VALLEY, AL (WTVM) - Alabama Governor Kay Ivey has awarded a grant of $500,000 to pave the way for more than 500 new jobs in the city of Valley.
The city will use the funds to allow John Soules Foods to move into the former West Point Home building in Valley's industrial park that they purchased in December 2017.
The company will hire 150 people and an additional 360 people within the next five years.
John Soules Foods makes fully cooked and ready-to-cook meat products.
"Bringing new industry and employment opportunities to Alabama is and will continue to be a priority of my administration," Gov. Ivey said. "I am pleased that John Soules Foods is expanding to the Valley area, and I commend them and our local and state leaders for working together to make this a reality."
The city is also planning on using the funds to upgrade water and sewer services to the plant, which is currently undergoing a $70 million renovation.
"Gov. Ivey has repeatedly demonstrated her determination to support businesses and encourage new jobs," Alabama Department of Economic and Community Affairs Director Kenneth Boswell said. "ADECA is proud to play a role in this venture that is providing jobs for Alabamians."
The city of Valley has pledged to match the grant with an additional $500,000.