The company will invest $2.28 million to buy, renovate and equip a 56,500-sq.-ft. facility on a 5.9-acre lot. The facility will support fresh pork shipping and warehouse receiving operations. Indiana Packers expects the plant to be operational in August. The company expects to create 98 new jobs by 2016. Indiana Packers currently employs 2,000 workers at its Delphi, Ind., facility.
"We are excited about the opportunities here in the Frankfort community," said Russ Yearwood, president of Indiana Packers. "The location and strong workforce complements our economic growth plan. Selecting Frankfort for our facility was made possible due to the partnership between Indiana Packers, the state of Indiana, Clinton County and Frankfort officials. We look forward to a great partnership for many years to come."
The Indiana Economic Development Corp. offered Indiana Packers up to $400,000 in conditional tax credits and up to $139,500 in training grants based on the company's job creation plans. The city of Frankfort will consider additional property tax abatement.
Indiana Packers, a subsidiary of Japan-based Mitsubishi Corp., produces 3.5 million lbs. of fresh pork daily. The company also produces smoked pork products under the Indiana Kitchen brand and supplies pork to retail and foodservice customers in the United States and 31 foreign countries.