Producer Owned Beef LLC announced that it has been awarded $12.2 million from the Texas Enterprise Fund for its forthcoming beef processing facility to be built in Amarillo, TX.
The funding comes after $11.1 million in incentives was pledged by the city council from the Amarillo Economic Development Corporation. The $670-million facility will process 3,000 head of cattle daily and aims to employ nearly 1,600 people.
“Beef and beef production are part of Amarillo’s culture and history, with nearly 28 percent of cattle fed in the United States coming from the Texas Panhandle region,” said Ginger Nelson, mayor of Amarillo.
“Beef is a staple of the Amarillo economy, and the addition of Producer Owned Beef LLC, enhances Amarillo’s role in the beef industry on a national scale.” According to the press release, the facility expects to break ground sometime this year and begin operation by late 2025.
