Governor Pat Quinn recently announced that John Hofmeister & Son Inc., a family-owned meat products company, will undergo a $9.6 million expansion in Chicago while also creating 25 new jobs.
The project will be supported by a $2 million loan from the Illinois Department of Commerce and Economic Opportunity. The recent announcement is part of Quinn’s agenda to create jobs and drive Illinois’ economy forward.
“Small businesses are the backbone of the Illinois economy, and programs like this help small businesses thrive,” Quinn said. "By increasing access to capital, we are making it easier for companies like Hof Haus to grow and create more jobs in Illinois.”
Hof Haus is undergoing an expansion that involves a new slicing and packaging operation that will create 25 new union jobs. The move will allow the company to increase its overall sales to grocery companies such as CKF Foods, American Chef, Meijer, Albertson’s and Charlie’s Pride, and will help the firm expand its school lunch program sales. Greater emphasis is also being placed on Latino markets served locally by Amigo Foods and El Super, and on sales to Puerto Rico. Hof Haus currently averages about 80 employees, 40 of which are union members, with more employees during peak times. 89 percent of its workers are minorities.
The $2 million Advantage Illinois loan administered by DCEO is part of a $9 million financing package led by Village Bank & Trust of Arlington Heights. The money will allow the company to pay off old debt, acquire new equipment and hire 25 new workers.