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New firm could bring 200 jobs; City Council to consider bonds and tax abatement Monday

Daily's Premium Meats logoThe St Joseph City Council will consider a pair of resolutions Monday night in an effort to lure a bacon producer that could bring more than 200 new full-time jobs in St Joe.

The city is among a handful being considered by Daily’s Premium Meats, a company owned in part by Triumph Foods.

Daily’s is also partially owned by Seaboard Corp. The firm is considering a production facility at 5501 Stockyards Expressway across from Triumph.

On Monday night, council members will consider issuing $15 million in Industrial Development Revenue Bonds to finance the project, and in another resolution will consider approving a tax abatement for the company through the St Joseph Enhanced Enterprise Zone Program. That resolution would abate 100% of the company’s taxes for the first five years, and 75% for the next five years.

The company markets bacon primarily to restaurants.

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