Berry Plastics Group Plans $33 Million Investment At Its Evansville, Indiana, Manufacturing Facility
01/15/2013
Berry Plastics, which currently employs more than 1,800 associates in Evansville, has already begun hiring additional professional, technical and production positions. “We are extremely appreciative of the city, county and state officials who worked diligently with us, allowing for growth at our Evansville facilities,” said Jon Rich, chairman and chief executive officer of Berry Plastics. “The capital investment we are announcing is in direct support of our strategic goal of accelerating our innovative product development and the bringing to market of exciting new products that provide solutions for our customers.”
“Though we have new beginnings in leadership, the old efforts of strengthening Indiana’s reputation as a premier location for business are stronger than ever,” said Victor Smith, Indiana Secretary of Commerce. “As we move forward, I am confident that we will remain one of the most sought-after states for business in the nation and continue to deliver on the promise of better serving both the business community and Hoosiers.”
As an incentive, the Indiana Economic Development Corporation offered Berry Plastics Opco, Inc., a subsidiary of Berry Plastics Group, up to $800,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, IEDC will also assist the community with improving rail service to the site. The city of Evansville and Vanderburgh County approved additional incentives at the request of the Growth Alliance of Greater Evansville.
“The decision by Berry Plastics to invest in and expand its Evansville operations is proof of the company’s continued commitment to our community,” said Evansville Mayor Lloyd Winnecke. “It took a lot of hard work and diligence by numerous city, county and state agencies to make today’s announcement possible, which goes to show economic development is possible even in a difficult economic environment.
Most Read
-
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
Hot Jobs: Growing Industrial Sectors
Q4 2019
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
-
What Should High-Growth Companies Look for in a Community?
Q4 2019
-
A Tale of Demographics
Q4 2019