2012 has been good to Summit County in terms of job growth, and it's still early.
That's what Summit County executive Russ Pry says about Monday's announcement that Newell Rubbermaid will add nearly 140 jobs and invest $25 million in its facility on Gilchrist Road in Mogadore.
"It will be 140 new manufacturing jobs," Pry tells AkronNewsNow.com, "and anytime we have new jobs and new growth here, it's a good day for the county.
Pry tells AkronNewsNow that you can add the Newell Rubbermaid announcement to other good economic news from Goodyear, the Austen BioInnovation Institute, Summa and Diebold as a great start to the county's economic year.
The expansion at Newell Rubbermaid in Mogadore may not be the final piece of the economic puzzle. The company is actively looking for a new warehouse location in the area.
"There is still ongoing discussion with various political subdivisions, in terms of an additional warehouse facility for Newell Rubbermaid," Pry tells AkronNewsNow.com. "and so, that's still ongoing. So, that could also represent, once those decisions get made, additional new jobs here in the area."
To Mogadore, Newell Rubbermaid is becoming as important as it once was, to its former home base of Wooster.
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The owners of Rubbermaid announcing the addition of nearly 140 full-time jobs to it's operations in Mogadore, part of a $25 million dollar investment.
The announcement follows recent news the company was withdrawing from operations in the Wooster area. At the time, the company noted the Mogadore facilities had advantages toward expansion.
The company already employs over 700 workers at the plant on Gilchrist Road. The Ohio Tax Credit Authority approved a 75% 15-year credit for the company in exchange for Newell Rubbermaid's commitment to the facility in Mogadore. The state agency's decision came in connection with 17 projects, including retention of jobs at Allstate's Hudson operations.
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(Newell Rubbermaid/Greater Akron Chamber of Commerce) Newell Rubbermaid today announced plans to add nearly 140 full-time jobs and invest over $25 million in its Rubbermaid manufacturing facility on Gilchrist Road in the Village of Mogadore. The investment will include the purchase of new machinery and equipment, as well as infrastructure improvements. Newell Rubbermaid currently employs over 700 workers at the facility.
“I am excited at the opportunity this expansion represents for the Village of Mogadore and Summit County, in particular the number of new jobs this project will bring to our area,” stated Russ Pry, County Executive for the County of Summit. “We will continue to make job creation and economic development a priority in Summit County, and we will continue to work with our partners to enhance economic opportunity in the region.”
The Job Retention Tax Credit was a major factor in Newell Rubbermaid’s decision to invest in its current operations in the Village of Mogadore. The State of Ohio was in competition with Kansas for this major project. The Ohio Tax Credit Authority approved a 75%, fifteen-year Refundable Ohio Job Retention Tax Credit to Newell Rubbermaid as part of the company’s commitment to retaining its facility in the Village of Mogadore.
“Rubbermaid has a long history of investing in Ohio and we appreciate the strong partnership we have with the State of Ohio, the County of Summit and the people of Mogadore,” said J.B. Broadous, Director of Operations for Newell Rubbermaid Mogadore. “Together with our dedicated employees, we are proud to continue to offer our consumers innovative and quality products made in the U.S.A.”
Michael A. Rick, Mayor of the Village of Mogadore, commented, “I am thankful to the Mogadore Village Council, Summit County Executive Russ Pry and the State of Ohio for working together to come up with the financial incentives that helped ensure the expansion of manufacturing operations at the Gilchrist Road facility.”
Newell Rubbermaid is a global marketer of consumer and commercial products with a strong portfolio of leading brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody®, Rubbermaid Commercial Products® and Aprica®. The company’s Mogadore facility produces Rubbermaid branded food storage and home organization products.
“Newell Rubbermaid’s investment in Mogadore is yet another example of a Fortune 500 company that has reinvested in our community over the past year,” stated Rick Rebadow, Executive Vice President for the Greater Akron Chamber. “Their commitment to maintain and create manufacturing jobs is a strong testimonial to the business climate that both the public and private sectors have cultivated on a regional scale.”