Tyson Foods is mulling over a potential $5 million expansion to its chicken processing plant in Monroe, North Carolina.
The Charlotte Observer reports that the Union County and Monroe are offering a combined $225,000 in incentives to help kick-start the project.
Tyson Foods is requiring incentives as part of its decision on where to locate the expansion, Ron Mahle, Assistant Director of Monroe-Union County Economic Development, told commissioners, according to the Charlotte Observer.
If the company moves forward with the expansion, the project would add approximately 50 jobs to the plant. Currently, the facility employs more than 1,500 workers.
Mahle said that he hopes to hear Tyson’s decision by the end of the month.
“We’re very optimistic,” he said. “Their manufacturing facility here has performed very well, and that goes a long way with the decision makers in Arkansas.”
Tyson is also considering using the money to invest in new equipment, which would go towards increasing efficiency and pounds of chicken packed per shift for its tray pack distribution.
Stay tuned to DeliMarket News as we continue to follow this developing story.