Gov. Perry Breaks Ground on Facility Expansion in Corsicana
Gov. Rick Perry helped break ground on a new 150,000 sq. ft. manufacturing facility for Pactiv LLC. This multimillion dollar capital investment will expand Pactiv's current Corsicana operations and create 200 jobs. Earlier this fall, Gov. Perry announced the state would invest $930,000 through the Texas Enterprise Fund (TEF) to finalize this expansion in Texas.
"More than a decade ago, we set out to create a Texas where investors could confidently invest their capital
and expect to see a solid return on that investment," Gov. Perry said. "We set out to create a Texas where job-creators could put down roots and know they wouldn't be tied up in miles of government red tape and regulations, and Pactiv joins a long list of employers who know their company has the opportunity to thrive, and be competitive on a global scale."
Pactiv is the world's largest producer of food service disposables and food packaging, operating 55 manufacturing plants in seven countries. The company will be building a state-of-the-art facility in addition to its existing manufacturing plant. This will be the second site in Pactiv's global network to manufacture Expanded Polystyrene (EPS) cups and containers.
The Legislature created the TEF in 2003 and has re-appropriated funding in every legislative session since then to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state's most competitive tools to recruit and bolster business. To date, the TEF has invested more than $487 million and closed the deal on projects generating more than 66,094 new jobs and more than $17.4 billion in capital investment in the state
For more information about the TEF, please visit http://www.texaswideopenforbusiness.com/incentives-financing/tef.php.
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