The new plant is scheduled to open in November 2010, creating about 275 jobs when it opens for operation. Future expansion could increase the total number of jobs created to more than 500, the company said.

The company said that the plant's building design will provide multiple environmental, economic, health and community benefits, including a substantial reduction in energy usage and water conservation.

The company will initially spend approximately $155 million in the construction of the plant. The company added that total investment in the plant could exceed $200 million by 2014 if growth plans are met.

As part of the state's incentive package, ConAgra Foods Lamb Weston will receive a grant of $32.4 million to $37.4 million toward site infrastructure and plant processing equipment from the Mega-Project Development Fund, if all performance measures are met relative to capital investment and payroll commitments.

Jeff DeLapp, president of ConAgra Foods Lamb Weston, said: "Lamb Weston is already a leading provider of frozen sweet potato products to restaurants and retailers around the world, and we look forward to continuing to grow that leadership position with this significant investment.

"Not only is the state of Louisiana known for its high-quality sweet potatoes, it offers a great environment for business and a skilled workforce. Governor Jindal and Louisiana Economic Development have gone out of their way to make this plant possible, and we are grateful for their support."

A service of YellowBrix, Inc.