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Scholle IPN Packaging to invest in Smyth County, Va. and create jobs

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Staff Writer | Thursday March 14, 2019 4:31PM ET
Scholle IPN Packaging
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.


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The project will create 42 new jobs. Scholle IPN is one of the world’s largest and most innovative packaging manufacturers; providing sustainable packaging solutions for the food and beverage, agriculture, automotive, cleaning, personal care, and pharmaceutical sectors.

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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