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Packaging Specialties seeks county support for $24 million expansion, 100 jobs
Summary
Packaging Specialties presented a plan to expand its Fayetteville operations, seeking a sales-tax rebate ("tax-back") tied to equipment purchases; company representatives said the project would add about 100 jobs and $24,000,000 in investment while city and county officials described the incentive as a local economic development tool.
Packaging Specialties representatives told the Washington County County Services Committee that the company plans to expand its Fayetteville operations and expects to invest about $24,000,000 in facilities and machinery over the next three to five years, creating roughly 100 new jobs.
"We expect to spend about $24,000,000 additional on just the facility and our machinery," said Nick Gugliomi of Packaging Specialties. Marketing and economic development partners said the firm already employs about 240 people in Washington County and about 480 nationwide.
City economic developer Chung Tan described the local economic rationale for a sales-tax rebate, known in the meeting as the "tax-back" program.…
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