A manufacturer of raw sandwich steaks and chicken steaks will invest more than $18 million to build a new 80,000-square-foot plant and add 190 new jobs.
New B&M Meats Inc’s addition to Wilmington’s food production industry will use $1.1 million in state grants to support the project in the city’s Seventh Street Peninsula.
The company plans to start construction on the new facility in 2022 and open it in late 2023 or early 2024.
The announcement was one of three economic good-news pieces Monday. The other two were Analytical Biological Services Inc., which will spend $4.2 million to expand lab space and double its work force, and Investor Cash Management’s $15.37 million new headquarters.
Delaware Prosperity Partnership, the state’s nonprofit public-private economic development organization – and Wilmington’s Office of Economic Development have been working with New B&M since 2020 to evaluate scenarios for combining operations in the region to expand.
The meats company now employs 98 people in Wilmington.
The company will use a state Performance Grant of $195,975 to add 70 jobs to support organic growth at its Commerce Street location.
The new facility will be completed along East Seventh Street on three parcels of land totaling 10 acres with support from a Capital Expenditure Grant of $555,300.
A second Performance Grant of $359,450 will help the company add another 120 jobs at the new site to support increased production capacity, diversified product offerings and operational expansion through entry into new markets.
“We are very excited to welcome New B&M Meats to Wilmington,” said Wilmington Mayor Mike Purzycki in a press release. “Together with Light Action Production’s new multi-million-dollar sound stage and the new CP Furniture factory, B&M Meats will augment the Seventh Street Peninsula’s unique blend of business park and historic cultural amenities.”
He thanked the Delaware Prosperity Partnership as well as Jeff Flynn and his team in Wilmington’s Office of Economic Development.
“It is just one more example of how Wilmington is on the move, continuing to attract new businesses, jobs, and residents to all parts of our city,” Purzycki said.
By 2026, New B&M Meats projects total employment of 288 people between the two Wilmington facilities.
New positions will include production line workers; operators; maintenance and production supervisors; and shippers/handlers. The company is currently hiring for positions at the Commerce Street location, and interviews will begin in late 2023 or early 2024 for the Seventh Street facility.
“As one of the largest Philly steak manufacturers in the country, we’re excited to grow our presence in the rapidly growing and vibrant Wilmington community,” said president Steve Realbuto. “With a strong pool of talent, supportive local and state government, and proximity to critical transportation routes, Delaware is a great place for a manufacturing company to do business.”
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