Indiana’s economy just got good news. The Indiana Economic Development Corporation persuaded John Morrell Food Group to create a new distribution center in Hancock County. In return, Indiana will give the company up to $1.5 million in tax credits. However, the tax credits are conditional on John Morrell’s job creation plan. The new distribution center will improve John Morrell’s supply chain from procurement to fulfilment. It will also bring new Jobs to Indiana.
In addition to tax credits, the Indiana Economic Development Corporation will also invest up to $250,000 in infrastructure assistance to the community. President of Hancock County Council, Bill Bolander, said, “We are thrilled that John Morrell chose the Hancock County, Indiana, site for their refrigerated facility in the Access 70 Business Park. John Morrell is a 180 year old company specializing in meats, including pork, ham, and bacon products. This project became a reality because of the efforts of the board and team of the Hancock County Economic Development Council.”
John Morrell’s facility will cost roughly $43.5 million in building and equipment costs. It will also create around 250 new jobs in the community. The project is expected be completed by the end of 2016. John Morrell currently has 17 distribution centers operating across the country. Indiana is a strategic hub location because of its centrality to the rest of the U.S. The distribution center will benefit both John Morrell and Indiana.
CFO of John Morrell, Scott Saunders, said, “We’re looking forward to beginning operations in our state-of-the-art facility in Hancock County, Indiana, later this year and becoming active in the community. Both John Morrell and our parent company, Smithfield Foods, are strong believers in being good neighbors and giving back to the communities where we live, work, and raise our families.”