Scholle IPN Packaging to invest in Smyth County, Va. and create jobsStaff Writer |
America Scholle IPN will be eligible to receive Sales and Use Tax exemptions
Scholle IPN Packaging will invest $10.29 million to expand its production facility in Smyth County, Va.
The company is committed to making products safe and accessible while minimizing waste and extending shelf life.
Headquartered in Illinois, Scholle IPN operates in 14 countries with over 2,000 employees worldwide.
The Virginia Economic Development Partnership worked with Smyth County, the Virginia Industrial Advancement Alliance, the Virginia Tobacco Region Revitalization Commission, and the Virginia Port Authority to secure the project for Virginia.
Governor Northam approved a $125,000 grant from the Commonwealth’s Opportunity Fund to assist Smyth County with the project.
The Tobacco Region Revitalization Commission approved $195,000 in Tobacco Region Opportunity Funds.
Scholle IPN will be eligible to receive Sales and Use Tax exemptions on manufacturing equipment, as well as benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program.
The company also qualifies for state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. ■
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