- Associated Press - Thursday, August 18, 2016

DES MOINES, Iowa (AP) - A state board has approved $11.5 million in incentives for a North Carolina company that plans to build a $240 million pork plant in northern Iowa’s Wright County.

The Des Moines Register reports (https://dmreg.co/2bFC43t ) the Iowa Economic Development Board on Thursday approved the incentives for Prestage Farms to build the plant near Eagle Grove.

Wright County officials are considering giving the company $8 million in local tax breaks.

To get the state aid, Prestage promised to create at least 922 full-time jobs, of which 322 must pay at least $15.54 an hour.

Prestage opted for Eagle Grove after the plant was rejected in Mason City, about 50 miles northeast.

The company is based in Clinton, North Carolina.


Information from: The Des Moines Register, https://www.desmoinesregister.com

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