Companies awarded tax credits for expansions
COUNCIL BLUFFS, Iowa – Tyson Fresh Meats, Inc. and Gavilon Ingredients, LLC will be expanding operations in Council Bluffs, Iowa, after winning tax credits from the Iowa Economic Development Authority Board.
Tyson Fresh Meats, a subsidiary of Springdale, Ark.-based Tyson Foods, received more than $950,000 in tax credits, according to local news reports. Tyson Fresh Meats operates a prepared foods facility that produces beef and pork products. The company plans to expand the facility by installing new equipment at a cost of $9.5 million. The expansion is expected to create 139 jobs of which 22 are incented.
Kansas City, Mo.-based Gavilon Ingredients, a wholly owned subsidiary of Gavilon Agricultural Holding Company, plans to build an animal feed handling facility with attached storage and container loading terminal capabilities. The project is expected to cost $4.5 million and create 11 jobs, nine of which are incented.