ll Weather Insulated Panels, a manufacturer of insulated metal panels, will expand its manufacturing operation in Monroe County, Pennsylvania. The project will help create at least 70 full-time jobs in the area.
According to state officials, AWIP must increase its insulated metal panel production capacity to better serve customers in Northeastern U.S. The project includes the purchase of an existing building in Stroud Township. The company has committed to investing at least $24 million into the project, and creating at least 70 new, full-time jobs over the next three years.
“All Weather Insulated Panels is very excited to have chosen Pennsylvania as the location for our third manufacturing facility in the U.S.,” said President of All Weather Insulated Panels, Natalia Rizzatti. “This location provides us with a strategic geographic position that will support our ambitious growth plans. A brand-new best in class continuous insulated metal panel production line combined with unparalleled processes and services will ensure we continue to provide the highest quality products and customer experience possible. We are thankful for the support Pennsylvania has provided us to this date and look forward to embarking on this exciting project together.”
AWIP received a funding proposal from the Department of Community and Economic Development for the project. The proposal includes a $315,000 Pennsylvania First grant, $70,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs, and a $78,000 workforce development grant to help the company train workers. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the Governor and work with businesses that are considering locating or expanding in Pennsylvania, with additional coordination through the Pocono Mountains Economic Development Corporation (PMEDC).
“We welcome All Weather Insulated Panels to Pennsylvania and, specifically, to Monroe County,” said Governor Tom Wolf. “The investments being made in business expansion and job creation by the company and the commonwealth will impact both the local community and the local economy, and we look forward to continued investments in the years to come.”
“We are excited to welcome All Weather Insulated Panels to the Monroe County community and look forward to working with them closely as they establish their operations in East Stroudsburg. We appreciate the collaboration and assistance received from Penn’s Northeast, our regional economic development marketing organization, and the Governor’s Action Team. Stroud Township has also been very helpful and accommodating to the company and this has helped the process go very smoothly,” said Chuck Leonard, PMEDC Executive Director.
“All Weather Insulated Panels joins the growing list of companies that are realizing the benefits of moving to NEPA,” said Penn’s Northeast President & CEO, John Augustine. “Our strong and dedicated workforce, transportation infrastructure and low cost of doing business continues to be a driving factor in corporate relocation and expansion decisions. This project could not have happened without the support and teamwork of all of the partners involved. We wish All Weather Insulated Panels all the success in their future growth.”
Originally posted at: https://www.areadevelopment.com/newsItems/9-30-2019/all-weather-insulated-panels-monroe-county-pennsylvania.shtml