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Home Investing

Burgaw sweet-potato fry processor to invest $26 million in expansion

by Trading How
February 20, 2021
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Burgaw sweet-potato fry processor to invest $26 million in expansion
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Cardinal Meals will open a sweet-potato fry processing plant in Burgaw, which is able to create round 50 jobs and make investments $25 million into the Pender County economic system. (Port Metropolis Every day/Valeria Boltneva from Pexels)

BURGAW — Cardinal Meals, positioned on the southern outskirts of Burgaw, introduced plans final week to take a position greater than $26 million right into a 56,000-square-foot, food-grade processing facility. The transfer will create about 50 extra jobs and make the corporate “one of many largest candy potato fry producers on this planet,” in accordance with CEO Corey Barnhill.

“Resulting from a scarcity of processing capability regionally, a big majority of fruit and veggies journey exterior of North Carolina — as distant as Idaho and Canada — to be processed,” Barnhill mentioned in an announcement launched by Wilmington Enterprise Improvement (WBD). The personal nonprofit group oversees enterprise recruitment and “industrial retention” for Wilmington, New Hanover, and Pender counties.

“This enlargement represents an unlimited aggressive benefit that can place Cardinal in an awesome spot for future progress,” Barnhill added.

The corporate will obtain a complete of $467,500 monetary incentives from the city of Burgaw, Pender County, and the state.

Though WBD didn’t define any particulars concerning the incentives within the launch, its CEO, Scott Satterfield, mentioned the group performed a job within the negotiations. 

“Manufacturing, together with value-added meals processing, is a precedence for our area,” Satterfield mentioned. “So, once we see a confirmed, present business able to increase right here on this scale, we’re desperate to do every little thing we are able to to assist it.”

On Thursday morning, Pender County Supervisor Chad McEwen pointed to particulars mentioned at a commissioners’ assembly final November. He instructed commissioners the enlargement would qualify the corporate for a $50,000 grant from the state by way of the One North Carolina Fund, a cash-grant program that permits the governor to rapidly fund aggressive job-creation initiatives. 

The corporate additionally was awarded a $350,000 grant from the N.C. Division of Commerce by way of Constructing Reuse, a rural grant fund. This system requires a $67,500 native match, which can be break up evenly between Pender County and Burgaw. Commissioners agreed to the contribution on the situation that or not it’s offered over a three-year interval and that Cardinal Meals fulfill sure capital funding, hiring, and wage necessities. 

McEwen famous the rise in tax revenues paid to the county due to the enlargement will exceed the county’s incentive contribution throughout the first yr.

The brand new jobs will deliver a median wage of $38,458, practically $5,500 greater than the county common, in accordance with WBD.

The Burgaw firm at present processes and distributes fruit and greens for farmers throughout the japanese U.S. The brand new facility will embody gear to obtain uncooked materials to extend the manufacturing of candy potatoes and butternut squash. 

“Burgaw presents a logistical benefit with its proximity to each main interstates I-40 and I-95 in addition to the Port of Wilmington,” Pender County Chairman George Brown mentioned in an announcement issued by WBD. “We welcome Cardinal Meals’ continued funding in Pender County, additional capitalizing on the alternatives obtainable to our area on the agribusiness import and export facet.”

Burgaw Mayor Pete Cowan additionally lauded the enlargement. 

“Given the challenges associated to the pandemic, to have a challenge of this magnitude coming to fruition in Burgaw says all the best issues about establishing and rising enterprise right here,” Cowan mentioned. 

Based on WBD, the brand new facility will obtain potatoes, which is able to then be steamed, peeled, diced, sorted, and ready for additional processing. They are going to be battered, fried, and packaged in quite a few sizes, and shipped to retail clients, eating places, and food-service operators around the globe. 


Have concepts or feedback? Electronic mail mark@localdailymedia.com

Wish to learn extra from Port Metropolis Every day? Subscribe now after which join our morning publication, Wilmington Wire, and get the headlines delivered to your inbox each day.

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