Governor Tom Corbett has declared that Olympic Steel will be expanding its Franklin County-based steel processing facility, creating at least 90 manufacturing jobs. Corbett stated that due to the economic development efforts and pro-business climate of its State, Olympic Steel decided to make substantial capital investments in the area.
Olympic Steel has considered expansion of operations at its US steel processing facilities along with two in Ohio. The company finally chose its Chambersburg facility for serving the East Coast customers of the company better. The Department of Community and Economic Development offered funding of $400,500 including $40,500 in job training assistance, $180,000 PA First grant and $180,000 in Job Creation Tax Credits.
The CEO and Chairman of Olympic Steel expressed his gratitude to Governor Corbett, the Commonwealth of Pennsylvania, and the Franklin County Economic Development team for their support. Along with the Commonwealth, Olympic Steel is committed to advancement of high-quality manufacturing jobs in America that offer good wages and other benefits enhancing the opportunities of employees and citizens, he added.
The Governor’s Action team or GAT coordinated the expansion. GAT is a group of economic development professionals that directly works with businesses considering expanding or locating in Pennysylvania. The Franklin County Area Development Corporation and GAT worked together to support the expansion of Olympic Steel.
Source: http://www.olysteel.com
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