Turn5 Expands Operations Center In Chester County, Pennsylvania
Outgrowing its current headquarters in Malvern, Turn5 plans to invest $7,906,000 in its expansion project and lease a new headquarters facility at 600 Cedar Hollow Road, Tredyffrin Township.
“As an e-commerce-based company, Turn5 has embraced technology and innovation to expand its business and provide significant job creation in Malvern,” said MaryFrances McGarrity, Senior Vice President, Business Development. “The IT sector is expected to remain one of the largest employers in the county, which bodes well for Turn5. We are delighted that the company has made the decision to continue its growth trajectory in Chester County.”
“Andrew and I started our business in southeastern Pennsylvania, in our parents’ garage in fact, and we’ve been proud to grow here over the last 15 years,” said Steve Voudouris, CEO & Founding Partner of Turn5, which specializes in parts for Jeep Wranglers and Ford Mustangs. “We look forward to bringing more jobs and more economic development to the region as we continue to serve the auto enthusiast market with our phenomenal team.”
Turn5 received a funding proposal from the Pennsylvania Department of Community and Economic Development that includes a $200,000 Pennsylvania First Program grant, $45,000 in WednetPA funding for employee training, and $366,000 in Job Creation Tax Credits to be distributed upon the creation of the new jobs.
“To see a successful Pennsylvania-born company grow is a true testament to Pennsylvania’s business climate,” said Governor Tom Wolf. “Not only is the company expanding its physical presence, it will also be hiring a significant number of new employees. This will provide jobs to Pennsylvania’s residents and further the company’s contribution to the economic well-being of the commonwealth.”
The project was coordinated by the Governor’s Action Team, in collaboration with the Chester County Economic Development Council.
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