Canada-based Saputo Dairy USA Expands Las Cruces, New Mexico, Manufacturing Center
To support the company's growth, the State of New Mexico has committed $2.5 million from the LEDA job creators fund, including a $1 million bonus for developing the project in an Opportunity Zone, and the City of Las Cruces pledged $300,000. In addition, the Las Cruces City Council will also consider an Industrial Revenue Bond. The expansion is expected to have a total positive economic impact to the state of $1.6 billion over the next decade.
“Southern New Mexico is expanding its manufacturing footprint quickly. The expansion of Saputo Dairy USA's facility will create the jobs we need to diversify our economy and get people back to work as we recover from this pandemic,” Secretary Alicia J. Keyes said.
The company has also qualified for a state Job Training Incentive Program (JTIP) Grant and the City of Las Cruces Wage Plus Program, an incentive program for hiring and paying employees above the median wage.
“MVEDA is excited that Saputo Dairy USA has chosen the Las Cruces Innovation and Industrial Park for this project. Our collaborative, proactive response with our economic development partners at the state and city highlighted a joint effort to secure this project and further establish the industrial park as the location of choice for growth in the Southwestern United States,” The Mesilla Valley Economic Development Alliance (MVDA) President & CEO Davin Lopez said.
Saputo Dairy USA is part of Saputo Inc., one of the world's top 10 dairy processors, founded in Montreal in 1954. Saputo Inc. has operations in Canada, the United States, Australia, Argentina, and the United Kingdom, with products sold in over 50 countries. Saputo Inc. shares are publicly traded on the Toronto Stock Exchange under the symbol SAP.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans
Latest Trends in the Industrial Real Estate Sector Here to Stay
Auto Industry Is Betting on Sustainability
2021 Auto/Aero Site Guide