JBS to expand patty production with tax credit
By Medicine Hat News on July 13, 2024.
https://www.medicinehatnews.com@MedicineHatNews JBS Foods Canada in Brooks will see an expansion in its beef processing capabilities thanks to qualifying for Alberta’s Agri-Processing Investment Tax Credit program. This credit incentivized the investment of $90 million for a new patty processing and fulfillment centre. With the investment, it is estimated they will produce nearly seven million more kilograms of beef patties every year. “JBS is a cornerstone in Brooks, creating jobs and ensuring Alberta’s world-renowned beef makes it to the millions who love to eat it,” said Premier Danielle Smith in a press release. “This expansion is great news for JBS, Brooks and Alberta as a whole, showing the importance of our Agri-Processing Investment Tax Credit. Our local and provincial economies are growing and that’s exciting to see.” JBS Canada is also developing a fulfilment centre to help accommodate its increased production. Work is already underway on the project, and is expected to be completed by fall 2025. The project will create up to 24 permanent jobs and 170 temporary jobs. “JBS Canada’s facility expansion is an important step towards meeting the demand for Alberta beef products,” said Grant Hunter, parliamentary secretary for Agrifood Development. Qualification for the tax credit requires an investment of least $10 million in a project to build or expand a value-added agri-processing facility in Alberta. JBS Canada has received conditional approval to have a tax credit estimated at $10.7 million. 9-8
