The Fortune 500 company plans to invest $15.6 million to upgrade its manufacturing capabilities at its Rensselaer plant. ConAgra Foods plans to remodel its quality assurance laboratory, redesign its corn, slurry and salt systems and add four microwave popcorn packaging lines.
ConAgra Foods, which currently has more than 200 full-time employees in Indiana, has already begun hiring new production line associates.
"ConAgra Foods and the Rensselaer facility are excited to continue the enduring partnership between Orville Redenbacher popcorn and the state of Indiana," said Ken Dobin, manager of the Rensselaer plant. "Rensselaer's centralized location and quality workforce, along with the state's current business climate and economic development record, provide a fantastic opportunity for ConAgra Foods, the state of Indiana and the Rensselaer community."
The Indiana Economic Development Corporation offered ConAgra Foods, Inc. up to $175,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Rensselaer approved additional property tax abatement at the request of the Jasper County Economic Development Organization.
ConAgra Foods' expansion comes on the heels of the IEDC's recent announcement that it secured job commitments from 219 companies from across the country and around the world in 2011. Non-automotive manufacturing represented the largest sector for new job commitments last year with 5,223 new jobs projected.
About ConAgra Foods
ConAgra Foods, Inc., (NYSE: CAG), is one of North America's leading food companies, with brands in 97 percent of America's households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at http://www.conagrafoods.com/
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