John Hofmeister & Son, Inc., a family-owned Chicago, Illinois
, meat products company, will undergo a $9.6 million expansion in the Windy City.
Hof Haus’ expansion involves a new slicing and packaging operation that will create 25 new union jobs. The move will allow the company to increase its overall sales to grocery companies such as CKF Foods, American Chef, Meijer, Albertson’s and Charlie’s Pride, and will help the firm expand its school lunch program sales. Greater emphasis is also being placed on Latino markets served locally by Amigo Foods and El Super, and on sales to Puerto Rico.
According to Gov. Pat Quinn’s Office the project will be supported by a $2 million loan from the Illinois Department of Commerce and Economic Opportunity
“Small businesses are the backbone of the Illinois economy, and programs like this help small businesses thrive,” Governor Quinn said. "By increasing access to capital, we are making it easier for companies like Hof Haus to grow and create more jobs in Illinois.”
The $2 million Advantage Illinois loan administered by DCEO is part of a $9 million financing package led by Village Bank & Trust of Arlington Heights, the Governor’s Office said. The money will allow the company to pay off old debt, acquire new equipment and hire employees.
“We are proud and thankful to work together with Governor Quinn as well as Village Bank & Trust to keep small family-owned businesses in Chicago alive,” said Matt Hofmeister, the company’s CEO. “Not only will Hof Haus continue to bring jobs to the West Side, it will attract more consumers to our community where they will support the local economy.”
“Advantage Illinois is a shot in the arm to our small businesses,” DCEO Director Adam Pollet said. “Enhancing business access to capital is a top priority for Illinois. It gets entrepreneurs and small businesses starting up or expanding and creating quality jobs at a faster rate.”