Company opens Indiana plant.Petoskey Plastics, a plastic bag maker and recycler, has announced plans to open a 200,000-square-foot manufacturing facility in Hartford City Hartford City can refer to:
The company designs and makes industrial and retail HDPE HDPE abbr. high-density polyethylene (high density polyethylene High-density polyethylene (HDPE) is a polyethylene thermoplastic made from petroleum. It takes 1.75 kilograms of petroleum (in terms of energy and raw materials) to make one kilogram of HDPE. ) film products, including automotive supplies, compactor and carry-out bags and private label trash bags, for customers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia. "The Hartford City, Ind., location will be instrumental in growing our business," Paul Keiswetter, president of Petoskey Plastics, says. "We chose Indiana because the state is strategically located for distribution activities and provides ready access to a quality workforce--both of which are important for our strategic growth." The Indiana Economic Development Corp. (IEDC IEDC International Economic Development Council IEDC Indiana Economic Development Corporation ) and Hartford City provided incentives to assist with the project. The IEDC offered incentives including up to $30,000 in training grants, up to $100,000 in infrastructure assistance and approximately $120,000 in tax credits based on job creation and capital investment. Hartford City will provide the company with a 10-year tax abatement on real and personal property and up to $565,000 for off-site infrastructure improvements. |
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