New Markets Tax Credit Coalition

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Wayne Farms and Laurel Fresh Production Facility

Poultry producer and processor Wayne Farms is investing $16.9M in the expansion of its Laurel Fresh Production Facility in Mississippi, US.

Investment

  • NMTC Amount: $8,920,000
  • Total Project Cost: $17,978,614

IMPACT

  • 550 FTE jobs
  • Retains 350 jobs and creates 200 new jobs.

Investor

Project Description

Poultry producer and processor Wayne Farms is investing $16.9m in the expansion of its Laurel Fresh Production Facility in Mississippi, US. The construction began in February 2020 and is expected to be completed in May 2020. The project will create more than 200 new jobs and, upon completion of the expansion, the total workforce at the facility is expected to be approximately 550. The production facility is located at 525 Wayne Drive, Laurel, Mississippi. Spread across a 101,050ft² area, the processing facility is situated on a 48-acre site, which also includes a hatchery and feed mill. Wayne Farms will install an advanced processing line and new equipment, including deboning, packaging, automated cutting, portioning and X-Ray technology to create products under its new brand known as LADYBIRD™.

MAP

Address: 525 Wayne Drive, Laurel, MS 39443

Census Tract: 28067950700

Other Mississippi Projects

This is a major investment in the healthcare of a severely distressed rural area in Carthage, Mississippi.
NMTC financing supported a construction loan for the rehabilitation of historic hotel in Clarksdale, MS, run by an artist co-op.
Working capital enabling Williams Medical Clinic to expand its business and continue delivering high-quality medical care in an impoverished rural county.
NMTC loans were used to finance the acquisition and rehabilitation of a retail shopping center anchored by a Rouse’s Grocery Store in Picayune, MS.