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November 6, 2018
Perdue AgriBusiness, a division of Perdue Farms, announced Nov. 5 a $30 million investment to open an organic grain receiving and storage facility at Tradepoint Atlantic in eastern Baltimore County, Md., to meet the rising demand for organic feed ingredients for Perdue Foods and other companies in the region.
The facility will also include grain and oilseed processing/milling and support more than 25 new jobs, the company said.
“Tradepoint Atlantic at the Port of Baltimore is ideally located to receive grain and supply organic customers throughout the mid-Atlantic region,” Perdue AgriBusiness president Dick Willey said. “We work directly with local farmers and traders in the United States, Europe, South America and Asia to source organic grain and soybeans. This new complex will be a key part of an integrated supply chain that enables us to increase business and reduce the cost while maintaining the quality of our organic products.”
“We’re on a mission to make organic chicken more accessible to more consumers, but the limiting factor is the availability of organic grain,” Perdue Farms chief executive officer Randy Day said. “Expanding our grain operations at Tradepoint Atlantic and the Port of Baltimore will support the continued growth of our organic poultry production in the region.”
Perdue AgriBusiness sources, purchases and processes agricultural commodities and offers a diverse portfolio of products, including grains, soybean meal, feed ingredients and edible oils.
According to the announcement, to assist with project costs, the Maryland Department of Commerce has approved a $350,000 grant through Advantage Maryland (formerly the Maryland Economic Development Assistance Authority & Fund). Baltimore County is working with the company and the county council on approval of a conditional loan. The company is also eligible for various tax credits, including the state’s Job Creation Tax Credit, Enterprise Zone tax credits and the More Jobs for Marylanders Tax Credit, which incentivizes manufacturers to create new jobs in the state.
Tradepoint Atlantic is a 3,250-acre multi-modal global logistics center in Baltimore, Md., that offers a gateway to markets across the U.S. and around the world, featuring a combination of access to deepwater berths, railroads and highways.
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