Iowa Premium Beef in Tama to reopen after tax credits, 600 jobs - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa Premium Beef in Tama to reopen after tax credits, 600 jobs

Posted: Updated:
TAMA (AP) -

State officials have approved tax credits for developers to reopen a long-closed meatpacking plant in Tama that would eventually employ about 600 workers.

The Iowa Economic Development Authority Board approved $4 million in tax credits to Iowa Premium Beef on Friday.

To receive the incentives, the company must create the jobs and offer a wage of $15.42 an hour to 120 employees.

The Des Moines Register reports the facility, which was shuttered in 2000, will help process Black Angus beef for food service, retail and international customers. Production is expected to begin in the fall.

The company behind the proposed $48 million project is made up of a group of investors.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly