Butterball Expands in Montgomery21 June 2013
US - US meat processor Butterball is to expand its plant in Montgomery, Illinois.
The expansion is reported to be part of a $24 million investment at the Gusto Packing company site and will increase employment by 15 per cnet.
Gusto Packing Company currently employs approximately 500 people and was acquired by Butterball, in December 2012.
“This is an extremely exciting project for the Village of Montgomery,” said Montgomery Village President Matt Brolley.
“This project and the jobs it creates are a direct result of a cooperative effort between the Village of Montgomery, the MEDC and the State of Illinois.
“Montgomery has a very strong manufacturing core, houses a strong workforce and boasts premier access to various modes of transportation. I believe that this project will serve as a catalyst for industrial growth that will launch a new era of business in our community,” Mr Brolley said.
“On behalf of the Village Board and community, I want to thank Butterball, LLC for the confidence that they have shown in our community. We are thrilled that they have chosen to make this investment in Montgomery.”
The Village has approved a 10 year, $1.5 million low interest loan to the company from the Village's Revolving Fund. The loan will be used to purchase necessary equipment to expand its operations at the Montgomery plant, located at 2125 Rochester Road.
The Revolving Fund was established more than 25 years ago with federal grant funds awarded to the Village by the Department of Housing and Urban Development. The funds are used by the Village to provide financial assistance to new or expanding businesses in support of projects that create and retain jobs. Additional Revolving Fund information can be found on the Village’s website.
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