Kraft Foods has a new expansion plan for its Springfield facility at Missouri. The food giant intends to invest up to $100 million in its cheese production facility for a new line of product.
According to the local Chamber of Commerce, the new investment plan by Kraft Foods, right after its $ 50 million investment in 2012, indicates the company’s dedication to remain competitive and strengthen its legacy further. The facility at Springfield recently celebrated its 75Th year in business.
The expansion plan was led by Springfield Business Development Corporation (SBDC) staff member. The plan makes optimal use of local tools to ensure that Springfield facility operates efficiently and effectively with the recent investment.
Kraft Foods facility at Springfield is the first company to make use of Community Economic Development Rider incentive doled out by City Utilities. The Springfield Business Development Corporation stated this move is to encourage local businesses to expand their operations.
Previously, Kraft Foods made use of Chapter 100 industrial revenue bonds from the City of Springfield which helped the company retain its 800 full-time employees in Springfield itself. This unit also employees some number of part-time employees which brings the count to 900.
Todd Sherman, the Plant Manager at Kraft Springfield facility stated the unit is grateful for the constructive partnership with Springfield Chamber, the county and city governments. He further added, the company remains satisfied with the kind of support it has received so far, and the conducive business climate it has offered in expanding and strengthening their business.