Storm Lake, IA (2019)

Tyson Foods

Investment

NMTC Amount: $16,660,000
Total Project Cost: $51,914,209

IMPACT

248 FTE jobs
248 construction jobs
Tyson made the following contributions to the low income community: a new bridge at Storm Lake, product donations with a value of approximately $100,000, demolition of the existing feed mill and an additional $50,0000 in cash contributions to local nonprofits. Additionally, they will make a $150,000 donation to the city of Storm Lake for the development of low cost housing.
30,000 sq. ft. of real estate

CDEs

Iowa Community Development

Project Description

The project consists of the construction of a new 30,000 sq. ft. feed mill, and a 10,000 sq. ft. office space in Storm Lake and related equipment. The need for the new feed mill was caused by an old, outdated facility and poor access to the facility with only one way in and out, which caused traffic flow problems. This created problems with emergency services who were on the same street.