LORAIN — A third company might be moving into Ford Motor Co.’s old Lorain Assembly Plant.
Jiffy Products — not to be confused with the peanut butter manufacturer — has promised 25 full-time jobs with an annual payroll of $1.4 million if it opens in Lorain, said Don Romancak, the city’s chief planner.
The multinational company is a wholesale supplier of horticulture and agriculture products with locations in Norwalk, Kentucky and The Netherlands, Romancak said. It hopes to be up and running by March 2008.
“We’re excited about the long-term prospects of growth,” Romancak said of the company. “It will be a nice fit.
The company has not told the city how much it will pay its employees per hour.
The deal is dependent upon City Council approving a forgivable loan, worth about $125,000, and other agreements as part of an incentive package for the company. Council plans to vote on the package Tuesday
Council will also be voting on another incentive package for Trademark Global Inc., an Avon-based gaming products wholesaler hoping to move into the former Ford plant, which was purchased by Lorain IRG last year
Talks are also ongoing with ARNCO Corp., which currently makes equipment for cables that are used by telephone and cable companies out of a plant on Garden Street in Elyria.
Contact Adam Wright at 653-6257 or email@example.com.