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Tyson Fresh Meats Inc. is planning to create a 245 new jobs with a $28 million expansion of its Waterloo pork processing plant.

The project includes the construction of a new 56,400-square-foot warehouse building and the renovation of another 18,250 square feet of existing space to add production lines. The IEDA application indicates the company's investment will be split between construction costs and equipment.

It is believed to be the largest industrial expansion or renovation of any kind in the Cedar Valley since an expansion of the John Deere Product Engineering Center in Cedar Falls in 2014, said Steve Dust, executive director of the Greater Cedar Valley Alliance and Chamber.

The company now employs nearly 2,900 people and is Waterloo's second largest manufacturing employer, with 539,000 square feet under roof, Dust said, making it one of the largest locations in Tyson's fresh meats group.

“The expansion of our Waterloo pork complex is great news for our plant, our community and our customers,” said Shane Miller, senior vice president of the pork division for Tyson Fresh Meats. “We are committed to the Waterloo community and look forward to adding more jobs, while also supporting the independent pork producers in this region.”

—Read more from The Waterloo-Cedar Falls Courier