Chobani Yogurt’s $100 Million Expansion Sparks Economic Development In Southern Idaho
According to the SIEDO, “Chobani’s success has served as a draw for other manufacturing companies like Fabri-Kal, which recently invested $50 million in a new 100,000-square-foot facility, to provide yogurt cups to Chobani, in Burley, Idaho. Additionally, Clif Bar & Company will open its first 275,000-square-foot Clif Bar Baking Company in Twin Falls this summer, a $90 million investment.”
These three businesses have created nearly 6,000 direct and indirect jobs and have an annual $1.8 billion economic impact on the Southern Idaho region, SIEDO officials said.
“Chobani is such a success story because it shows companies that Southern Idaho is a great place to invest and grow their business,” said Jeff Hough, Executive Director at Southern Idaho Economic Development Organization. “Because of Chobani’s growth, other companies are relocating and choosing Southern Idaho as their new home.”
Chobani’s expansion in production lines and product development brings its total investment in Twin Falls to nearly $750 million and its total employment will be over 1,000.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A