Producer Owned Beef LLC received $12.2 million from the Texas Enterprise Fund on Aug. 10 after Texas Gov. Greg Abbott’s (R) office presented the award at a launch event in Amarillo, TX.
Producer Owned Beef, a processing facility owned by cattle producers and operated by beef processing industry veterans, plans to break ground on a $670 million plant in the first quarter of 2023.
In addition to the investment from the Texas Enterprise Fund, the Amarillo City Council approved Amarillo Economic Development Corporation incentives of up to $11.1 million to build the beef processor’s headquarters in Amarillo.
“Public-private partnerships are proven to attract additional investors and create a virtuous cycle of commerce, employment and tax revenue for our communities and state,” said Casey Cameron, Producer Owned Beef CEO. “Our commitment is to build and operate a beef processing facility that stands out from the rest of the industry in animal well-being, environmental protections, team member safety and ergonomics, and the highest quality beef products.”
