Renew Blue Industries, a company that recycles items such as a polypropylene plastic cloth commonly known as “blue wrap” into plastic pellets, will create more than 100 area jobs by locating its non-hazardous, medical waste plastics operation to the former manufacturing facility at 1815 S. Sam Rayburn Freeway in Sherman, Texas.
Sherman, Texas, is located about 40 miles north of the expanding Dallas-Fort Worth. Metroplex. “We spoke with several cities in the Metroplex and it was clear that Sherman offered us both a proactive city government and a very talented labor force to draw from. Those two factors should make for a great place to call home,” said Brian Hays, President/Vice Chairman of Renew Blue Industries. “We look forward to becoming an active member of the Sherman community.”
The company plans to relocate by February 2015, according to the Sherman Economic Development Corporation. Renew Blue will also be recycling other non-contaminated polypropylene plastics, which along with the blue wrap, can be turned into thousands of everyday products. They expect to begin hiring route drivers, line workers, machine operators, sales, administrative and maintenance positions in mid-January 2015.
“Sherman is thrilled to welcome Renew Blue as the newest member of our growing community,” said Scott Connell, President of SEDCO. “Not only will this create jobs in Sherman, but we are also excited to have a company that is committed to preserving our environment by filling an underserved need in recycling.”
The SEDCO Board of Directors and Renew Blue have agreed on an Economic Development Performance Agreement, which includes a $400,000 incentive grant to be paid in three installments. Incentives will be dispersed in full to Renew Blue based on company performance criteria outlined in the agreement to help offset investments of $150,000 in building renovation and $1 million in manufacturing equipment.