Project Represents Significant Investment and Opens Door for Future Downtown Redevelopment
Smithfield Foods in partnership with the State of South Dakota, the City of Sioux Falls, and the Sioux Falls Development Foundation, announced Feb. 16 that it has initiated the approval process to build a new state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, representing a proposed investment of up to $1.3 billion over the next three years.
The new facility will be constructed in Foundation Park, an industrial park in northwest Sioux Falls, and is intended to replace Smithfield’s existing downtown plant, which has played a major role in the regional economy for more than 100 years. Smithfield currently employs approximately 3,200 people in Sioux Falls, providing $200 million in annual wages, and supports thousands of additional jobs across agriculture and related industries…