Investment Tyson Foods plans $300 mill. meat packaging plant
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 proposed facility will be a 400,000-square-foot case-ready plant, which will take large cuts of beef and pork and convert them into steaks, chops, roasts and ground meat to be packaged, weighed and labeled on retail trays that are shipped and sold in grocery stores, explained Tyson Fresh Meats senior vice president Nate Hodne.
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.