FOR IMMEDIATE RELEASE
April 12, 2021
Contact: Sarah Suggs, Director of Communications
Phone: 910-500-6464
Email: sarah@fayedc.com

Cargill selects Cumberland County for significant expansion

Company to invest $25 million to improve production capacity

FAYETTEVILLE, NC – Cargill has selected Cumberland County for a significant expansion following an incentive approval by the Cumberland County Board of Commissioners. With plans to increase production capacity at its facility outside Fayetteville, the company has reinforced its position in the community as a long-standing employer, committing to $25 million in capital improvements.

The 6-year performance-based incentive grant will provide Cargill $600,000 to support their Cumberland County operations. The project, set to begin before the end of 2021, will generate tax revenue and increased economic activity which will offset the incentive.  Additionally, this investment will help maintain the 70 jobs currently at the site, which have average salaries of $70,000 a year, well above Cumberland County’s average wage.

“Cargill is a longtime employer in our community and a buyer for the soybeans our farmers grow. We are grateful the company is expanding their agribusiness operations here. Their increased investment exemplifies this community’s resilience as we emerge from the effects of COVID-19,” said Charles Evans, chairman of the Cumberland County Board of Commissioners.

Headquartered in Minneapolis, Minnesota, the soybean oil manufacturing business has been on River Road outside Fayetteville since 1970. The company evaluated competing locations for the substantial investment and ultimately selected Cumberland County for the project which will invest $5 million in real estate improvements and $20 million in new personal property.

“Our plant in Cumberland County is an important link in the supply chain for North Carolina farmers and livestock producers, and these investments will help us serve customers more efficiently,” said Don Camden, vice president, Cargill Agricultural Supply Chain North America. “Cargill is committed to nourishing the world in a safe, responsible, sustainable way. We are part of the community and are proud to provide significant support for a number of organizations in the area funding nutrition and education programming projects, as well as COVID-19 relief.”

Fayetteville Cumberland Economic Development Corporation (FCEDC) celebrates Cargill’s selection of Cumberland County for the project and looks forward to continuous existing industry growth.

“While we are always excited to bring new companies to our community, our top goal is to help existing businesses grow and flourish,” emphasized FCEDC Chairman Andrew Pennink. “We are grateful for Cargill’s continued commitment to our community, and we look forward to celebrating more economic wins in 2021.”

ABOUT FCEDC: The Fayetteville Cumberland County Economic Development Corporation is a public-private partnership designed to enhance job growth and prosperity in the region by attracting new industry and growing and retaining existing industry. FCEDC works daily to help strengthen our economy and diversify our community tax base. Learn more at www.fayedc.com.

ABOUT CARGILL: Cargill’s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible, and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. Learn more at www.cargill.com.

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