Home Local News STATE AWARDS $500,000 TO LOPEZ FOODS MEATPACKING PROJECT

STATE AWARDS $500,000 TO LOPEZ FOODS MEATPACKING PROJECT

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The Iowa Economic Development Authority has awarded $500,000 in direct financial assistance to Lopez Foods to expand in Cherokee.

The company headquartered in Oklahoma City will remodel a 285,000-square-foot vacant facility the company purchased, including the installation of manufacturing equipment and computer hardware.

The project, expected to generate more than $29.5 million in new capital investment, will create 386 jobs, with 171 incented at a qualifying hourly wage of $17.40.

Six jobs will be retained at the same wage.

Lopez Foods will produce Canadian-style bacon logs, fresh and frozen beef patties and other new product lines to be sold to an international restaurant chain.