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Industrial

Mar 13, 2024

Primient Announces $400M Investment in Industrial Facility in Decatur, IL

Primient, a prominent food and industrial product company, has unveiled plans to invest $400 million into its Decatur facility over the next five years.

Primient Announces $400M Investment in Industrial Facility in Decatur, IL
Traded Media
Traded Media

Traded Editorial

1 min read

Primient, a prominent food and industrial product company, has unveiled plans to invest $400 million into its Decatur facility over the next five years. The announcement, made by CEO Jim Stutelberg alongside Illinois Governor JB Pritzker, underscores the company's commitment to modernizing operations, boosting sustainability efforts, and prioritizing employee well-being.

Unprecedented Investment in Decatur Operations

Stutelberg emphasized the significance of this investment, particularly in the Decatur operations, as unparalleled within the industry. He highlighted the company's ambition to solidify its position as the preferred partner both presently and in the future.

Focus on Infrastructure and Operational Enhancements

The investment will primarily target infrastructure and operational enhancements, with a specific focus on refining and drying practices. This strategic approach aims to streamline processes, improve efficiency, and ensure sustainable practices are integrated into day-to-day operations.

Illinois' Pro-Business and Sustainable Environment

Governor Pritzker expressed enthusiasm for the investment, emphasizing Illinois' commitment to fostering business growth while simultaneously promoting environmental sustainability. He highlighted the synergy between economic development and environmental responsibility, positioning Illinois as a welcoming environment for business investment.

Incentives and Job Creation

Primient's recent move to its new headquarters in Schaumburg has been accompanied by incentives, including an EDGE tax credit. This credit requires a minimum investment of $40 million, leading to the creation of 50 new full-time jobs and the retention of nearly 540 existing full-time positions. This further solidifies Primient's role as a contributor to economic growth and job creation within Illinois.

#Chicago#Industrial
Published: Mar 13, 2024Last updated: March 19, 2024