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VOL. 133 | NO. 100 | Friday, May 18, 2018

Tennessee OKs $20M in Incentives for Tyson Foods Facility

The Associated Press

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NASHVILLE, Tenn. (AP)Tyson Foods Inc. will receive a state economic incentives package worth $20 million to build a new chicken production complex in Tennessee, a project that's expected to include $322 million in private investment and 1,600 new jobs within five years.

The State Funding Board approved the money Wednesday for the new plant in Humboldt, about 85 miles (140 kilometers) northeast of Memphis. It will produce pre-packaged trays of fresh chicken for retail grocery stores nationwide.

State economic development chief Bob Rolfe says the total includes $14 million for water, sewer and electrical improvements and $6 million for new construction.

The facility is expected to begin operations in late 2019.

Rolfe says Springdale, Arkansas-based Tyson currently operates four facilities in Tennessee, employing about 5,000.

The company announced the new project in November.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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