Grant & Loan Awards: Coffee County


EDGE

Coffee County

EDGE Fund: $4,000,000

Awarded: 12/09/2010

Applicant: Douglas Coffee County IA-Pilgrim's Pride


Description:
EDGE grant funds of $4,000,000 will be used to assist with the re-opening of a chicken processing facility in support of Pilgrim’s Pride Corporation (PPC). In addition, Pilgrim’s Pride will re-open the Douglas hatchery; and the Ambrose feed mill. The economic imprint of Pilgrim’s Pride is enormous, not only to the state’s poultry industry, but to the hundreds of growers and suppliers across an 11-county region in South Georgia. PPC emerged from bankruptcy at the end of 2009 with significant financial assistance from JBS USA Holding, Inc., based in Sao Paulo, Brazil. JBS is the world’s largest beef processor and now owns 67% of the common stock of PPC. Pilgrim’s Pride is now one of the largest chicken processing companies in the U.S. Products include fresh, frozen, whole, cut-up, pre-marinated and marinated chicken breasts, tenderloins and strips, delicatessen products, salads, nuggets, patties and bone-in chicken parts. PPC also exports products to over 90 countries including China, Japan, Russia and Kazakhstan. The Douglas facility will process 1.3 million chickens weekly.


Total Budgeted Project Cost: $45,398,300


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