IE Business Daily Business news for the Inland Empire.
A food manufacturing company is looking to consolidate its warehouse-distribution in Beaumont.
Rudolph Foods Co., which makes pork rinds and other snacks, wants to shut down its logistics operations in San Bernardino and Riverside and move to a warehouse at 920 Fourth St., according to a report in The Press-Enterprise.
The Ohio-based company will pay for the building with $9.9 million in tax-exempt bonds and $500,000 in taxable bonds, both of which were approved by the California Industrial Development Financing Advisory Commission earlier this month.
The bonds will be sold on a private placement basis, meaning the public won’t be responsible for any payments and Beaumont’s debt won’t be increased. They’re industrial development bonds meant to help manufacturers and are issued through state and local government agencies.
All 80 employees are expected to make the move, and another 10 positions are expected to be created once the move is complete, the report stated.
