Smithfield Foods to Relocate Pork-Packing Plant to Foundation Park, Sioux Falls
Smithfield Foods will relocate its pork-packing plant from downtown Sioux Falls to Foundation Park, starting construction in 2027. The investment exceeds $1 billion, with no direct state funding. GOED provided $12 million for land and infrastructure preparation. The move is expected to create more jobs and utilize advanced technology. The project aligns with South Dakota's 2024 foreign ownership law, permitting operations by foreign entities under specific conditions.
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Smithfield Foods will relocate its pork-packing plant to Foundation Park in Sioux Falls, starting construction in 2027. The project represents over $1 billion in investment, with no direct state financial assistance.
The Governor's Office of Economic Development (GOED) contributed $12 million for site preparation and infrastructure. The current facility employs 3,200 and pays $200 million in wages. Smithfield aims to incorporate advanced technology and automation at the new site. The move is compliant with South Dakota's 2024 foreign ownership law, allowing certain foreign entities to operate under specific conditions.
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