Petoskey Plastics announced plans to open a manufacturing facility in Hartford City, Indiana. Petoskey is a plastic bag manufacturing and recycling company.
The facility will be around 200,000 square feet. The company designs and manufactures industrial and retail HDPE film products for customers in North America, Europe and Asia. Its products include automotive supplies, compactor and carryout bags, and private label trash bags.
"The Hartford City, Indiana location will be instrumental in growing our business. We chose Indiana because the state is strategically located for distribution activities and provides ready access to a quality workforce-both of which are important for our strategic growth," said Paul Keiswetter, Petoskey Plastics’ president.
The Indiana Economic Development Corporation and Hartford City provided incentives to assist with the expansion project. The IEDC offered incentives including up to $30,000 in training grants, up to $100,000 in infrastructure assistance to the local community and approximately $120,000 in tax credits based on job creation and capital investment. Hartford City will provide the company with a ten-year tax abatement on both real and personal property and up to $565,000 for off-site infrastructure improvements.
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