Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Genpak LLC and Jim Pattison Developments, Inc. The Ohio Enterprise Zone law O.R.C. Section 5709.62 (C) requires the City to enter into a Council-approved agreement between the City and participating companies.
Founded in 1969, and headquartered in Glens Falls, New York, Genpak LLC is a manufacturer that serves the foodservice packaging industry. Genpak provides packaging materials to various markets, including snacks, pasta, confectionery, medical, cookie, lawn and garden, bottle labels, pet foods and coffee. The company provides foam-and deli-hinged containers and paper portion and plastic creamer cups. Genpak LLC also offers microwave safe containers, bakery and food trays, and serving bowls. The company provides low-density film and bag products. Its harvest collection offers a range of biodegradable products, including compostable food containers, cups and dinnerware items. Its PartyTime brand offers lids and bowls. The company started with one manufacturing facility located in Middletown, New York and has since expanded to 18 facilities throughout the United States and Canada, including an existing facility in Columbus, Ohio. Jim Pattison Developments, Inc. is the parent company for Genpak LLC and will provide the investment for the project.
Jim Pattison Developments, Inc. is proposing to invest approximately $12.8 million in project costs, which includes new construction, building improvements, machinery, equipment, inventory, furniture and fixtures to expand its existing operation approximately another 200,000 square feet, while Genpak LLC will create 14 new full-time permanent positions with an estimated annual payroll of approximately $412,880 and retain 89 full-time employees with an estimated annual payroll of approximately $3.58 million at the project site known as 845 Kaderly Drive, within the City of Columbus Central Enterprise Zone.
The Department o...
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