A $8.2 million endowment has been awarded to Northeast Precast, LLC, as part of the GROW NJ initiative, marking the eighth entry for a business in Cumberland County to the statewide program.
The concrete manufacturer recently completed its plans to expand operations at the Lascarides Industrial Park in Millville, where they added five acres of land to the 20 already owned by the company.
The new property is now home to a 50,000 square foot manufacturing facility, made possible through the GROW NJ program. Fifty new jobs are expected as a result of the expansion.
“This expansion allows us to keep up with demand of our current product lines, and expand our efforts with new products such as pile caps for bridges, nuclear plant security products, and more,” reported Northeast Precast President, John Ruga.
Northeast Precast worked closely with the Cumberland County Improvement Authority to coordinate plans for the expansion.
“The Cumberland County Improvement Authority helped bring together officials at the city, county and state levels, as well as presented information on available incentives like the GROW NJ tax incentive program, which Northeast Precast was awarded,” noted James Watson, Director for Construction and Economic Development in Cumberland County. “We are delighted to be part of helping Northeast Precast grow here in Cumberland County,” he continued.
Cumberland County Freeholder Director, Joe Derella, recognized the collaborative effort of industries and government authorities that stimulate economic growth. “This is another great example of private industry and government entities working hand-in-hand to help bring jobs into the county, along with more tax ratables, both of which are greatly needed,” stated Derella.
For more information on Northeast Precast, visit www.NortheastPrecast.com.