DES MOINES, Iowa (AP) — A state board has approved $11.5 million in incentives for a North Carolina company that plans to build a $240 million pork plant in northern Iowa’s Wright County.
The Des Moines Register reports the Iowa Economic Development Board on Thursday approved the incentives for Prestage Farms to build the plant near Eagle Grove.
Wright County officials are considering giving the company $8 million in local tax breaks.
To get the state aid, Prestage promised to create at least 922 full-time jobs, of which 322 must pay at least $15.54 an hour.
Prestage opted for Eagle Grove after the plant was rejected in Mason City, about 50 miles northeast.
The company is based in Clinton, North Carolina.