Plumrose USA Expected to Bring 200 Jobs to Missouri
A new bacon facility will be coming to Moberly, Missouri, and with it the creation of more than 200 new jobs and more than $68 million in capital investment. Community support, strategic location, and Ameren Missouri’s Economic Development Incentive worked in tandem to attract Chicago-based Plumrose USA to Missouri.
The prepared foods and packaged meat company is planning to build a new bacon facility that will produce ready-to-eat, fully cooked bacon in Moberly, Missouri. The decision to locate the facility in Moberly is contingent upon required state and local approvals.
“This project emphasizes our strategic commitment to grow our business, be a stronger partner for our customers and the communities where we operate, and to provide increased opportunities for our team members,” said Tom Lopez, president of Plumrose USA. “We are also excited for the opportunity to partner with the state of Missouri and the community of Moberly.”
"We're thrilled Plumrose USA has committed to expand its operations to Missouri," said Matt Forck, vice president of Community, Economic Development and Energy Solutions at Ameren Missouri. "Every day we work hard to partner with customers, communities, and businesses to support their goals, and growth. Ameren Missouri's Economic Development Incentive, one of the best energy incentive tools in the country, was an important solution to attract this project to Moberly. This announcement sends a positive signal to companies looking to locate or expand in the communities served by Ameren Missouri and shows our state is a great place to do business."
Stemming from Senate Bill 564 – legislation passed in 2018 that updated Missouri’s energy laws – the Smart Energy Plan economic development incentive (EDI) is crafted to encourage investment in the state, adding jobs and spurring economic growth in local communities.
The EDI program is offered to qualifying new and existing businesses seeking to locate or expand in Missouri. Qualifying business customers could receive an average 40 percent discount from base rates over a five-year agreement term.
Lauded as a win-win for businesses and residential customers, Ameren Missouri notes the additional energy requirements will help enhance system efficiencies and distribute the fixed costs of generating and delivering electricity across a broad customer base, thus helping to keep rates lower for all customers. Also, the attraction of new jobs and investment multiplies throughout the region in the form of increased spending in retail establishments, new housing starts, and population growth.
Plumrose USA has more than 85 years of experience in providing delicious, high-quality protein products throughout the United States, which includes premium bacon, sliced deli meat, quality deli counter ham, cooked ribs, and canned ham.
“We are excited to welcome Plumrose USA to Moberly, Missouri,” Gov. Mike Parson said. “The company’s decision to expand in our state is a testament to Missouri’s world-class workforce, strong economy, and business-friendly climate. Plumrose USA is bringing good, high-paying jobs to a rural community, and we look forward to working together as they continue to grow in Missouri.”
Plumrose USA highlighted Moberly’s strategic location, as well as the support from the community and state as key reasons for its decision to expand in the region.
“The City of Moberly is excited to be welcoming Plumrose USA to our community,” said Jerry Jeffrey, mayor of Moberly, “This project represents a significant new employer for Moberly, and we are looking forward to a long-term partnership with them.”
“Like many companies that go through the formal site selection process, Plumrose USA started with a blank slate and evaluated several cities and states throughout the country,” said Subash Alias, CEO of Missouri Partnership. “They went through a very thorough and calculated process led by Austin Consulting to choose Moberly, Missouri. We are so thrilled that they chose us and so honored to partner with our friends at the Moberly Area Economic Development Corporation, Ameren Missouri, Missouri Department of Economic Development, and the Missouri Development Finance Board.”