JBS to invest $5 Million in Iowa
GREELEY, Colo. — Building on its ongoing sustainability and social responsibility efforts, JBS USA announced plans on Tuesday to invest $5 million in Iowa to help local communities respond to coronavirus and invest in the future.
The investment is part of a new, national $50 million-dollar initiative called Hometown Strong which adds to commitments JBS has made in 2020 to protect employees and ensure job security amid the global pandemic.
“We take great pride in feeding millions of American families every day,” said Andre Nogueira, JBS CEO. “And this year brought home the fact that our responsibilities – and the challenges we can help solve – go beyond the production of quality food. We’re deeply connected to our communities, and Hometown Strong is our way of showing that commitment and support. We know each community need is different and we’re listening to local leaders to determine where help is needed most.”
JBS will partner with local officials and community leaders in Marshalltown, Council Bluffs and Ottumwa to identify investment projects which strengthen these hometowns where the company’s team members live and work.
“Iowa is central to the world’s food supply and JBS USA plays a critical role in food production,” said Iowa Gov. Kim Reynolds. “I greatly appreciate JBS USA’s investment and look forward to building on our partnership as we continue to monitor and respond to the COVID-19 pandemic.”
JBS has a significant presence in the state of Iowa, employing more than 4,800 people and paying local producers nearly $1.7 billion each year to support four Iowa facilities, including two fresh pork facilities in Marshalltown and Ottumwa, and two Plumrose USA consumer-ready production facilities in Council Bluffs. JBS has an annual payroll in Iowa of more than $270 million, and contributed more than $30 million in taxes and more than $155 million in capital investments during the last five years.
Nationally, the $50 million investment will include donations to alleviate food insecurity, strengthen long-term community infrastructure and well-being and support COVID-19 emergency response and relief efforts. All funds will be committed by the end of the year.