A significant milestone has been reached in the efforts to attract a prominent snack food manufacturer to Montgomery County. Shearer’s Foods, a well-known brand in the snack industry, has secured a substantial financial boost through federal New Markets Tax Credits worth .5 million. This funding will support the development of a new facility in Moraine, which is part of an ambitious project codenamed “Project Crispy.” The investment is expected to exceed 5 million and create 250 full-time jobs. The chosen location for this expansion is the former General Motors Plant on Stroop Road, signaling a major transformation for the area.

Financial Support Paves Way for Industrial Growth

The acquisition of .5 million in federal New Markets Tax Credits represents a crucial step forward for Shearer’s Foods. This financial injection will facilitate the establishment of a state-of-the-art production facility in Moraine. The tax credits are designed to stimulate economic growth in underserved areas, making it an ideal fit for the chosen location. The company plans to leverage this funding to modernize operations and expand its product line, thereby enhancing its market presence.

By securing these tax credits, Shearer’s Foods can now proceed with confidence in transforming the vacant General Motors Plant into a bustling center of activity. The renovation and adaptation of the existing infrastructure will not only provide a solid foundation for the new venture but also breathe new life into the local community. The influx of capital promises to catalyze further industrial developments in the region, fostering a ripple effect of economic benefits.

New Jobs and Economic Revitalization

Beyond the immediate financial impact, the expansion of Shearer’s Foods heralds substantial job creation and economic revitalization. With over 5 million invested in the project, the company aims to bring 250 new full-time positions to the area. These roles will span various departments, from manufacturing and logistics to administration and quality control, offering diverse employment opportunities for local residents.

The arrival of Shearer’s Foods in Moraine signifies a pivotal moment for the county’s economic landscape. The creation of these jobs will inject much-needed vitality into the local economy, supporting small businesses and boosting consumer spending. Moreover, the project is expected to attract additional investments and spur ancillary business activities, contributing to a broader economic uplift in Montgomery County. As “Project Crispy” unfolds, it promises to be a cornerstone of industrial revival and sustainable growth for the region.