I thought we had a US 33 Fairfield Development alliance if so why are the 110 jobs going to Lancaster. Will this be part of the Gary Weltlich JEDD?
BREAKING NEWS: Manufacturer to bring 110 jobs to Lancaster
The company will build a 300,000-square-foot facility
LANCASTER ?— U.S. Corrugated Inc., has been awarded a 55 percent credit for a five-year term to establish a new 300,000 square-foot facility in Lancaster, the Ohio Department of Development announced today.
The value of the tax credit is estimated at $295,839 over the term, and the company would be required to maintain operations at the project site for 10 years.
The deal for the company to set up shop in Lancaster was sealed during a press conference between city and company officials at 3 p.m. today. The company expects to open its 300,000-square-foot facility in the Rockmill Industrial Park in October.
U.S. Corrugated is a corrugated packaging manufacturer that was formed in August 2006 when its parent company acquired Linpac, Inc., which consisted of a paper mill and five corrugated packaging plants in the southern United States.
The company further expanded following the acquisition of eight Longview Fiber locations, which increased the company?’s sales from $223 million to $420 million and employment from 500 to 1000.
The company will invest in new machinery and equipment and construction a 300,000 square-foot facility that will be used to manufacture corrugated boxes.
Ohio was in competition with Pennsylvania for this $25.5 million project, which is expected to create 110 positions within the first three years of the project?’s initial operations.
Read more about this in Tuesday's Eagle-Gazette.
BREAKING NEWS: Manufacturer to bring 110 jobs to Lancaster
The company will build a 300,000-square-foot facility
LANCASTER ?— U.S. Corrugated Inc., has been awarded a 55 percent credit for a five-year term to establish a new 300,000 square-foot facility in Lancaster, the Ohio Department of Development announced today.
The value of the tax credit is estimated at $295,839 over the term, and the company would be required to maintain operations at the project site for 10 years.
The deal for the company to set up shop in Lancaster was sealed during a press conference between city and company officials at 3 p.m. today. The company expects to open its 300,000-square-foot facility in the Rockmill Industrial Park in October.
U.S. Corrugated is a corrugated packaging manufacturer that was formed in August 2006 when its parent company acquired Linpac, Inc., which consisted of a paper mill and five corrugated packaging plants in the southern United States.
The company further expanded following the acquisition of eight Longview Fiber locations, which increased the company?’s sales from $223 million to $420 million and employment from 500 to 1000.
The company will invest in new machinery and equipment and construction a 300,000 square-foot facility that will be used to manufacture corrugated boxes.
Ohio was in competition with Pennsylvania for this $25.5 million project, which is expected to create 110 positions within the first three years of the project?’s initial operations.
Read more about this in Tuesday's Eagle-Gazette.
