Oak Hill Veneer, Inc Expands Its Manufacturing Center In Troy, Pennsylvania
The company will expand operations by constructing a new 15,000-square-foot building and adding a new line of veneer splicing equipment. In addition, Oak Hill will lease a 35,000-square-foot building in the same community where it will install a new line of manufacturing equipment to produce veneer board. The company plans to invest almost $2 million on the project and has also committed to the creation of 73 new, full-time jobs and the retention of 62 current positions over the next three years.
"Oak Hill Veneer, Inc. is very excited about our upcoming expansion project," said Amy Jackson, Project Coordinator. "This project has been months in the making and we are finally able to make an idea a reality. The state's assistance will be used towards the purchase of the new equipment and to help with the construction of the new building at the Oak Hill Veneer, Inc. site. These upcoming projects will create many jobs and bring more business to the community."
The project was coordinated by the Governor's Action Team in collaboration with the Office of International Business Development and the Northern Tier Regional Planning & Development Commission. Oak Hill Veneer received a funding proposal from the Pennsylvania Department of Community and Economic Development that includes $146,000 in Job Creation Tax Credits and a $225,000 Pennsylvania First Program grant.
"Manufacturing has a $79 billion economic impact in Pennsylvania, and is vital to the growth of the middle class," Governor Tom Wolf said. "Manufacturers like Oak Hill Veneer, Inc. are creating good jobs in the commonwealth, and my budget supports manufacturers by increasing funding to programs like the Made In PA job creation tax credit, workforce development, and industry partnerships. In order to continue to thrive, we must highlight the sector that so much of our state's history is based on."
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A