From the Northwest Indiana Times:
A paper and
packaging company plans to locate a new paper-recycling plant in northwestern
Indiana, creating up to 137 new jobs by 2018.
Economic Development Corp. said Tuesday that Pratt Industries will invest $260
million to build the recycling plant next to its existing box-making plant in
capacity, the new mill is expected to produce 360,000 tons of recycled paper
offered Pratt up to $1.2 million in conditional tax credits and up to $200,000
in training grants based on job creation. Northern Indiana Public Service Co.
offered $15 million in energy and infrastructure incentives, and the city of
Valparaiso will consider tax abatement.
Ga.-based Pratt currently employs more than 320 workers in Valparaiso, located
about 15 miles southeast of Gary.