Boulder City Manager Jane Brautigam has approved a business incentive package worth up to $50,000 for Boulder-based Rudi's Organic Bakery.
The incentive is in the form of a flexible rebate that can be applied to sales and use taxes and permit-related fees after Rudi's has made its investment and paid its taxes and fees to the city.
Rudi's Organic Bakery is a leading producer of certified organic bread in the United States. Founded in Boulder in 1976 by Sheldon Romer as a small, local bakery, Rudi's is now owned by Charter Baking. The company added a gluten-free production facility to its space at 3300 Walnut St. in 2013 and recently hired another 30 employees.
Rudi's now employs 230 people.
In a news release, Brautigam said the city is pleased that Rudi's is expanding its operations and product line in Boulder.
The flexible rebate program uses social, community and environmental sustainability guidelines. Companies choose the guidelines that best fit their circumstances, but must meet minimum requirements in order to receive the rebate.
Rudi's Organic Bakery donates several thousand loaves of bread per month to local food banks, including the Emergency Family Assistance Association and the COMPA Food Bank Ministry. Rudi's also sells any scrap raw materials as animal feed, including nearly 2,000 tons of scrap waste in 2012, and launched the "Sustainability Initiative" in 2012 to prioritize sustainability efforts within the company and to identify opportunities for improvement.
Rudi's was the fourth rebate package approved out of $350,000 set aside for business incentives in the 2013 budget.
For more information on the city's economic vitality program, go to bouldercolorado.gov and click "Business."