A poultry production startup company has been awarded a $750,000 grant to open a new chicken processing line in a former Townsend chicken plant in Siler City, North Carolina.

Carolina Premium Foods, based in Whispering Pines, North Carolina, signed a deal to lease the 95,500-square-foot facility that has remained mostly vacant over the past three years, aside from its partial use by Chaudhry Halal Processing Company, which closed its operation in May 2014.

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Carolina Premium Foods reportedly plans to invest $4 million in renovating the facility and equipping it with two broiler production lines, as well as to create 38 full-time jobs that could grow to more than 300 over the next five years.

The Community Development Block Grant was awarded to Carolina Premium Foods by the North Carolina Rural Infrastructure Authority.