State and local leaders joined to celebrate a groundbreaking ceremony held March 19 for the new Foremost Farms dairy processing plant in Greenville. Considered to be a major development in the support and long-term expansion of the state’s dairy industry, the project is expected to generate a total capital investment of $57.9 million and create 33 jobs.
“Foremost Farms’ new milk processing plant will increase capacity and accessibility for Michigan dairy farmers, while elevating the profile and profitability of our state’s dairy industry, and we’re pleased to support this investment and the new jobs for area residents,” said Jeff Mason, CEO of Michigan Economic Development Corporation (MEDC).
Headquartered in Baraboo, Wis., Foremost Farms is a farmer-owned milk processing and marketing cooperative with about 1,300 members and annual sales of $1.5 billion.
Greenville Venture Partners, LLC is a subsidiary of Foremost Farms USA Cooperative and plans to establish a 55,000 square foot dairy processing facility in the city of Greenville, which will help provide an outlet to process the current surplus milk supply in Michigan.
“Foremost Farms project is the result of a collaborative effort among the city of Greenville, Michigan Department of Agriculture and Rural Development, Michigan Department of Transportation, The Right Place, West MI Works! along with the MEDC,” said Mason. “This project is a prime example of the great progress we make when we all work together.”
From an economic standpoint, the new facility will provide Michigan Dairy Farmers with a much-needed financial boost by expanding processing capacity in Michigan.
The city of Greenville plans to support the project with a 12-year property tax abatement valued at $2.33 million.