Packaging manufacturer plans 90-person Greencastle plant
Illinois-based Phoenix Closures, a manufacturer of plastic packaging, said that it plans to open a plant in Greencastle that's expected to employ 90 within several years.
Illinois-based Phoenix Closures, a manufacturer of plastic packaging, said that it plans to open a plant in Greencastle that's expected to employ 90 within several years.
"Phoenix Closures could have built this new factory in a number of places, but they chose to do so in the top manufacturing state in the country," Gov. Mitch Daniels said .
Phoenix Closures will begin construction later this year. The plant is scheduled to begin production in late 2012.
The Indiana Economic Development Corp. offered Phoenix Closures up to $800,000 in performance-based tax credits and $200,000 in training grants based on the company's job-creation plans. In addition, the city of Greencastle will consider additional property tax abatement.