JBS Expanding Utah Plant With State's HelpJBS Expanding Utah Plant With State's Help
Utah’s Board of the Governor’s Office of Economic Development met and approved a post-performance tax rebate to assist the meat packing and processing facility to expand in Hyrum, UT.
February 13, 2011
Utah’s Board of the Governor’s Office of Economic Development met and approved a post-performance tax rebate to assist the meat packing and processing facility to expand in Hyrum, UT. JBS USA Holdings Inc. plans to invest more than $30 million in developing a new and expanded meat packing and processing facility in Hyrum.
When completed, the expansion will employ 420 new full-time staff in addition to the nearly 1,000 current employees at the location. The new positions will offer wages in excess of 100% of the Cache County average wage, including full benefits. New state wages paid over the 10-year life of the incentive will exceed $115 million and the state expects to receive more than $8.7 million in new taxes paid over the same period.
“We congratulate JBS on the expansion of their Hyrum facility,” said Utah Governor Gary Herbert. “This expansion will bring new, stable and high-paying jobs to northern Utah.”
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