Another milestone occurred recently on the way toward the new Iowa Premium Beef (IPB) packing plant in Tama, IA.
IPB purchased $1 million worth of land in the vicinity of the plant, which is located at the site of the former Tama Pack facility. The 120 acres of land was purchased from the Iowa Economic Development Authority (IEDA), which took ownership of the land from the previous owner when the plant went bankrupt. The acreage is in the vicinity of IPB’s proposed new beef packing facility.
IPB plans to focus its operation on custom processing and more specialty brands. The proposed first phase of the project would employ 650 people and eventually could employ 1,000 people.
"Certainly we're about the creation of jobs and that's what they are moving forward to do," says Tina Hoffman, IEDA communications director.