Pinnacle Foods Inc. Establishes Manufacturing Facility In Hagerstown, Maryland
The facility, formerly owned by Unilever, will produce Pinnacle’s gardein brand of plant-based protein. “Pinnacle is pleased to be establishing a manufacturing presence in Hagerstown and working with both the community and the state of Maryland,” said Robert J. Gamgort, CEO, Pinnacle Foods. “Gardein is a rapidly-growing, health and wellness brand that continues to expand its award-winning product offering and retail footprint, and this new facility will provide important capacity to enable the brand’s continued growth.”
To assist the company with initial project costs, the Maryland Department of Business and Economic Development has approved a $312,500 conditional loan through the Maryland Economic Development Assistance Authority and Fund. Once the company has hit an initial employment milestone, the Department has approved a second conditional loan disbursement of $187,500. Washington County has approved a similar funding package totaling $500,000 based on achieving jobs goals.
“Working with our partners in Washington County and the City of Hagerstown, we are proud to welcome Pinnacle Foods, a Fortune 1000 company, to Maryland,” said Governor Larry Hogan. “Our entire administration is focused on providing our hardworking Maryland citizens with jobs and a strong economy, and seeing companies like Pinnacle Foods choose to invest in our state is a shining example of the progress we are making."
In addition to State and County assistance, the City of Hagerstown has approved a loan-to-grant of up to $100,000 for the creation of up to 200 jobs. In addition, the City is waiving building permit fees associated with improvements to the property at an estimated value of $50,000.
Mayor David S. Gyberts said, “The City is supporting Pinnacle Foods with fast-track permitting approvals so the company can retrofit the building to their production needs. This allows the company to launch operations timely and efficiently and creates local jobs faster. We believe the City’s reliability of supporting business and fast-tracking contributed to Pinnacle Foods Group’s decision to locate in Hagerstown during their national search.”
International Automotive Components Group Plans Factories in Calhoun and Tuscaloosa County, Alabama
Genpact Canada Service Company Locates Virtual Data Science & Tech Hub in Montreal, Quebec
France-Based Babynov USA Selects Red Boiling Springs, Tennessee, for First U.S. Manufacturing Facility
Why are Foreign Trade Zones Making a Comeback?
34th Annual Corporate Survey & the 16th Annual Consultants Survey
How are Uncertain Times Altering Company Location Strategies?
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row