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(AP file photo)
(AP file photo)
A developer is set to reopen a lake resort in northern Indiana …
A former University of Saint Francis athlete has been sentenced…
Updated: Monday, 17 Dec 2012, 2:21 PM EST
Published : Monday, 17 Dec 2012, 2:21 PM EST
MUNSTER, Ind. (WISH) - The nation’s third-largest lunchmeats producer is relocating its headquarters to Indiana, creating up to 50 new jobs by 2014.
Land O’Frost on Monday announced its plans to move from Lansing, Ill., to Munster. Construction on a 25,000-square-foot facility is set to begin next summer and expected to be completed in 2014. The project is estimated at $6.4 million.
The Indiana Economic Development Corporation offered Land O'Frost, Inc. up to $750,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The Northwest Indiana Regional Development Authority will support the project through its Deal Closing Fund. Also, the town of Munster offered funds using revenues generated from the issuance of a tax increment financing (TIF) bond.
The company markets its products under the DeliShaved, Land O'Frost, Bistro Favorites and Premium brand names. It also sells hot dogs and specialty sausages under the Wimmer's, Bassett's, Fairbury and Ambassador Brands.
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