Cargill Expands Cumberland County, North Carolina, Soybean Oil Plant
04/13/2021
Headquartered in Minneapolis, Minnesota, the soybean oil manufacturing business has been on River Road outside Fayetteville since 1970.
“Our plant in Cumberland County is an important link in the supply chain for North Carolina farmers and livestock producers, and these investments will help us serve customers more efficiently,” said Don Camden, vice president, Cargill Agricultural Supply Chain North America. “Cargill is committed to nourishing the world in a safe, responsible, sustainable way. We are part of the community and are proud to provide significant support for a number of organizations in the area funding nutrition and education programming projects, as well as COVID-19 relief.”
The 6-year performance-based incentive grant will provide Cargill $600,000 to support their operations. The project, set to begin before the end of 2021, will generate tax revenue and increased economic activity which will offset the incentive. Additionally, this investment will help maintain the 70 jobs currently at the site, which have average salaries of $70,000 a year, well above Cumberland County’s average wage.
“While we are always excited to bring new companies to our community, our top goal is to help existing businesses grow and flourish,” added Fayetteville Cumberland County EDC Chairman Andrew Pennink. “We are grateful for Cargill’s continued commitment to our community, and we look forward to celebrating more economic wins in 2021.”
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024