Thompson, IA (KICD)–A locally owned company is slated to make an $86.5 million investment for an expansion project in Winnebago County.

Rembrandt Enterprises of Spirit Lake will build a new large-scale egg processing plant in the town of Thompson to expand the distribution of Iowa-produced, egg-protein powder within the United States and globally. This plant will include a large-scale pasteurizer, pasteurizing rooms, and both liquid and dried packaging equipment. With the addition of two egg dryers as part of the project, Rembrandt will be shaping the future of egg drying in the US through this increased capacity.

The expansion will create 197 new jobs at a qualifying wage of $14.86/hour. The Iowa Economic Development Authority board approved tax credits for the expansion on Tuesday.

George Bower has arranged an interview with Rembrandt Foods Founder and President Dave Rettig you can hear at 8:20 tomorrow morning on Newsradio 1240 KICD.