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Current Position:Home » News » Agri & Animal Products » Meat & Seafood » Topic

Companies awarded tax credits for expansions

Zoom in font  Zoom out font Published: 2014-04-02  Views: 8
Core Tip: 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, 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.

 
 
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