Ohio Plastics Firm Receives Grant to Purchase Equipment

The state of Ohio’s Controlling Board has awarded Revere Plastics, Clyde, Ohio, a $75,000 Rapid Outreach Grant. The money will be used for the purchase of machinery and equipment. The grant will result in the creation of 25 new positions in addition to retaining the more than 500 others at the plant.

Revere Plastics will use the grant money to purchase a molding machine and other related equipment, with the company funding the remaining balance of the equipment costs.

Rapid Outreach Grants are a tool that allows the state to move quickly and work together with companies to help attract and retain business opportunities in Ohio that will create new jobs. Revere Plastics was founded in 2005 and is a custom injection molding manufacturer for a variety of industries and products.

In addition, the Controlling Board also released $50,000 to the city of Clyde for roadwork improvements associated with the Revere Plastics project, including the extension of Resco Drive to better accommodate truck traffic and the construction of a new loading dock. The city has committed to funding the balance of the roadwork costs.