Pacon Corporation Invests $8 Million To Expand Its Production Center In Appleton, Wisconsin
Its expansion project is a result of the company’s acquisition of the assets of the New Jersey-based Roselle Paper Co, which have been relocated to Wisconsin. The company also is spending $700,000 on workforce training.
“Pacon’s mission is to inspire lifelong learning, imagination and artistry for our customers through innovative and inspirational products,” said Jim Schmitz, President/CEO. “The new jobs and equipment position us to better compete in our marketplace while stimulating the Fox Cities’ economy.”
As an incentive, to help secure the new jobs, the Wisconsin Economic Development Corporation authorized Pacon to receive up to $484,000 in tax credits over the next three years. The actual amount of tax credits received is contingent upon the number of jobs created and the amount of capital investment.
“Since it was founded more than six decades ago, Pacon has had a strong history of sustained growth, and I’m thrilled with its continued commitment to Wisconsin,” Governor Scott Walker said. “Last month, we saw Wisconsin add more private-sector jobs than in any month since the 1990s, according to preliminary numbers, and the expansion of Pacon Corporation is more good news for our state.”
“Pacon is a global leader in school supplies and educational aids, and WEDC is pleased to provide the assistance that is helping bring these jobs to the region,” said Reed Hall, Secretary/CEO of WEDC, the state’s lead economic development organization. “Since 2012, WEDC has provided more than $20 million in assistance to Fox Valley companies for projects expected to create or retain more than 4,800 jobs.”
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