The state of Utah on Thursday approved an incentive of as much as $1.8 million for JBS USA Holdings, which operates a meat packing and processing facility in Hyrum.
The incentive, payable over 10 years in the form of a rebate of corporate income taxes, is based on the company’s plans to invest more than $30 million in the development of a new and expanded meat packing and processing facility in Cache County. The offer was approved on Thursday by the Governor’s Office of Economic Development Board, which reviews applications for incentive money.
In its application for state money, the company said it plans to add 420 new full-time workers within the next five years at an average pay of $28,500 including benefits. Company officials say about 1,000 people already are employed in Hyrum.
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