November 23, 2010
3G Processing to utilize state incentive to help fund significant facility renovation, $6 million capital investment
Gov. Nixon announces the creation of 90 local jobs in Mountain Grove at new food-processing company
MOUNTAIN GROVE, Mo. - Governor Jay Nixon was in Mountain Grove today to announce the state of Missouri has awarded $305,907 in Enhanced Enterprise Zone (EEZ) tax credits to 3G Processing to assist the company with a $6 million capital investment that will create 90 new area jobs. The new company, which will process food waste into animal feed, is completely renovating a former steel plant and purchasing new equipment for its local operation facility.
"With 90 local jobs being created, this is great news for the economy of Wright County and the surrounding area," Gov. Nixon said in a news conference at the newly renovated facility. "From day one, my administration's top priority has been creating jobs and getting Missourians back to work. Over the past few months, companies both large and small have announced thousands of new jobs in every corner of Missouri, and we will continue to work tirelessly to create jobs and move our economy forward."
3G Processing is owned by the Grisham family, which also has operated Grisham Farm Products in the Mountain Grove area since 1994. 3G Processing will be taking in more than one million pounds of food waste each day from some of Grisham Farm Products' biggest clients, including Tyson, Con-Agra and General Mills. The company will transport the material to its operation in Mountain Grove, where it will be recycled primarily into chicken feed.
Feed products produced by 3G Processing will be marketed back to food companies across the country. 3G's transport of excess food waste material from the clients of Grisham Farm Products will save the companies the annual cost of transporting the material to landfills. The Governor said the recycling of waste by 3G is also environmentally friendly, keeping the material from otherwise going into landfills.