Fortune cookie maker Wonton Food is reportedly looking to strengthen its manufacturing capabilities with a new $20m facility in La Vergne, Tennessee, US.
The company is also considering Houston and New York as alternate sites.
The proposed project would support the region with around 70 new jobs in the first phase, and is expected to produce around two million cookies a day.
Tennessee is the front-runner pending Industrial Development Board's decision to issue industrial revenue bonds worth around $10m, reported The Tennessean.
GE Capital is expected to purchase the tax-exempt bonds, and the proceeds will be offered as loan to Wonton Food.
Wonton Food project coordinator and assistant to the board of directors Wei Chan said: "Our preference is to be able to invest in Nashville.
"If they approve both, then the operation is a go. If they don't, we have to go back and re-analyze the situation."
The company also plans to renovate and convert its warehouse in La Vergne to a food processing plant with an investment of $10m.The warehouse currently distributes various products, including noodles and egg roll wrappers to wholesalers in Tennessee and nearby states.
Established in 1973, Wonton Food operates plants in New York, Texas, and Tennessee. Its product portfolio includes noodles, crispy noodles, wrappers, bean sprouts and egg roll filling and fortune cookies.
