Flexicon Corporation Invests $6.3 Million To Double Size Of Its Bethlehem Township, Pennsylvania, Production Facility
Area Development Online News Desk (10/23/2013)
Flexicon Corporation, an industrial manufacturer, will invest $6.3 million to double the size of its Bethlehem Township, Pennsylvania, production center, and adding at least 50 jobs in the region.
A manufacturer of engineered industrial bulk handling and processing equipment and systems, Flexicon plans to add a 90,000-square-foot expansion to its 91,000-square-foot facility. Expansion of its Northampton County campus is necessary to support an increased workload and add a new product line.
“The past few years have been very successful ones for Flexicon,” said David R. Gill, Flexicon’s President. “We have seen strong growth in several of our vertical markets and we have expanded our product lines. As a result, we are beginning to exceed the capacity of our Bethlehem headquarters. We are very grateful for the support of the Corbett Administration and the Governor’s Action Team. We will be able to hire more people and continue our growth right here in Bethlehem.”
“From Flexicon to Urban Outfitters and Walmart, companies from all over the world are looking at Pennsylvania to grow and we are seeing real results and new jobs,” Gov. Tom Corbett said. “With a renewed business climate, and the best entrepreneurs, workforce and competitive location, it’s easy to understand why Flexicon chose to expand here.”
As an incentive the company received a funding offer from the Department of Community and Economic Development including a $100,000 Pennsylvania First Program grant, $100,000 in Job Creation Tax Credits and a $22,500 Guaranteed Free Training grant to be used to train its new workforce.
According to the Governor’s Office, funding included a $250,000 low-interest loan from the Machinery and Equipment Loan Fund to be repaid in 10 years and a $2 million low-interest loan from the Pennsylvania Industrial Development Authority to be repaid in 15 years.
The project was coordinated by the Governor’s Action Team in collaboration with the Lehigh Valley Economic Development Corporation.
“Flexicon is the type of high-quality manufacturing company that we want to stay and grow here in the Lehigh Valley,” said Don Cunningham, LVEDC president and CEO. “This expansion should allow the company to boost its manufacturing efficiency and offer the potential for growth that is consistent with their worldwide reputation for making quality equipment.”