Peer Foods Group Invests $5.5 Million In Cumberland, Indiana Processing Facility
The Chicago, Illinois-headquartered company will purchase and equip a 33,000 square-foot plant in Cumberland. The new facility, which is expected to be operational this summer, will provide additional capacity for its fully cooked gourmet sausage and hot dog production lines. Peer Foods, which currently has more than 240 full-time employees at its two Indiana locations, has already begun hiring additional manufacturing, production, packaging and support associates in Cumberland.
Founded in 1867, Peer Foods specializes in cooking, smoking and roasting pork, beef, chicken and turkey for distribution. The company operates a distribution facility in Indianapolis and production facility in Columbus. “The state of Indiana has fostered a good business climate with a hard working and dedicated work force,” said Larry O’Connell, president of Peer Foods. “We look forward to the continued success here as we continue to grow and provide the best products for our customers.”
“As we are seeing time and time again, companies are choosing to grow in the Hoosier State thanks to our low-cost of doing business and talented workforce,” said Governor Mike Pence. “We are proud that Peer Foods has selected Indiana for its new investment and we will continue to work hard to create an environment that allows its business to thrive.”
The Indiana Economic Development Corporation offered Peer Foods Group, Inc. up to $400,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, Hancock County approved additional property tax abatement at the request of the Hancock County Economic Development Council.
“We are pleased and excited to have Peer Foods as a member of our community,” said Joe Siefker, vice president of the Cumberland Town Council and member of the Hancock County Economic Development Council. “The jobs they will provide and the revenue they will generate for the local community and the utilities is the culmination of the work we on the Cumberland Town Council and the Hancock Economic Development Council do to make Hancock County a great place to live and work.”
RespirTek Consulting Laboratory Builds Headquarters & Research Hub in Jackson County, Mississippi
How are Uncertain Times Altering Company Location Strategies?
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Site Selection 2020: The Importance of “Regional Depth” with Global Reach