SeaTac Packaging, which has provided its customers with bags for transporting food, animal feed, seeds, cement mix, and more since 1994, has closed on a $10 million Industrial Development Revenue Bond to expand its operations and bring more jobs to Pierce County.
Puyallup-based SeaTac Packaging employs 100 workers, and sells its products across the United States, Canada, and the Americas. The bond will be used to finance a portion of SeaTac Packaging’s new 102,000-square-foot manufacturing facility, soon to open in the Frederickson Industrial Area. SeaTac Packaging’s multi-million-dollar investment to fund the expansion created roughly 100 construction-related jobs and will mean 50 new permanent jobs for the company.
“The IDRB financing makes it possible for us to invest in new capital equipment that will make our operations even more efficient,” stated SeaTac Packaging President David Huang. “It will also allow us to begin commercial printing, using water-based, food-safe processes that are safe for the environment.”
Thumbnail photo by Ruchindra Gunasekara on Unsplash.