Tennessee has been home-sweet-home to well-known names like Johnny Cash, Taylor Swift, and Elvis Presley. The country music capital of the world is not only home-base to music legends, it is also home to a fifth Tyson Foods facility. With renown for its meats rather than its music, Tyson has agreed to nest its new $300 million chicken production complex in the city of Humboldt, Tennessee, where the facility is set to create more than 1,500 local jobs once it begins operations in late 2019.
“Our company has been successfully producing chicken in Tennessee for more than 45 years, so we’re pleased to expand our presence in the state with this major investment,” said Doug Ramsey, Group President of Poultry, in a recent press release. “We’re grateful for the invitation to become part of Humboldt and Gibson County. The location is attractive to us because of the strong support we’ve received from state and local leaders, the existing industrial park and availability of labor, as well as access to feed grains produced in the region.”
Tyson has a long-standing relationship with Tennessee locals, as this complex is the company’s fifth location within the state boundaries and second major economic development project in the 16th state this year. News of this new complex follows that of the company’s $84 million expansion of its Union City operations, which will create about 300 jobs in that community. With so many locations, the company’s 5,000 employees’ annual payroll is more than $181 million, and its farmers received more than $61 million. Monetary impacts in the state of Tennessee, including payroll, grain purchases, utilities, property taxes, and charitable contributions, climb higher than $313 million. With such a powerful presence in the state, Tyson’s growth into its new facility establishes Tennessee as a top job location in the Southeast, expressed Governor Bill Haslam in the press release.
“Many years of dedicated work from countless Gibson County citizens and volunteers have laid the foundation for the arrival of this day,” said Tom Witherspoon, Gibson County Mayor. “There is not a doubt in my mind that Tyson Foods’ tremendous job creation and capital investment will have a long lasting, positive impact in Gibson County that will ring in a new era of economic growth bringing opportunity for all of our citizens.”
The project itself will produce pre-packaged trays of fresh chicken for retail grocery stores throughout the nation, processing 1.25 million birds per week from its processing plant, hatchery, feed mill, and related operations. Therefore, this new project's payroll, payments to farmers for the new operation, purchases of grains and utilities is expected to generate an annual $150 million for the state.
While news of the company’s growth within Tennessee sparks excitement in locals, they aren’t the only ones celebrating. The company itself is welcoming a new Board Member to its team. Hailing from X, an Alphabet Inc. company, Tyson’s new board member Dean Banks joined November 15th and will serve on the Governance and Nominating Committee and Strategy and Acquisitions Committee.
“Our board’s nominating committee recommended Dean because of his unique background in innovation and technology, as well as his experience in developing and investing in start-up companies,” said John Tyson, Chairman of the Board of Directors, in a separate press release. “We believe his experience will support our efforts to better understand and capitalize on the role of technology in the improvement and growth of our company.”
With a bachelor of arts degree in marketing and public relations from Miami University, Banks’s career experiences traversed other industry positions, including project lead and leadership team member for X, board member at Vergent Bioscience, managing partner of SEED ventures, consultant to Cleveland Clinic Innovations, CEO of Occelerator, SVP of Business Development and Strategic Marketing at OrthoHelix, Co-Founder and CEO of Connective Orthopaedics, and Vice President at Highland Capital Partners. His career in the industry is long-lasting and expansive, but he can also trace his roots to the U.S. Marine Corps, where he served as a platoon sergeant and squad leader.
With Banks on board to help Tyson’s growth continue to excel, the new complex is off on the right foot. How will the company leverage its continued influence in Tennessee and the industry? Deli Market News will continue to keep you up-to-date with the latest!