Revere Plastics Systems plans possible expansion in Jeffersonville
Company to go before Jeffersonville Redevelopment Commission this evening
JEFFERSONVILLE, Ind. – (August 10, 2011) – One Southern Indiana is pleased to announce plans by Clyde, Ohio-based Revere Plastics Systems, LLC to expand operations into Jeffersonville. Upon approval of pending incentive packages from Jeffersonville and the State of Indiana, Revere Plastics Systems, LLC is considering plans to move into an existing 122,000 square-foot production plant.
“As companies consider their options, we hope the message is clear: Southern Indiana wants your business,” said Vaughan Scott, Chairman of One Southern Indiana. “These jobs and this investment are exactly why we work every day to make this community a better place to live, work, and raise a family. Welcoming high caliber companies to our corporate community brings us closer to that realization.”
Revere Plastics Systems is considering adding a Jeffersonville production plant due to opportunities with current and new customers in the Louisville area. The move would bring 178 new jobs to Southern Indiana along with a $13.4 million personal property investment. Plans include the request for a five-year tax abatement, while a $200,000 training grant is being proposed by the City of Jeffersonville for approval by the Redevelopment Commission this evening.
“Revere Plastics Systems appreciates the attractive incentive proposals from the City of Jeffersonville and the State of Indiana. Jeffersonville is one of two locations being considered for a new manufacturing facility in the greater Louisville area. We are moving quickly to finalize a site and anticipate beginning production this year,” said Jim Crews, Chief Financial Officer for Revere Industries.
“We’re thrilled the City of Jeffersonville is seeing such positive economic activity,” said Mayor Tom Galligan. “We have the location, infrastructure, and resources necessary to be a major player now and in the future. We thank Revere for their potential investment and look forward to them joining our business community.”
Through the coordination of One Southern Indiana, Revere Plastics Systems officials will appear before the Jeffersonville Redevelopment Commission this evening at 5:30 p.m. The outcome will determine the company’s eligibility to request local tax incentives at the Jeffersonville City Council meeting on August 15.
About One Southern Indiana:
One Southern Indiana is a business advancement organization dedicated to supporting entrepreneurship, existing business growth, and attracting new enterprises to the Southern Indiana/Greater Louisville region. Representing more than 1,200 businesses, One Southern Indiana provides its clients with business intelligence, advocacy, and connections solutions in support of regional business innovation. Since its creation in July 2006, One Southern Indiana’s economic development efforts have resulted in commitments for approximately 6,498 net new jobs in Clark and Floyd Counties. A total of 78 attraction and expansion projects have contributed more than $350 million in new initial capital and over $225 million in new annual payroll to Southern Indiana. To learn more, please visit www.1si.org.
About Revere Plastics Systems, LLC
Revere Plastics Systems (RPS), is a subsidiary of Revere Industries, one of the largest custom plastics injection molders in North America. RPS is the largest supplier of plastic injection molder parts for the U.S. appliance industry as well as supplying the automotive, business equipment, power equipment and electronic markets. The company operates manufacturing facilities in Ohio, Missouri and Ontario, Canada and sales office in Michigan. To learn more, please visit www.revereindustries.com.