By DAVID A. MANN
David.Mann@newsandtribune.com
JEFFERSONVILLE —
Revere Plastics Systems is planning a move to Jeffersonville that will bring 178 new jobs.
Pending finalization of incentive packages, the Ohio-based company is looking to move into a 122,000 square-foot production facility along Maritime Road at the Port of Indiana. It’s hoping to have its operation up and running there by late October, according to James Crews Jr., vice president and chief financial officer.
Revere Plastics makes plastic injection molded parts for home appliances such as refrigerators. It recently entered into a contract with General Electric to supply such parts, he said.
During a Wednesday night meeting, Jeffersonville’s Redevelopment Commission approved a personal property tax abatement. The abatement is to save the company about $500,000 during the next five years, according to Andrea Stevens, assistant director of redevelopment grants and brownfields. However, the company plans to invest about $19 million in the area, she said, including about $6 million in salaries and $13 million in equipment.
The tax abatement will also have to be approved by the Jeffersonville City Council before it’s finalized. The council is expected to consider it Monday.
The board also approved $200,000 in matching funds for a training grant the company is to receive from the Indiana Economic Development Corporation. Stevens said the city competed with Louisville for the company.
“As companies consider their options, we hope the message is clear: Southern Indiana wants your business,” One Southern Indiana Chairman Vaughan Scott said in a press release. “These jobs and this investment are exactly why we work every day to make this community a better place to live, work and raise a family”
Crews said in the release Revere Plastics Systems appreciates the incentive proposals from the city of Jeffersonville and Indiana.
“We’re thrilled the city of Jeffersonville is seeing such positive economic activity,” said Mayor Tom Galligan. “We have the location, infrastructure and resources necessary to be a major player now and in the future.”
Crews said the company is already interviewing some of the key people needed to get the operation started. Once that groundwork is laid, the company plans to have a job fair, inviting applications from the public at large, closer to the time the plant opens.
