1-22-21

M id A tlantic Real Estate Journal — Financial Digest— Economic Development — January 22 - February 18, 2021 — 23A E conomic D evelopment Kent Economic Partnership 2020 a Big Year for New

www.marej.com

Manufacturing in Kent County, DE

K

to buy the plant and its 51 acres for $4.25 million. Mary- land-based Shoreline is a PVC fencing fabricator, and Utah- based National Vinyl Products focuses on PVC extrusion. Between the two companies, over 100 jobs were expected to be brought in. Keeping the Old & Adding New Kent County scored another win when the Dover Post sold its longtime 24,000 square foot printing facility to StevenMan- love for $1.4 million in May. Manlove, the CEO of Avalon Industries Inc. and Interna- tional Container Corp., decided

to move his two businesses to the location from Baltimore. Between the two, Manlove expected to bring 40 jobs to the area. Despite the recent wins, the KEP is already gearing up for a big 2021. As far as inventory, Parkowski highlights hun- dreds of acres of land west of Route 1 and east of the Dover Air Force Base Civil Air Ter- minal. There are also several promising industrial sites scat- tered throughout the county, in addition to the shovel-ready Garrison Oak Business & Technology Park just outside of Dover. MAREJ

ENT COUNTY, DE — Located less than two hours away from

Philadelphia, Washington DC, and New York City, Central Delaware is a prime location for new and expanding businesses. Home to over 75 manufactur- ers, Central Delaware has a strong trained workforce ide- ally suited for the manufactur- ing, distribution, warehousing and logistics sectors. With easy access to an excellent highway system, it is no wonder the small state is becoming a man- ufacturing hub for the region. Four M (large cardboard box manufacturer) recently an- nounced its intention to build a massive $80 million facility in Dover. The ‘super plant’ deal is expected to bring about 160 new jobs to the state’s central county. However, it’s only the most recent win in an ongoing streak of manufacturer migra- tions Kent County has scored this year, according to Linda Parkowski, Director of the Kent Economic Partnership (KEP). The KEP has helped facili- tate the influx of manufactur - ers through subsidies, grants and targeted marketing cam- paigns. Continuing the drive to attract these businesses, the KEP hopes to increase the investment in the county and multiply the number of high- quality jobs. Massive Box Plant FourM announced back in late October that it would be building the new 457,000 s/f manufacturing facility on 37.4 acres in Dover. The company’s plan includes closing their plant in Newark, NJ to establish the bigger operation in Delaware. The company says that chief among the factors in its decision- making process was the vari- ous community partners it’d been working with, including KEP, the City of Dover, state of Delaware, Delaware Prosper- ity Partnership and Delmarva Central Railroad. Refilling the Old Paint Plant PPG Industries, Inc., a For- tune 500 paint and coating supplier headquartered in Pittsburgh, shuttered their old facility in Dover, DE. back in 2019. Earlier in 2020, KEP helped refill the space. After several years of search- ing for a suitable replacement, a joint venture of Shoreline Vinyl and NVP stepped forward

Former PPG Plant in Dover

The Mid Atlantic Real Estate Journal will feature Family-Owned Business profiles February 19, 2021 Deadline: February 10, 2021

This is a great feature edition that emphasizes the success of Family-Owned Businesses in the Commercial and Business industry. We would be honored to share your story, your successes and amazing advice you would like to share to other Family-Owned Businesses! There are 3 ways to participate. Please see below for details.

Be a part of this special issue highlighting your business and area of expertise, by telling our readership about your background and your unique success story, advice, and how you made it to the top in your field. Ways to participate : 1. Half Page (8"w x 8 1/4"h) – 500 words along with 3-4 photos wraps around ad - $695 net 2. 2 Facing Full pages- Company Profile 1000 words along with 4-5 photos- $1295 net 3. Quarter page (5"w x 6"h) -2 companies per page along with 250 words with photo - $395 net Rates are based on black & white ads, to run in color, please add $300. Deadline: February 10, 2021 If you are interested or know someone who would like to submit material for inclusion in this special

issue, please call 781-740-2900 or if you prefer email: lea@marejournal.com Let me know if you have additional questions, or would like to reserve space. Contact: Lea or your account rep. Tel: 781-740-2900

Made with FlippingBook - professional solution for displaying marketing and sales documents online