Jindal signs off on megafund bill
Foster Farms agreed last month to buy the plant from Pilgrim’s Pride for $80 million. Jindal agreed the state would put up half the purchase price and another $10 million for improvements to the site, using monies from the megafund as a way to keep the plant open.
At stake are the livelihoods of more than 1,300 plant workers and more than 300 independent area growers.
Jindal said the sale also ensures that more than $100 million of state and local tax revenue over the next decade will not be lost as he said would happen should the facility be shut down permanently.