Fair Oaks Foods Plans Davenport, Iowa, Production Facility
06/29/2022
Pending state and local project approvals the facility will be an expansion of the company’s current capabilities and produce fully-cooked bacon. Construction is anticipated to begin this summer on a 32-acre site near Interstate 80. Operations are planned for early 2024.
“I am extremely excited to expand our business to the great city of Davenport. We look forward to a long-standing relationship with the QC community, the City and the State of Iowa. My dream is to build a long-standing ‘Legacy’ family business. The opportunity that the city has extended to us is the right fit, at the right time, for Fair Oaks Foods. It will be a great opportunity for our people to live and thrive in this region. We look forward to providing new jobs and opportunities for the community. Davenport is a great place for families, and I am proud to add the Fair Oaks Foods family to the state of Iowa,” said Michael L. Thompson, CEO & President of Fair Oaks Foods.
The Davenport City Council is expected to vote on a resolution of support and financial commitment. If approved, the City would provide a 60% Tax Increment Finance (TIF) rebate to the company for 15 years, minus $1.1 million for the upfront cost of a pretreatment facility.
Fair Oaks Foods has also applied for a $3.4 million sales tax refund on construction materials from the Iowa Economic Development Authority (IEDA). The City plans to apply for a Revitalizing Iowa’s Sound Economy (RISE) grant to assist with road improvements near the facility.
“Fair Oaks Foods prides itself on the relationships that it holds. We continue to build our Legacy through strategic partnerships that share our values of trust and integrity. This was one of the main pillars when we chose The Austin Company to guide us in our search for a location to support our growth. The search started with over 177 sites in the Midwest and ended in Davenport. This is a community that mirrors our values and work ethic, and we are excited to make Davenport home to our future growth,” said Joseph M. Freda, COO of Fair Oaks Foods.
Fair Oaks Foods, headquartered in Pleasant Prairie, Wisconsin, is a family-owned meat processing company and the 11th largest Black-owned business in the U.S. Founded in 1985, it produces and supplies a variety of protein products, including bacon, meatballs, pork and turkey sausage to food service, national grocery stores and quick-serve restaurants globally.
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024