Burke Marketing Corp. manufactures meat crumbles, meatballs, pepperoni and diced meats at the Iowa plant.
Hormel said it would add 200,000 square feet to its existing 225,000-square-foot facility. The capital investment for the new project is a proposed $150 million.
The Des Moines Register also reported that Hormel Foods was given $10.5 million in incentives. Investment tax credits accounted for $7.5 million, tax refunds accounted for $3 million and $12,000 went toward research activities tax credits.