Cloverleaf Cold Storage Company will open a $30 million, 235,000-square-foot, refrigerated warehouse and distribution center in Monmouth, Illinois
, with plans to create create 155 full-time jobs.
The facility will serve the Smithfield Farmland Corporation, which has an adjacent site in Monmouth. The refrigerated warehouse and distribution center is the first Illinois site for Cloverleaf, which has 15 locations around the country.
A family-owned company that dates from 1934, Cloverleaf provides public and contract storage for the meat processing
and packaging industries. Cloverleaf hopes to expand the new facility to 315,000 square feet within three to five years and increase employment by another 50 jobs.
“Cloverleaf’s investment in this new facility highlights not only the strategic location that Illinois occupies in the food distribution network, it emphasizes our faith that we will be able to hire and retain a highly-skilled and technically proficient workforce
,” Cloverleaf spokesman Adam Feiges said.
“This new facility will create more than 150 good jobs and help Cloverleaf and Smithfield Farmland grow together in western Illinois,” Governor Pat Quinn
said. “The cooperative effort between state agencies and local officials to build this remarkable facility shows that even in our Prairie State, we’ll move mountains when it comes to creating jobs.”
“There has been great cooperation between private enterprise and state and local governments, including the necessary capital investments, infrastructure work and incentives, to help make this project a reality,” Monmouth Mayor Rod Davies said.
Cloverleaf will receive an assistance package with an estimated value of $6 million. The city of Monmouth and government agencies in Warren County have authorized incentives totaling $3.4 million for the project, most of it in the form of 10-year abatement on property taxes.
Programs from the Illinois Department of Commerce and Economic Opportunity will provide the company an estimated $1.2 million in benefits, including an investment tax credit and a sales tax exemption for being in an enterprise zone
. The DCEO package includes a $325,000 grant to the city for infrastructure work associated with the plant. The Illinois Department of Transportation committed to approximately $1.5 million in road improvements, much of it for widening U.S. Route 67 and a new access road to accommodate truck traffic. DCEO’s agreement with Cloverleaf requires the company to repay a portion of the grant if it fails to hit its target of 155 new jobs by the end of 2015.