A producer-owned beef processing plant planned for Western Nebraska has reached a critical milestone that will allow the facility to secure funding.
North Platte’s Community Redevelopment Authority (CRA) unanimously approved a contract with Sustainable Beef to be eligible for $21.5 million in tax increment financing.
TIF funding will be used to improve infrastructure like water lines and raising the plant above the flood plain. The agreement also requires Sustainable Beef to invest $300 million in the project, hire employees legally and adhere to specific odor standards.
