Plastic Package Invests $1.37 Million To Establish Midwest Manufacturing Hub In La Porte, Indiana
10/06/2014
The Sacramento, California-based company will invest $1.37 million to lease and equip a 20,000 square-foot facility at 1900 Whirlpool Drive, Suite 300 in La Porte, with plans to be fully operational by November. The new location will support the company’s growth strategy into the Midwest, while also growing its capacity and enhancing offerings nationwide.
“Indiana was an easy choice for Plastic Package and, quite frankly, the city of La Porte was even easier,” said Mike Miller, President/CEO of Plastic Package. “With the assistance of the Greater La Porte Economic Corporation, we were able to quickly decide that La Porte was the place we wanted to be. Strategically, it will put Plastic Package, Inc. in the position to grow and service businesses in several targeted regions of the Midwest and Northwest. We are extremely excited about the opportunity to be a part of a community that embraces new business.”
The Indiana Economic Development Corporation offered Jadra, Inc. d/b/a Plastic Package up to $100,000 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. The city of La Porte approved additional incentives at the request of Greater La Porte Economic Development Corporation.
“Companies like Plastic Package recognize that Indiana is a state that works,” said Victor Smith, Indiana Secretary of Commerce. “What makes Indiana unique is the abundance of advantages companies find here. From our low taxes and pro-growth policies to our expanding infrastructure and talented workforce, Indiana offers an environment that lets businesses reach the next level in their strategic plans.”
La Porte Mayor Blair Milo said, “This deal is especially gratifying to us as one of our local companies, American Licorice, was extremely helpful in attracting the company. This partnership with our local companies is what makes La Porte a special place to do business.”
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