A $1.46 million grant from the U.S. Economic Development Administration will go towards revitalizing a former Meredith Farms chicken processing plant in Franklin Township, New Jersey, according to reports.

The money will contribute to installation of infrastructure and preparation of the site, which will eventually be a new business park. “We are very pleased to have received this grant which enables us to move forward in a very positive direction regarding the future of this site,” said Mayor Joseph Petsch. “Perhaps more importantly, this funding will lay the foundation for hundreds of new jobs for residents of Franklin Township and the region.”

Meredith Farms filed for bankruptcy protection in 1999. The township said it has a redeveloper and plans to capitalize on the site's location and nearby infrastructure.