Today, the Amarillo City Council approved a Location Incentive Agreement presented by the Amarillo Economic Development Corporation (Amarillo EDC) to support the expansion of Caviness Beef Packers in Amarillo. This ratification comes after the approval by the Amarillo EDC Board of Directors earlier today, February 22, 2022. This final step in the approval process allows the Amarillo EDC to provide an incentive agreement which will allow Caviness to hire an additional 100 full-time employees, over a three-year period. Additionally, a new Caviness processing facility is currently under construction at South Loop 335 and Washington, set to be completed this Spring.
“Caviness has been a staple in not only Amarillo, but the Texas Panhandle for over 50 years,” Kevin Carter, President & CEO of the Amarillo EDC, said. “We’re excited to assist with their expansion and look forward to seeing how they continue to grow and innovate within the beef industry.”
Caviness Beef Packers has been family-owned and operated for over 50 years and is currently led by second and third-generation family members. Since 1962, Caviness has remained one of the most relationship-oriented companies in the beef industry. The business has grown from harvesting a handful of cattle, in the early days, to 2900 head processed each day. Today, the company operates two processing locations in Hereford and Amarillo, and markets products worldwide.
“This expansion will allow us to efficiently produce wholesome beef products to go above and beyond for our customers,” Trevor Caviness, President of Caviness Beef Packers, said. “Caviness has always called the Texas Panhandle home, and we’re eager to continue building on that success. We very much appreciate the Amarillo EDC's mission of helping attract business growth in the region.”
With the additional 100 full-time jobs, the payroll is projected to increase $4.5MM annually. The agreement will have a projected capital expenditure of over $60MM.