Newport News, Va. – Governor Terry McAuliffe announced today that Printpack, one of the largest flexible packaging converters in the United States, will invest $25.7 million to expand its manufacturing operation in the City of Newport News.
Virginia successfully competed against Missouri for the project, which will create 50 new jobs.
“I am thrilled to announce this significant investment in Newport News that will help create jobs and economic activity in a region that has been hard hit by federal defense cuts,” said McAuliffe.
“Printpack’s continued success in Hampton Roads is reflective of the outstanding climate Virginia has to offer manufacturing companies. Creating new jobs in the manufacturing sector is a key component in our efforts to diversify and build a new Virginia economy.”
Headquartered in Atlanta, Printpack is a privately-held manufacturer of flexible and specialty rigid packaging. The company operates 25 manufacturing facilities in the United States, Mexico and China.
The Virginia Economic Development Partnership worked with the City of Newport News to secure the project for Virginia. Governor McAuliffe approved a $150,000 grant from the Commonwealth’s Opportunity Fund to assist Newport News with the project. The Governor also approved a $200,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies.
The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“We are delighted that Printpack has decided to expand its operations in Newport News,” said Mayor McKinley L. Price. “We can all take pride in knowing that the products made by our highly-skilled workforce have impacted citizens around the globe.”