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Mayor Moore Comments on Penn Compression's $3M Expansion in Smithfield
01/02/2018

 

Many have heard me say from time to time, that great things are happening in Smithfield, and that there are also some great things in the works. An example - is this morning at 10:00 the Town Council met jointly with the Johnston County Commissioners in order to conduct a public hearing on an Economic Development Incentive Grant for a local Smithfield industry. I’m pleased to share that today Penn Compression Molding, Inc. located on Component Drive in Smithfield, announced a $3 million expansion of its Smithfield facility. The national manufacturer of custom molding thermoset composites plans to add 30,000 sq ft of production space, which will result in the addition of 30-40 new jobs.

A couple of weeks ago I had a Facebook Memory from December 11, 2015 pop up on my cell phone. It was from the Welcome Board in the front lobby of Penn Compression Molding, Inc. It stated Welcome Mayor Andy Moore, Councilman Perry Harris and Chris Johnson, Director of Johnston County Economic Development.  This marked my first official industry visit as Mayor  promoting our Economic Development initiative. In most cases Economic Develop doesn’t just happen overnight, sometimes it takes years of planning, meeting, negotiating, and more planning before projects ever get off the ground. In this particular case, it took approximately 2 years. The main thing is that we continue to progress, cross hurdles and move forward together – businesses and government hand in hand!

The Town of Smithfield is eager to continue to partner with and collaborate with county leaders and businesses in efforts to grow our local economy. The expansion of a major industry like Penn Compression highlights the convenience, cost competitiveness, workforce quality and other advantages available to businesses of all kinds in our community. We are thrilled that Penn Compression CEO Daniel Leslie has chosen Smithfield for his company’s expansion.  It has been one of my goals as Mayor to boost our local economy.  Investing in our community and providing our citizens job opportunities ultimately improves their quality of life and that of the town as a whole. I want to thank Tim Kerigan, Mike Scott, Chris Johnson, Perry Harris, the Town Staff, the Town Council, Chairman Jeff Carver and the Johnston County Commissioners for making this happen, and for helping to make Smithfield an even better place to live, work, play and stay.  There are many other great things yet to come – stay tuned and Stay Involved!

Sincerely,

 

Mayor M. Andy Moore


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