Vincennes, IN: Huntingburg-based Farbest Foods Inc. will locate a new turkey processing plant in Knox County, creating up to 600 jobs over the next several years. The company plans to invest nearly $70 million to build the plant in Vincennes, which should open in January 2014. Farbest had considered several other locations in Indiana, Illinois and Kentucky.
The company currently employs about 850 people at plants in Huntingburg and Dubois. The company has already begun hiring engineering, administrative and maintenance associates for the new Vincennes plant and plans to begin hiring manufacturing associates in 2013.
FairWinds Advisors was able to negotiate and procure incentives for the Farbest Project. The Indiana Economic Development Corporation offered Farbest Foods, Inc. up to $2.8 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. Knox County has approved additional tax abatement at the request of the Knox County Development Corporation.