Apr 25, 2024 (MarketLine via COMTEX) --
US-based dairy products manufacturer Daisy Brand is to build a new factory in Iowa, supported by state funding.
Family-owned Daisy Brand plans to invest $626.5m in a 750,000 square-foot facility, creating 106 new jobs to start, a number anticipated to grow up to 255 as demand increases.
City officials in Boone have approved the project and the Iowa Economic Development Authority will provide $7m in funding for the facility, as well as tax benefits, according to a government statement.
Iowa Governor Kim Reynolds said demand for the company’s products has created the need for an additional manufacturing facility.
“With a third of the nation’s top food manufacturers located in Iowa and 26% of our manufacturing industry attributed to food processing, Iowa and Daisy are a perfect fit,” Reynolds said.
“Daisy Brand’s investment in Iowa further reinforces our standing as a manufacturing powerhouse and reputation for fostering an environment where businesses succeed and grow.”
Daisy Brand, which was formed in 1917, is headquartered in the Texas city of Dallas. The sour-cream and cottage-cheese maker has three manufacturing facilities: one in Garland, Texas, another in Casa Grande, Arizona and a third in Wooster, Ohio.
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COMTEX_451415567/2227/2024-04-25T14:49:48
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