DES MOINES, Iowa-Hormel Foods subsidiary Burke Marketing Corp., based out of Nevada, Iowa, recently announced to the Iowa Economic Development Authority Board that it would nearly double the size of its plant and create around 210 new jobs. Fifty-two of the 210 jobs are incented at a qualifying hourly wage of $24.95.
Burke Marketing Corp. manufactures meat crumbles, meatballs, pepperoni and diced meats at the Iowa plant.
Hormel stated that it would add 200,000-sq.-ft. to its existing 225,000-sq.-ft. facility. The capital investment for the new project is a proposed $150 million.
The Des Moines Register also reported that Hormel Foods was given $10.5 million in incentives. Investment tax credits accounted for $7.5 million, tax refunds accounted for $3 million and $12,000 went toward research activities tax credits.