HARRISBURG, Pa., July 26, 2011 /PRNewswire-USNewswire/ -- Governor Tom Corbett announced today that state economic development efforts will enable Coll Materials, LLC – a post-consumer and post-industrial recycling company – to open a Northeast United States service facility in the Lehigh Valley, bringing 75 new jobs to the region.
"Our investments have led to a national recycling leader setting up shop in the Lehigh Valley resulting in new investment and significant job creation," Corbett said. "By creating 75 jobs, occupying over 100,000 square feet of office space and injecting more than $4 million in private investment into the local economy, this project will positively impact the region."
Coll Materials will lease a 105,000 square-foot facility in South Whitehall Township, Lehigh County, to account for rapid growth and to service the northeastern United States. The $4 million project will create at least 75 new jobs within three years.
The company received a $333,750 funding offer for the project from the Department of Community and Economic Development, including a $150,000 opportunity grant, $33,750 in job-training assistance, and $150,000 in job-creation tax credits.
The project was coordinated by the Governor's Action Team or GAT, a group of economic development professionals who work directly with businesses that are considering locating or expanding in Pennsylvania. GAT provides site-selection assistance, coordinates the involvement of other state agencies as needed, and packages the appropriate economic development funding for the project.
"Coll Materials is delighted to have the opportunity to expand our business to Pennsylvania. The commonwealth, the Governor's Action Team, the Lehigh Valley area economic development representatives and South Whitehall Township officials have all been tremendously helpful. We've received competitive incentives and prompt responses to our many questions," said company president Brian Coll.
Coll Materials is a post-consumer and post-industrial plastic recycling business serving North America. Plastic waste from waste haulers, recyclers and landfills is purchased by the company, processed, and then sold to a variety of plastic manufacturers in flake and pellet form. Since its inception in 2008, the company has experienced rapid growth with estimated gross sales of $48 million in 2011.
For more information on Coll Materials, visit http://www.collmaterials.com.
For more information on the Governor's Action Team and other Department of Community and Economic Development programs, visit www.NewPA.com or call 1-866-466-3972.
Kelli Roberts, Governor's Office; 717-783-1116
Steven Kratz, DCED; 717-783-1132
SOURCE Pennsylvania Office of the Governor