Newspaper article Sarasota Herald Tribune

Intertape Picks Spot for New Factory

Newspaper article Sarasota Herald Tribune

Intertape Picks Spot for New Factory

Article excerpt

NORTH CAROLINA EXPANSION

SARASOTA COUNTY -- Intertape Polymer Group, the Canadian packaging company with corporate headquarters off Fruitville Road, has selected Cabarrus County, North Carolina, for a new $40 million manufacturing plant.

The company will create 49 jobs at the facility that will make its water-activated tapes.

Intertape revealed earlier this month that it would build a new plant in the Southeast, but withheld the exact location pending final approval of state and local economic incentives.

Code-named "Project Burgundy" by the the Cabarrus Economic Development Corp., Intertape will receive $1.2 million in property tax breaks to open the facility by the end of next year near the town of Midland, about 20 miles outside of Charlotte.

"Businesses are turning to Cabarrus County, and we are ready," said County Board of Commissioners Chairman Steve Morris. "Intertape Polymer Group will sit just outside Midland -- an area coveted by locals, but secret to much of the world. …

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