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Berry Plastics to spend $31M on expansion, hire 336 workers

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Evansville-based Berry Plastics Corp. plans to spend more than $31 million to beef up four of its Indiana manufacturing operations, creating up to 336 new jobs by the end of this year.

The manufacturer of plastic packaging intends to invest $21 million on new infrastructure and equipment in the expansion at the four facilities, according to state economic development officials. They are located in downtown Evansville, at the Evansville Regional Airport, and in Princeton and Richmond.

The firm also expects to spend $10 million to transfer existing equipment from out-of-state operations to the four locations.

In November, the company announced that it would close five plants in a cost-cutting move, according to the Evansville Courier & Press. Three of the plants were in Houston; Kent, Wash.; and Alsip, Ill. The other two plant locations have not been reported.

Founded in 1967, Berry Plastics employs about 2,800 workers in Indiana and more than 15,000 worldwide. The firm is a major manufacturer of plastic packaging, including containers, bottles, prescription vials and trash bags.

In its 2013 fiscal year, it recorded $4.6 billion in sales.

The Indiana Economic Development Corp. has offered Berry up to $2.35 million in conditional tax credits and $300,000 in training grants based on the company’s job-creation plans.
 

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  • What?
    How are tax dollars being shifted from the poor to the rich here? These are hiring INCENTIVES, meaning they get incentives to hire and employ MORE people,incentives on a per employee basis, only paid out when their goals are reached and thus expanding the tax base which results in longer tax revenue. How are tax dollars going to the rich in this situation? Seems to me they're investing those incentives in new employees. And by "the rich", are you referring to the successful individuals that worked hard to build and grow Berry Plastics into a great company? Which will now employ up to 336 more people?? Yeah, what awful people they are to be so selfish, creating a successful company that serves the needs of it's clients and provides income to so many. Successful business people in America are soooo un-American, always expanding their businesses, creating jobs, spending money, and building community. Shame on them. DOWN with success in America! Give everything away for free! Redistribute all the wealth to those who haven't earned it!
  • Here we go again
    More tax dollars shifted from the poor to the rich....way to go Indiana AND, will these "jobs" actually be created? That is the question

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