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[IEDC] Food Distributor Locating New Facility in Hancock County
Start Date: 3/13/2013 All Day
End Date: 3/13/2013
Entry Description

CUMBERLAND, Ind. (March 13, 2013) – Peer Foods Group, Inc., a producer and distributor of major meats, announced plans today to locate a new production facility here, creating up to 80 new jobs by 2014.

The Chicago, Ill.-headquartered company will invest $5.5 million to purchase and equip a 33,000 square-foot plant in Cumberland. The new facility, which is expected to be operational this summer, will provide additional capacity for its fully cooked gourmet sausage and hot dog production lines.

“As we are seeing time and time again, companies are choosing to grow in the Hoosier State thanks to our low-cost of doing business and talented workforce,” said Governor Mike Pence. “We are proud that Peer Foods has selected Indiana for its new investment and we will continue to work hard to create an environment that allows its business to thrive.”

Founded in 1867, Peer Foods specializes in cooking, smoking and roasting pork, beef, chicken and turkey for distribution. The company, which operates a distribution facility in Indianapolis and production facility in Columbus, has a customer base that includes Honeybaked Ham, Heavenly Ham, Friendly’s Restaurants, Moe’s Restaurants, Aidells Sausage Company, Market Day, Sysco, Reinhart Foodservice, US Foodservice and Wal-Mart Stores.

“The state of Indiana has fostered a good business climate with a hard working and dedicated work force,” said Larry O’Connell, president of Peer Foods. “We look forward to the continued success here as we continue to grow and provide the best products for our customers.”

Peer Foods, which currently has more than 240 full-time employees at its two Indiana locations, has already begun hiring additional manufacturing, production, packaging and support associates in Cumberland.

The Indiana Economic Development Corporation offered Peer Foods Group, Inc. up to $400,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Hancock County approved additional property tax abatement at the request of the Hancock County Economic Development Council.

“We are pleased and excited to have Peer Foods as a member of our community,” said Joe Siefker, vice president of the Cumberland Town Council and member of the Hancock County Economic Development Council. “The jobs they will provide and the revenue they will generate for the local community and the utilities is the culmination of the work we on the Cumberland Town Council and the Hancock Economic Development Council do to make Hancock County a great place to live and work.”
 
About Peer Foods
Peer Foods was founded in Chicago in 1867. It was one of the first meat companies in America to use refrigeration to sell fresh-cut meat year-round. In 1922, it opened a meat processing plant that would provide the foundation for the company’s entry into foodservice. In 1996, Peer Foods acquired Mariah Foods, Inc. Today, Peer Foods Group, Inc. is recognized industry-wide for unsurpassed product quality and service excellence. To learn more, visit www.peerfoods.com.

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

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Media Contacts:
Larry O’Connell (Peer Foods) – 773.927.1440 or LoConnell@peerfoods.com 
Katelyn Hancock (IEDC) – 317.234.2294 or kahancock@iedc.in.gov

Location Information:
Hancock County
Contact Information:
Name: Katelyn Hancock
Phone: 317-234-2294
Email: kahancock@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • About Indiana
  • Business & Employment
  • Agency Name
    Economic Development Corporation, Indiana

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