Inside INdiana Business is reporting that the Lebanon City Council has approved an incentive package for Pennsylvania-based U.S. Corrugated Inc. to bring an operation to the Boone County city. The corrugated packaging producer plans to invest about $75 million in the project, which would include about 140 new jobs.
The Boone County Economic Development Corp. says the new positions are expected to pay a more than $20 per hour average wage. A spokesperson for the organization says the seven-year personal property abatement will save the company around $1.3 million, while providing more than $1.8 million in benefits to the community.
U.S. Corrugated currently has operations in California, Georgia, Wisconsin, Tennessee, New Jersey and Tijuana.