The St Joseph City Council on Monday approved tax incentives and bond financing in hopes of luring a bacon producer to St Joseph.

Officials with the city and the St Joseph Chamber of Commerce say a move here by Daily’s Premium Meats would create more than 200 new jobs with average starting pay of over $32,000 per year.

Council members approved the two resolutions without discussion as part of the council’s consent agenda. The company would qualify for $15 million in financing through Industrial Development Revenue Bonds. The city would also abate the company’s taxes through the St Joseph Enhanced Enterprise Zone Program. The resolution would abate 100% of the company’s taxes for the first five years, and 75% for the next five years.

Daily’s is partly owned by Triumph Foods and Seaboard Corp. The company is considering a production facility at 5501 Stockyards Expressway, across from the Triumph facility here. The company markets bacon primarily to restaurants.