/C O R R E C T I O N -- Commonwealth of Kentucky/

Kentucky

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Governor Beshear Announces Rancho Poultry to Locate Food Processing Facility in Lebanon, KY

Project will create approximately 250 jobs, invest over $43 million in the region

FRANKFORT, Ky., July 3 /PRNewswire/ -- Governor Steve Beshear and Economic Development Cabinet Secretary John Hindman today announced the location of Rancho Poultry LLC toMarion County. The food processor will create approximately 250 new employment opportunities as a result of the project, investing over $43 million in the commonwealth.

"The location of Rancho Poultry to theMarion County community will produce hundreds of employment opportunities and represents a tremendous capital investment in the commonwealth," said Gov. Beshear. "We welcome them and look forward to assisting the company as it establishes itself and grows in south centralKentucky."

Rancho Poultry is a major supplier of processed chicken to restaurants and food stores and counts McDonald's among its customers. The company plans to construct a 100,000 square-foot facility on 25 acres inLebanon. Two processing lines will be installed capable of producing 60 million pounds of partially cooked, battered and breaded chicken products. An additional third product line is already being considered by the company, which would add an additional 50 jobs.

"We are excited and proud to become members of theLebanon community," said Ed Sanchez, president and CEO, Rancho Poultry LLC. "We intend to be a world-class company of which our workforce will be proud to call Rancho Poultry their employer."

The Kentucky Economic Development Finance Authority granted final approval to Rancho Poultry in June 2008, for tax benefits up to $7.5 million under the Kentucky Rural Economic Development Act, a program designed to increase manufacturing employment in the state.

"The addition of Rancho Poultry toMarion County's corporate landscape will provide a tremendous boost to the local economy," said Secretary Hindman. "The Cabinet is pleased to partner withLebanon/Marion County and Rancho Poultry on this project and will continue to assist them in future growth opportunities."

"It's organizations like Rancho Poultry that prove our community is a viable location for visionary companies looking for a prime geographic location and an excellent workforce," said Tom Lund, executive director, Lebanon/Marion County Industrial Foundation. "We are proud to welcome Rancho Poultry to the city ofLebanon andMarion County."

A community profile forMarion County can be found at the following link: http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=042 .

    Contact: Mandy Lambert
             1-502-564-7670

             Raymond Estrada
             Rancho Poultry LLC
             512-335-7776

Kentucky

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Copyright © 2008, NewsBlaze, Daily News

Tags: Food and Beverages, Real Estate, kentucky

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