HARRISBURG, Pa., Feb. 17 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell
announced today state investments will help a leading printing company
consolidate an out-of-state operation and bring 52 jobs to Venango County.
W.S. Packaging Group Inc., an industry leader in the production of printing
and flexible packaging for retail, commercial and industrial markets, is
expanding operations at its facility in Franklin.
"W.S. Packaging's decision to expand its operations in Franklin - and bring 52
jobs with competitive wages - is great news for the hardworking men and women
of Venango County, especially during these tough economic times," said
Governor Rendell. "To help turn our economy around, there's more reason than
ever for Pennsylvania to invest in quality economic development projects that
create jobs and leverage private sector investment in the commonwealth."
As part of its project, the company will move production from its facility in
Salem, Ohio, to the Franklin facility, which will include a 25,000-square-foot
expansion. Construction on the $2.4 million project is expected to begin
within a month, and the company expects the facility to be at full capacity by
September.
W.S. Packaging Group has more than 40 years of experience and is one of the
largest printing and label converting operations in North America. It operates
17 manufacturing facilities and produces high-quality packaging products.
"We're very grateful for the support from the Commonwealth of Pennsylvania,"
said Terry Fulwiler, W.S. Packaging Group CEO. "Relocating our Salem
production to the expanded facilities in Franklin is going to allow us to more
competitively support our current customers, and remain well positioned for
long-term growth. This is a vital step in our efforts to continue investing in
our business for the future."
The company's project was coordinated through the Governor's Action Team,
economic development professionals who work directly with businesses that are
considering locating or expanding in the state. Pennsylvania provided the
company with a $1.2 million funding offer that includes a $50,000 opportunity
grant, a $400,000 loan from the Pennsylvania Industrial Development Authority,
a $675,000 loan from the machinery and equipment loan fund, $23,400 in job
training assistance and $52,000 in job creation tax credits.
Source: Reuters
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