Media Center

Tyson Foods' $5 million investment at Monroe facility could bring more jobs

10 February 2016

By Ken Elkins, The Charlotte Business Journal

Tyson Foods Inc. will spend $5 million to add new equipment at its Monroe complex, a project that could include the addition of about 50 jobs.

The company picked that plant for the new equipment after considering one of its Midwest facilities for the added investment.

In exchange for the investment, the Union County Board of Commissioners and the Monroe City Council are offering Tyson Foods (NYSE:TSN) a total of $225,000 in incentives.

We first learned of the potential equipment expansion in December when the local governments voted to grant the incentives if Tyson picked the local plant.

Jonathan Edwards, manager of the Monroe plant, says the “strong support the community has shown toward the project” encouraged Tyson Foods to choose this location.

“Our commitment to Tyson Foods’ success and growth in Union County has resulted in yet another expansion at their Monroe facility,” says Stony Rushing, chairman of the Union County commissioners.

Last month, Hillshire Brands, a subsidiary of Tyson Foods, said it would add 98 jobs and spend $28.4 million to upgrade its Tarboro plant.

Based in Springdale, Ark., Tyson Foods has 113,000 employees in 400 plants and offices around the world.

For full article, click here



Back Add to Prospectus