Tyson Foods invests $23.5M in Henderson County facility expansion

Tyson Foods invests $23.5M in Henderson County facility expansion

Economics
Webp 1wfv8pvv2ivkypez3p9ne67rvi08
Christopher Snyder Director Research and Strategy Division | Kentucky Cabinet For Economic Development

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Tyson Foods is set to invest nearly $23.5 million in its Henderson County facility, a move that will support the retention of over 1,100 jobs. Governor Andy Beshear highlighted this development as part of Kentucky's growing food and beverage manufacturing sector.

"Tyson Foods has successfully done business in Kentucky for over 30 years and is positioned for even more growth in the future with this expansion and modernization," said Gov. Beshear. "I want to congratulate the company’s leaders on this progress and thank them for their longstanding commitment to the commonwealth."

The investment will see Tyson Foods expand and modernize its Robards facility to meet increased market demand for protein. This project will include new equipment and upgrades, with work expected to start this year and conclude by spring 2026.

Founded in 1935, Tyson Foods Inc. is one of the largest food companies globally, recognized as a leader in protein production. Headquartered in Springdale, Arkansas, the company employs around 138,000 people worldwide.

Commissioner of Agriculture Jonathan Shell noted the importance of Tyson's investment: "Kentucky’s food and agriculture sector continues to thrive, and Tyson Foods’ investment is another clear sign of that strength."

Henderson County Judge/Executive Brad Schneider commented on Tyson's impact on the community: "This investment by Tyson in its facility here is truly satisfying because it indicates Tyson leadership has confidence in our community."

Governor Beshear has announced nearly 1,200 private-sector projects since taking office, totaling approximately $36 billion in investments and creating close to 62,000 jobs. This period marks significant economic growth for Kentucky.

In support of Tyson Foods' investment, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved an incentive agreement under the Kentucky Reinvestment Act program. The agreement offers up to $3 million in tax incentives based on job retention rates at their Henderson County facility.

Tyson Foods can also access resources from Kentucky’s workforce service providers, including recruitment services and customized training programs.

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS