Source: Tom Johnston, MEATINGPLACE, 8/19/16


The Iowa Economic Development Authority (IEDC) has voted to approve $11.5 million in state incentives for Prestage Farms to build a proposed $240 million pork plant in Wright County, the IEDC confirmed to Meatingplace.

Prestage must create at least 922 full-time jobs, of which 322 must pay a minimum of $15.54 per hour, in order to qualify for the package, according to the IEDC project summary.

The award is subject to approval by the county.

Wright County, meanwhile, is mulling the approval of $8 million more for Prestage in local tax breaks, which amounts to some 30 percent of the company’s $2.7 million annual property tax bill, according to a report by the Des Moines Register.

Prestage officials weren't immediately available for comment.

The North Carolina-based company has turkey and hog operations in North Carolina, South Carolina, Mississippi, Texas, Oklahoma and Iowa.

Prestage is proposing to build a 675,000-square foot pork slaughter plant in Wright County, Iowa.

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