembly of the Penza region Valery Lidin drew attention to the fact that the investment agreement 2014 on the development of “PenzaMolInvest” LLC gives good results.

“I would like to inform you that the budget of the Penza region received up to extra-100 million rubles, 504 new jobs were created, with the average salary of over 30 thousand rubles,” the speaker of the regional parliament said.

Valery Lidin noted that in the first half of 2016, the regional budget received 72 million rubles.

“The average number of employees is about 1,600 people. During the first half of the year, 402 new jobs with the average salary of 33 thousand rubles were created,” he said.

As a result, the bill was passed by a majority vote.

In accordance with the investment agreement, the term of the tax benefits for “PenzaMolInvest” LLC is designed for 3 years from the moment of facility commissioning — 2017-2019.

According to preliminary estimates, the amount of tax benefits for this period will exceed 388 million rubles. At the same time tax revenues to the Penza regional budget during the payback period — 2016-2024 — amount to 2,732,654 thousand rubles.

Budget losses due to preferential reduction of rates on property tax are supposed to be compensated by the additional income on property tax and personal income tax.