Officials announced one of the world’s largest food companies is coming to Eagle Mountain and creating at least 800 new jobs by building a food production plant.
Tyson Foods, Inc. plans to invest nearly $300 million to construct Tyson Fresh Meats beef and pork production plant, according to a press release from Eagle Mountain officials.
The facility will become a meat-cutting and packaging operation that takes fresh beef and pork shipped from outside the state and creates steaks, chops, roasts and ground beef. The meats will then be weighed, labeled and shipped to retailers at grocery store meat cases.
The project, formally known as “Project Mockingbird,” will receive up to $12.3 million in tax cuts from the Alpine School District. The Alpine School District Board of Education voted on the tax cut Tuesday.
“We welcome Tyson Fresh Meats to Eagle Mountain,” said Mayor Tom Westmoreland in the press release. “This facility will provide jobs for our community, allowing people to work closer to home. It will also bring needed infrastructure, especially roads that will provide better east/west connection to the Cedar Valley. Tyson Foods is the second Fortune 100 company to invest in our city and we look forward to a great community partnership.”
The facility could open as soon as 2021 and will be located in the Pole Canyon development area near southwest Eagle Mountain.
Tyson Foods also operates similar plants in Iowa, Tennessee and Texas, where hourly employees make around $14.40 to $16.50 per hour along with health care benefits and 401(k).
Other positions start at $20 per hour and annual local payroll is projected at $44 million, the release stated.
The Utah Governor’s Office of Economic Development announced the project would be locating to Utah and add an estimated $27 million in new state tax revenue during the next 10 years.
The project is anticipated to have more than a $1 billion economic impact due to the construction of the building, salaries, taxable sales and other investments.
The facility may also earn up to 20 percent of new state taxes that will be paid over the 10-year agreement post-performance Economic Development Finance tax credit rebate.
Eagle Mountain city and Alpine School District leaders approved a Community Reinvestment Project Area for the company, and the remaining taxing entities will be considered for approval at upcoming meetings, according to the press release.
“We’re grateful for the invitation to come to Eagle Mountain and Utah County,” said Nate Hodne, senior vice president and general manager of case ready meats for Tyson Fresh Meats. “We’ve built some great relationships during the initial phases of this process, and we appreciate the strong support we’ve received from local leadership. Our team is excited to find upcoming opportunities to meet the people of Eagle Mountain and become a part of this vibrant community.”