Jensen Meat Co., a supplier of meat to restaurants, hotels and schools, is hiring 150 new workers and retaining another 100 current employees as a result of its decision to open a 74,000 square foot plant in Otay Mesa, according to an announcement from Mayor Jerry Sanders.

Jensen, based in Vista and founded in 1958, was being courted by both Colorado and Texas to relocate its operations starting in 2010 to accommodate its increased business. Some of the firm’s competitors began a process of consolidating and relocating some of their operations to other states, causing Jensen to consider the same options, according to Sanders’ office

In response, officials from the city of San Diego and two regional economic development organizations met with the company to consider what strategies could be used to retain the business here, Sanders’ office said.

Earlier this month, the local enterprise zone was expanded to include areas north of Interstate 8 and parts of Chula Vista. The zone, which allows employers to take tax credits on employees’ wages and equipment purchases, previously covered parts of the South San Diego and the South Bay including National City and Otay Mesa.