DeKalb County's development authority is participating in a $37 million bond issue to acquire, equip and install machinery and equipment at a distribution facility to be rented to the parent company of Sugar Bowl Bakery, a California-based, family-owned business.
A bond resolution was passed at Decide DeKalb's Aug. 13 meeting. The authority says it has a rental agreement with Ly Brothers Corporation. Superior Court Judge Linda Hunter will consider the bond issue at a hearing at 11 a.m. on Monday, Sept. 14.
It was announced this spring that Sugar Bowl Bakery would open a new $37 million east-coast hub at 3301 Montreal Industrial Way in Tucker. The company said that, over the next five years, it would create about 400 new jobs.
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Sugar Bowl Bakery CEO Andrew Ly recently told ChiefExecutive.net that he predicts better business conditions after the November presidential election.
"Election will be over and whoever wins, it is less uncertainty," he said.
The Sugar Bowl Bakery was started in 1984 by five immigrant brothers. The company says it is one of the largest family- and minority-owned bakeries in northern California.
