Local Industry Expanding, Adding Jobs
August 10th, 2013 by Sarah Spencer
At the Monticello Economic Development Commission’s monthly meeting, Nita McDaniel expounded on the recent city council meeting announcement that Hood Packaging is in the process of going through another expansion, which will add an estimated 12 new jobs, with an estimated hourly wage of $16
Hood will be investing between between $2M and $4M to add an additional product line. This will create 12 new full time jobs. AEDC has committed $250,000 in forgivable loans to help offset the costs of the expansion project, and on July 25th, the City Council approved an additional $100,000 in forgivable loans from the City war chest to assist with the expansion project as well.
As the planning of this expansion is on-going, new needs continue to develop, and the commission will be meeting soon to discuss these new aspects of the expansion.
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