JBS Foods Canada invests $90 million in a new patty processing line and fulfillment centre at its Brooks plant in Alberta. With the expansion, JBS Canada will produce almost 7 million more kilograms of beef patties every year for restaurants in western Canada.
The project also qualifies for Alberta’s Agri-Processing Investment Tax Credit program, which was launched in spring 2023. To be considered for the tax credit program, corporations must invest at least $10 million in a project to build or expand a value-added agri-processing facility in Alberta. The program offers a 12 per cent non-refundable tax credit base on eligible capital expenditures. JBS Canada has received conditional approval to have a tax credit of an estimated $10.7 million.
“JBS is a cornerstone in Brooks, creating jobs and ensuring Alberta’s world-renowned beef makes it to the millions who love to eat it. This expansion is great news for JBS, Brooks and Alberta as a whole, showing the importance of our Agri-Processing Investment Tax Credit. Our local and provincial economies are growing and that’s exciting to see,” said Danielle Smith, Alberta Premier.
JBS Canada is also developing a fulfilment centre to help accommodate its increased production. The processing line and warehouse expansion are already underway and are expected to be complete by fall 2025. The project will create up to 24 permanent jobs and 170 temporary jobs.
“We are so pleased to be making this more than $90-million investment at our Brooks beef processing facility. It significantly enhances our value-added processing and fulfilment capabilities and was possible in no small part due to Alberta’s tax credit for agri-processors,” said Celio Fritche, president, JBS Foods Canada.
Source: www.foodincanada.com