Pepperidge Farm's $45 Million Expansion to Add 54 Jobs at Utah Plant
11/10/2011
Based in Norwalk, Connecticut, Pepperidge Farm is a leading provider of premium-quality fresh bakery products, cookies, crackers and frozen foods. This subsidiary of the Campbell Soup Company chose to expand its operations in Richmond to accommodate current and future growth for its Goldfish crackers line.
"Our popular Goldfish products enjoy one of the strongest growth rates in our company, and we expect that success to continue," said Pepperidge Farm President Pat Callaghan. "And after almost 40 years of productive operation at our Richmond Plant, we are very pleased to continue and expand this outstanding partnership with Cache County."
The company had considered expanding production at its three other Goldfish-producing facilities-in Pennsylvania, Florida and Ohio-as well as a Tennessee location for a new "greenfield" build. The existing Utah facility won the business due to its competitive location, highly skilled workforce and operational excellence, according to company officials The state authorized a 10-year, post-performance, single-payer refundable tax credit of $475,032 over the life of the project.
Over that decade, Campbell Soup Company will generate nearly $2.8 million in new state revenue. The 54 jobs created will pay at least 100 percent of the county average wage (required to be considered for an incentive in a rural community), and pay new state wages in excess of $18.9 million.
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