VEKA to Expand and Add JobsJuly 31st, 2013 by DWM Magazine
Governor Tom Corbett announced that VEKA Inc. will expand operations, investing more than $6 million to support new growth and add jobs in Beaver County, Pa. VEKA will expand its existing facility to accommodate the installation of new equipment for a new client contract. The project is expected to generate a capital investment in excess of $6 million in infrastructure, equipment and employee training costs. The project is expected to create 38 new jobs and retain another 364 positions at the Fombell facility.
“We are really excited that Pennsylvania has stepped up to assist us in our expansion project to create a new energy-efficient window system for our newest client,” says James Druschel, VEKA vice president, finance and CFO. “VEKA has three manufacturing sites in the U.S. and we decided to expand our operations in Pennsylvania to supply this new customer. Pennsylvania’s assistance was definitely a factor in our decision to expand locally.”
The company received a funding offer from the Department of Community and Economic Development including a $190,000 Pennsylvania First Program grant, $114,000 in Job Creation Tax Credits and a $17,100 Guaranteed Free Training grant which will be used to prepare its new workforce.
The project was coordinated by the Governor’s Action Team (GAT), a group of economic development professionals who work directly with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Pittsburgh Regional Alliance and the Beaver County Corporation for Economic Development.