Ground-breaking is set for next spring on the $250 million project to construct the Prestage Foods Pork Processing Plant, with targeted completion in the fall of 2018. The plant will employ about a thousand workers. Although there has been opposition to the idea, which eventually moved the plant construction from Mason City to Eagle Grove, the facility has seen approval for funding of road improvements and construction.
The Iowa Transportation Commission approved funding Tuesday to help improve the roadway into the new Prestage pork plant under construction in Wright County near Eagle Grove. The director of the office of systems planning at the D-O-T, Craig Markley, says commissioners approve what are called RISE funds for the project.
The funding it tied to the new jobs the plant will create.
The plant will have around 925 jobs in its first shift. He says creating a certain number of jobs is part of the requirement for these type of funds.
The money is also contingent on the company spending nearly 264 million dollars on the pork slaughter and fabrication plant that will produce fresh and frozen products. Markley says there are other road improvements planned for Highway 17 that are part of the normal highway fund budget.
Ground-breaking for the new plant is set for next spring, with targeted completion in the fall of 2018.
However, Eagle Grove is not the only location where pork processing plants are being constructed or expanded in Iowa. Developers of a pork processing plant under construction in Sioux City have announced plans for a second shift expected to increase its number of jobs to around 2,000 — nearly double the original estimate.
The Sioux City Journal reports that the expansion will raise the cost of the Seaboard Triumph Foods project by $31.4 million, to just over $300 million.
To help finance the larger investment, the company is asking the state for an additional $3.3 million in tax incentives.
The 600,000 square-foot plant will have the capacity to slaughter 10,000 to 12,000 hogs per day. It’s expected to open July 31 with a single shift of around 1,100 employees.