Pheonix Packaging creating 145 new local jobs, investing $48.7 million
PULASKI Co., Va. (WSET) - A big expansion is coming to Pulaski County, and bringing jobs with it.
Gov. Terry McAulliffe announced Wednesday that Grupo Phoenix, which makes packaging for the global food and beverage industry, will be investing $48.7 million to expand their subsidiary Phoenix Packaging Operations, LLC, in Pulaski County.
That investment is said to create 145 new jobs.
Virginia beat out Arizona and Mexico for the project.
“Grupo Phoenix is a valued employer in the Commonwealth and we are honored to claim this global business on our corporate roster,” said Governor McAuliffe, speaking at the announcement. “Strengthening the advanced manufacturing sector is a key component of our mission to diversify and build a new Virginia economy. When a world-class manufacturer like Grupo Phoenix continues to invest in the Commonwealth, it is evidence that our efforts are working.”
McAuliffe and other officials met with Grupo Pheonix leadership back in 2016 at a trade a marketing mission to Columbia.
"After meetings and discussions both here and in Bogotá, I am pleased to congratulate Grupo Phoenix and Pulaski County on another outstanding expansion,” said Secretary of Commerce and Trade Todd Haymore. “Grupo Phoenix’s investment is strengthening Virginia’s standing in the growing packaging industry which has created more than 6,600 jobs and over $3.9 billion in capital investment in Virginia since 2007. The New River Valley provides an incredibly strong labor pool, competitive business climate and strategic access to major interstates—all factors that will undoubtedly promote Phoenix’s continued success in the Commonwealth.”
The company established their Pulaski facility in 2010, which was their first in the United States.
“Pulaski County is proud to be home to Phoenix Packaging and its cutting-edge manufacturing processes, and we are so very thankful for its demonstrated commitment to this community and its workforce through its sustained growth of new jobs and capital investments,” stated Jonathan Sweet, County Administrator. “The Board of Supervisors has made it a priority for Pulaski County to become the center of international business and the advanced-manufacturing hub of Southwest Virginia, and with the success of this project, continued assistance and support from the Commonwealth, and further results from our world-class economic development team, we are well on our way to realizing this county’s full potential.”
The Virginia Economic Development Partnership worked with Pulaski County and the New River Valley Economic Development Alliance to secure the project for Virginia.
“The expansion of Phoenix Packaging is a Southwest Virginia success story and is a reflection of the economic potential in our region,” said Congressman Morgan Griffith. “I am proud of Phoenix Packaging Operations, LLC, and its local workforce, for their commitment to Southwest Virginia and their contributions to our local economy.”
Governor McAuliffe approved a $600,000 grant from the Commonwealth’s Opportunity Fund to assist the County with the project.
The Governor also approved a $1 million performance-based grant from the Virginia Investment Partnership (VIP) program, an incentive available to existing companies.
Grupo Phoenix will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and is eligible to receive funding from the Rail Industrial Access Program, administered by the Virginia Department of Rail and Public Transportation.
The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.