The family-owned, flexible-packaging converter is investing $170 million in the facility, while Empire State Development Corp. is kicking in up to $14.7 million in performance-based incentives. The incentives include $7.7 million in Upstate Revitalization Initiative grants and $7 million in Excelsior Jobs Program tax credits.
Rochester Gas and Electric Corp. provided the company with up to $870,000 in grant funding for infrastructure and the County of Monroe provided tax exemption benefits through the County of Monroe Industrial Development Agency.
“We are thrilled to be expanding our business in the Greater Rochester area,” says American Packaging president/CEO Peter Schottland. “American Packaging is headquartered here, and this is where my family calls home, so being able to grow here and provide great job opportunities in the area is something we are particularly excited about.”
In addition, the facility will create more than 100 construction jobs and ensure that the 170 employees currently working at the company’s Rochester plant are retained.