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The Village of Montgomery and the Montgomery Economic Development Corporation (MEDC) are pleased to announce an operational expansion at the Montgomery, Ill., Butterball, LLC facility. The expansion will increase employment by 15 percent as the company invests approximately $24 million at the Gusto Packing Company site. Gusto Packing Company currently employs approximately 500 people and was acquired by Butterball, LLC in December 2012.
“This is an extremely exciting project for the Village of Montgomery,” said Village President Matt Brolley. “This project and the jobs it creates are a direct result of a cooperative effort between the Village of Montgomery, the MEDC and the State of Illinois.”
“Montgomery has a very strong manufacturing core, houses a strong workforce and boasts premier access to various modes of transportation. I believe that this project will serve as a catalyst for industrial growth that will launch a new era of business in our community,” Brolley said. “On behalf of the Village Board and community, I want to thank Butterball, LLC for the confidence that they have shown in our community. We are thrilled that they have chosen to make this investment in Montgomery.”
The Village has approved a 10 year, $1.5 million low interest loan to the company from the Village's Revolving Fund. The loan will be used to purchase necessary equipment to expand its operations at the Montgomery plant, located at 2125 Rochester Road.
The Revolving Fund was established more than 25 years ago with federal grant funds awarded to the Village by the Department of Housing and Urban Development. The funds are used by the Village to provide financial assistance to new or expanding businesses in support of projects that create and retain jobs. Additional Revolving Fund information can be found on the Village’s website.
“When I was originally contacted by Gusto Packing Company about a possible expansion, we immediately went to work,” MEDC Executive Director Charlene Coulombe- Fiore said. "Multiple agencies, including the Village staff, worked cooperatively to help assure Butterball that we were the right community to pick for this expansion. In addition to the state, we also received support from Kane County Board Member Jesse Vazquez, State Representative Kay Hatcher and from ComEd. Montgomery and the MEDC are exceptionally proud of this example of cooperative and responsive government."