Richmond Company Seeks Incentives for Expansion
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
A Richmond-based manufacturer plans to invest nearly $6.5 million to expand its Wayne County operations. The Palladium-Item reports Vandor Corp. is seeking multiple tax abatements for the project, which would create nearly 30 jobs.
Vandor is looking to invest $1.8 million to build a more than 17,000-square-foot addition to its facility on Rich Road, according to the publication. The remainder of the planned investment will cover new manufacturing and IT equipment.
The company has multiple divisions that manufacture caskets and casket interior components, as well as reels for wire & cable, cordage, and fiber optics, and a plastics subsidiary that focuses on single-shot and multi-shot injection molding.
The publication reports six abatement requests were introduced this week to the Richmond Common Council for consideration.
You can read the full story from the Palladium-Item by clicking here.