Meat company plans New Mexico expansion, adds 1,295 jobs
Photo: MGN Image
July 13, 2018 11:26 AM
SUNLAND PARK, N.M. - An Illinois meat company is expanding to New Mexico, bringing with it nearly 1,300 new jobs.
Stampede Meat plans to invest $36 million renovating the former Tyson plant in Sunland Park. 1,295 new food processing and manufacturing jobs will be created over the next five years.
The company processes and distributes portioned meat for restaurants, retail, home delivery and other channels.
"This is great news for New Mexico and another example of what's possible when businesses know they're welcome here," said Economic Development Secretary Matt Geisel. "The Governor’s critical reforms and steadfast commitment to economic development are showing companies from around the country and the world that New Mexico is open for business."
The expansion was made possible through funds in the Local Economic Development Act, or LEDA. The closing fund is used as a tool to help recruit new businesses to New Mexico and help existing businesses grow and thrive.
"We are very pleased to invest in Sunland Park and are grateful to the Governor as well as the state, county and local officials who have helped us," said Brock Furlong, CEO of Stampede Meat. "We look forward to expanding our workforce to continue to provide quality products for our customers.”
New Mexico beat out Oklahoma, Texas, and Iowa for the competitive expansion.
Stampede's headquarters is in Bridgeview, Illinois and was founded in 1995.
Updated: July 13, 2018 11:26 AM
Created: July 13, 2018 11:22 AM
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