BOARDMAN, OR—ConAgra Foods Inc. is getting help from the state and local governments to fund a previously announced expansion.
The Omaha, Neb.-based food manufacturer said in November that it was poised to begin a $200 million upgrade to its Lamb Weston frozen potato operations in Boardman. At the time, the company said adding a new line to the plant will boost capacity for making French fries and will generate about 100 ConAgra jobs and 200 construction jobs. Oregon, the Port of Morrow, Morrow County and the city of Boardman have joined to provide financial incentives to the project.
On Wednesday, Tim McCabe, director of the state's economic development group Business Oregon, presented ConAgra with a $350,000 check for a forgiveable loan, reports the Portland Business Journal. The money comes from Gov. John Kitzhaber's Strategic Reserve Fund, which helps seed capital expansions, and is contingent on the company creating 100 full-time jobs over a two-year period.
In addition, the city and county extended further incentives in the form of enterprise zone benefits to ConAgra, and the Port of Morrow will deliver infrastructure improvements.
Click Portland Business Journal to read the full story.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
