Vice President J.D. Vance announced an investment through the U.S. Department of Agriculture's Business and Industry Guaranteed Loan Program. The money will support construction of a beef processing plant in Dimmitt, Texas. The facility is locally owned and USDA inspected.

The plant is backed by a $24.6 million commercial loan. According to the announcement, it will process about 400 head of cattle per day and is expected to create 220 new jobs.