Koch foods expansion to bring 135 jobs to East Alabama By WBRC Staff | January 19, 2021 at 4:25 PM CST - Updated January 19 at 4:25 PM
GADSDEN, Ala. (WBRC) - Koch Foods announced a nearly $16 million expansion in Gadsden that will make the company Etowah County’s second-largest business employer.
The company is investing $15.9 million to expand the production line at its Gadsden poultry processing facility.
The project is expected to bring 135 jobs over the next three years.
The Gadsden City Council approved a 10-year abatement Tuesday of all state and local non-educational property taxes and all non-educational construction-related transaction taxes.
According to Koch Foods, information from the Gadsden-Etowah Industrial Development Authority estimates that returns will be $50,770 annually for Gadsden City Schools, $19,000 annually for county schools (plus a one-time return of $16,000), and $9,500 annually for state schools.
Koch Foods $16 million expansion in Alabama will bring 135 new jobs
Updated Jan 21, 2021;
A $16 million expansion at Koch Foods in Gadsden is expected to bring as many as 135 jobs to Etowah County.
The company is investing $15.9 million to expand the production line at its Gadsden poultry processing plant. The Gadsden City Council approved a 10-year tax abatement Tuesday covering all state and local non-educational property taxes, along with non-educational construction-related transaction taxes. The agreement will mean an increase in funding for schools, city officials said in a news release.
The 135 jobs are expected to be added over the next 3 years and will make Koch the county’s second-largest business employer behind Gadsden Regional Medical Center. Koch currently employs 1,040 people in Gadsden.