Berry Plastics announced today that it is investing $31 million it its Indiana facilities.
As 14News was first to report last night, the move will result in 280 new jobs in Evansville which will pay $18.50/hour.
The announcement is part of an overall plan to relocate equipment and related production from out-of-state locations to four Indiana manufacturing operations, which will create a total of 336 new jobs by the end of 2014.
Berry will invest more than $21 million for new infrastructure and equipment, and will also invest $10 million to transfer existing equipment from Berry Plastics facilities outside Indiana to its downtown Evansville, Evansville airport, Princeton and Richmond facilities.
The company will begin filling production jobs at the four Indiana locations early this year.
"The relocation of production equipment to Vanderburgh, Gibson and Wayne counties from other Berry facilities supports our restructuring efforts, announced in November 2013, to optimize our manufacturing operations, maximize production efficiencies and best service to our customers," said Jon Rich, chairman and chief executive officer of Berry Plastics. "We are extremely appreciative of Indiana's city, county and state officials for their joint support of this initiative."
The Indiana Economic Development Corporation has offered Berry Plastics Corporation up to $2,350,000 in conditional tax credits and up to $300,000 in training grants based on the company's job creation plans.
These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
The City of Evansville will consider additional tax abatement at the request of the Growth Alliance for Greater Evansville (GAGE).
"Berry Plastics continues to demonstrate its commitment to our city with another major expansion that will create hundreds of new production jobs at its Evansville facility. The partnership between the city and Berry Plastics has produced new investments exceeding $64 million and a total of 395 production jobs over the past two years," said Evansville Mayor Lloyd Winnecke.
Today's expansion announcement is Berry's fourth in five years. In 2011, Berry Plastics announced plans to grow its world headquarters workforce in Evansville by 120 associates.
That same year, it also made plans to add a $5 million production line to increase manufacturing capacity at its operations in Odon, Indiana.
In 2009, the company unveiled plans to hire 360 employees and invest $150 million to expand its thermoform operations and build an additional facility in Evansville.
Berry Plastics employs approximately 2,800 associates in Indiana and more than 15,000 worldwide.
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