Smithfield Foods Plans $85-Million Expansion in Kinston, NC | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

The upgrade at the Smithfield Packing Co. facility will create 330 new jobs.


https://businessfacilities.com/2011/11/smithfield-foods-plans-85-million-expansion-in-kinston-nc/
The upgrade at the Smithfield Packing Co. facility will create 330 new jobs.
Facebooktwitterredditpinterestlinkedintumblrmail

Smithfield Foods Plans $85-Million Expansion in Kinston, NC

Smithfield Foods Plans $85-Million Expansion in Kinston, NC | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

Smithfield Foods Inc., one of the largest private employers in eastern North Carolina, will be adding a new product line of packaged meats as part of its expansion of a Smithfield Packing Co. facility in Kinston. The expansion will create 330 new jobs with an investment of $85.5 million over the next three years, according to a statement from Gov. Beverly Perdue’s office.

The governor has awarded a $700,000 grant from the One North Carolina Fund to Smithfield Packing Co. to help finance the expansion. The grant must also be matched by a local government to qualify, and according to a report in the Kinston Free Press newspaper, the Lenoir County Board of Commissioners unanimously approved an economic development incentives package for Smithfield Foods at a special meeting on Nov. 9. Details of the county’s incentive package were not available.

Annual salaries for the new Smithfield Foods jobs created will average $27,644 plus benefits, which is below the Lenoir County average annual wage of $29,276.

Smithfield Packing Co., which is a subsidiary of Smithfield Foods, operates the existing Kinston facility. Its primary lines of business include production of fresh pork, smoked meats, bacon, cooked hams, and hot dogs for retail, food-service and deli channels. In addition to the Smithfield brand, its other food brands include Gwaltney, Esskay and Cumberland Gap. Smithfield Packaging exports products to about 30 countries.

 

Suggested Links:

  • Wright-Mix Investing $8.5M, Creating 130 Jobs In Kentucky The family-owned toll blending and materials development company will make cement-based products, gunite, shotcrete, non-shrink grouts and more at its new operation in Wurtland, KY.
  • Def-Con Zero We just got word the Pentagon is addressing a major new threat to U.S. national security—wind-energy farms. That’s right, those bucolic turbines popping up across the rolling hills and […]
  • Iowa Incentives Support Over $53M In Capital Investments The Iowa Economic Development Authority (IEDA) board has awarded direct financial assistance and tax benefits to six companies for job creation and expansion projects.
SHARE
Facebooktwitterredditpinterestlinkedintumblrmail

Previous articleJefferson County, AL Files Largest U.S. Municipal Bankruptcy
Next articleExegistics Puts Facility in Jennings County, Adds 315 Jobs
Business Facilities is a leading full-service media brand specializing in the site selection marketplace. Through a bi-monthly magazine, e-mail newsletters, a news portal, and its LiveXchange event, Business Facilities has created a dynamic community for C-level executives and economic development organizations.