Starplast USA is planning to invest $17.7 million to develop a new facility in Chesterfield County. The company is a subsidiary of an Israel based company named Starplast.
Governor Ralph Northam of Chesterfield County came up with this announcement. Starplast USA produces a wide range of high-performance plastic products, like plastic housewares, garden storage, and toys. In addition, Virginia was competing with Ohio and Pennsylvania for the project and ultimately came out successful in getting the investment.
300 New Jobs
The new facility is expensed to create more than 300 jobs over the next five years. “We are so pleased to see global manufacturers like Starplast USA planting their roots right here in Virginia,” Gov. Ralph Northam said. The Virginia Economic Development Partnership worked with Chesterfield County and the Greater Richmond Partnership to secure the project.“Starplast chose Chesterfield County for its new manufacturing operation because the geographic location is very attractive, especially given its proximity to the East Coast and the Port of Virginia,” said Starplast Chief Executive Officer Danny Schwartz. “Starplast has a strong history in developing quality plastics products, and we thank the company for creating 300 new jobs in Chesterfield County.” Secretary of Commerce and Trade Brian Ball said this in a statement.
The Israel based company started in 1958. However, it marked its steps in USA in 2005. Starplast USA established its first manufacturing facility in Houston, Texas in 2018, allowing the company to respond optimally to the needs of major U.S. retailers. Currently, the Virginia Economic Development Partnership worked with Chesterfield County and the Greater Richmond Partnership to secure the project for Virginia.
Virginia Jobs Investment Program
This investment is part of USA’s job creation through the Virginia Jobs Investment Program. Moreover, the program provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. The state has funded Virginia Jobs and Investment Program and is demonstrating Virginia’s commitment to enhancing job opportunities for citizens. The company is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Above all, the company will also benefit from the Major Business Facility Job Tax Credit for new, full-time jobs created.
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