USA, Salt Lake City. Tyson Fresh Meats, a subsidiary of Tyson Foods Inc., will invest nearly $300 mill. to develop a food production plant in Utah County that will initially provide 800 new jobs and is expected to expand to 1,200 positions within three years, the Utah Governor’s Office of Economic Development announced.
The project is forecast to add an estimated $27 mill. in new state tax revenue over the next 10 years. The economic development office's board of directors approved a post-performance tax credit not to exceed $5.26 mill. over a 10-year-period and $300,00 from the Industrial Assistance Fund for last-mile infrastructure.
The Tyson Fresh Meats business unit currently has three case-ready plants, operating in Sherman, Texas, Council Bluffs, Iowa, and Goodlettsville, Tennessee, and hopes to open the Utah facility by 2021.