Hagerstown Plastics, located in Richmond, Indiana, will expand into the former Bev’s Threads building located at 621 S. J Street.  The new larger location will allow the company to expand operations, projecting the creation of 6 new jobs.  The larger facility will also allow the company to operate more efficiently and run multiple machines.  Their current facility will be used as a warehouse. The company manufactures a wide range of injection molded products and provides services including complete turnkey projects, part design, design and construction of molds as well as production. 

Hagerstown Plastics is investing $260,000 in the expansion project.  The EDC of Wayne County has provided an EDIT grant of $6,825 from the consolidated EDIT fund to assist in the purchase and renovation of the facility and/or for the training of employees.  Once the EDC Board of Directors approves the application, the request goes before the Wayne County Commissioners for their consideration.

Ken Paust, President of the Wayne County Commissioners says “the expansion of Hagerstown Plastics not only represents growth and investment for Wayne County, but brings a vacant building back into use.”

Richmond Mayor Sally Hutton adds “I am so encouraged by the talent and ability of our existing businesses in Richmond and Wayne County.  Hagerstown Plastics demonstrates that even in this economy, growth is possible.  I am thrilled they are choosing to expand right here in Richmond.”

Since January of 2009, the EDC of Wayne County, through its EDIT fund, has assisted existing businesses in the commitment to the retention and creation of over 148 jobs and provided training assistance funds to 12 companies.  These projects have resulted in over $13.3 million in new investment in Wayne County. The county’s consolidated EDIT fund comes from funding provided by partnering towns in Wayne County who have agreed to provide half of their EDIT proceeds yearly for county-wide economic development.  Partners in county-wide economic development currently include the towns of Cambridge City, Centerville, Economy, Milton, Mt. Auburn, Richmond, Whitewater and Wayne County.