10C — January 26 - February 8, 2018 — Economic Development — M id A tlantic
Real Estate Journal
www.marejournal.com
P ocono M ountains
New Projects bring investment and jobs to Monroe County in the Pocono Mountains
Terrafina LLC relocating to PA, Creating 120 Jobs inMonroe County
American Tire Distributors brings 80 jobs to Tobyhanna Twp.
H
ARRISBURG, PA —Governor TomWolf announced that Ter-
New PMEDC WEBSITE launching in FEBRUARY
rafina LLC, a food manufac- turer of healthy snack options, will be relocating its opera- tions from New York City into East Stroudsburg, Monroe County, and will create 120 new Pennsylvania jobs. “The strong economic cli- mate in Pennsylvania, com- bined with our prime location in the heart of the Northeast and low cost of doing business, provides manufacturing com- panies that choose to locate here with a distinct advantage over their competitors,” said Governor Wolf. “I welcome Terrafina to Pennsylvania and toMonroe County and look for- ward to continue to work the company to help them achieve even greater success.” Terrafina will purchase a 72,000 s/f facility in East Stroudsburg due to lower operating costs in Pennsyl- vania as well as the company outgrowing space constraints in NYC. The project includes the purchase of the building, renovations, and the purchase of equipment, computers, and furniture. The company will invest over $4.1 million into the project. “As we have aggressively expanded in the last couple of years, we are excited to take EAST STROUDSBURG, PA —Smithfield Gateway – The total development of Smithfield Gateway will com- prise approximately 120 acres, including 90 acres on the west side of State Rte. 209 and 30 acres on the east side of State Rte. 209 in Smithfield Town- ship, East Stroudsburg PA and it is off of Exit 309 of I-80. The project will be done in several phases: Phase I will be a retail project on 28 acres, fronting SR 209. Phase II will consist of a multi-family development on 27 acres, 20 acres devoted to office and professional space, and 12 acres of commercial development. A major internal road is being constructed that will connect State Rte. 209 to State Rte. 447. The internal road will inter-connect Phase I and Phase II.
www.pmedc.com
American Tire Distributors rendering
the next step and increase our production capabilities at least five-fold to grow and provide even more amazing products for our rapidly expanding customer base,” said Terra- fina founder and CEO James Locke. “The acreage, strategic location for production, and distribution amenities offered in East Stroudsburg in north- east Pennsylvania fit our ex- pansion plans perfectly. Also, as we consider sustainability and our carbon footprint in our growth model, we’re pleased that more than half of our energy needs will be met by a solar panel system on the roof.” Terrafina received a funding proposal from the Department of Community and Economic Development for $240,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs and $54,000 in WEDnetPA employee training funding. With the assistance of
Pocono Mountains Industries, D/B/A PMEDC, the company will apply for a $2,040,000 low-interest loan from the Pennsylvania Industrial De- velopment Authority (PIDA) to assist with building and equipment costs. The project was coordinat- ed by the Governor’s Action Team, an experienced group of economic development profes- sionals who report directly to the governor and work with businesses that are consider- ing locating or expanding in Pennsylvania. Established in 2005, Terra- fina is a sustainability-focused food manufacturer offering a variety of health snack op- tions under its own brands and under private labels. Its core business is blending nuts, dried fruits, and trail mixes, and offers a number of pack- aging options from tubs, bags, and displays to private, con- tract, and bulk packaging. n
American Tire Distributors groundbreaking
Pocono team. We selected this location not only because of its excellent geographic loca- tion but also because of the outstanding support of the local government leadership in generating economic devel- opment,” said Mark Chandler, senior vice president – Supply Chain at American Tire Dis- tributors. The distribution center will bring job opportunities in management and warehouse operations. “This economic development project creating new jobs was made possible by the continu- ing assistance of Senator Mario Scavello, Representative Jack Rader, and the Pocono Moun- tain Economic Development Corporation,” concluded Town- ship Manager Jablowski. Chuck Leonard, PMEDC Executive Director added, “We must credit the SIDE Corpora- tion and the Sincavage Family for their patience and dedica- tion to the development of this site. We have worked closely with them for years in market- ing, permitting and obtaining funding for this and we are now seeing the results. SIDE Corpo- ration has been a true partner in the process.” SIDE Corpo- ration has developed the New Ventures Commercial Park that includes this property. n
BLAKESLEE, PA — 80 new permanent and 120 con- struction jobs are coming to
Tobyhanna T o w n s h i p with the an- nouncement of the con- struction of a one million square foot distribution c ent er f or
Chuck Leonard
DEPG Associates to develop Smithfield Gateway Monroe County | Pennsylvania Route 209 Smithfield Township SMITHFIELD GATEWAY
American Tire Distributors located in New Ventures Park in the Village of Blakeslee. The new facility is set to open by the end of 2018 and will service American Tire Distributors customer’s in the northeastern United States and eastern Canada regions. The Tobyhanna Township community is proud to partner with such a responsive, grow- ing company. Private invest- ment of over $70 million in this project was coupled with $1.7 million in state infrastructure assistance to create a new vil- lage gateway in Blakeslee at State Rte. 115 and the entrance to New Ventures Park at Com- mercial Boulevard. “American Tire Distributors is excited about the opportunity to be a part of the Tobyhanna Township community and are set to welcome 80 new associ- ates that will be joining the
PROPERTIES INC. LEGEND COMMERCIALREALESTATE
RETAIL 30,000SF
RETAIL 25,000SF
RETAIL 50,000SF
Smithfield Gateway site plan
Phase III is located on the east side of State Rte. 209 and will be an additional 120,000 s/f. The project is being devel-
oped by DEPG Associates out of PlymouthMeeting, PA who has completed several other large retail development projects in Monroe County. n
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