~ PADNOS to add 50 jobs and invest $6.6 million in upcoming expansion ~
The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC) and City of Wyoming, announced PADNOS will be expanding its Wyoming location at 500 44th St SW in Wyoming. In addition to a capital investment of $6.6 million, the expansion will bring 50 new jobs to the area.
PADNOS, founded in 1905 in the city of Holland, has been transforming scrap into reusable resources for more than 100 years. The company recycles metals, paper, plastics and electronics and currently has over 725 team members. With benefits like profit sharing, 401k matching, tuition reimbursement for team members, and scholarships for team members’ children it is easy to see why PADNOS was awarded as one of the Best and Brightest Companies to work for in the nation this year.
As part of its expansion, the company is increasing its capabilities into recycling ocean bound plastics and investing in electrical and infrastructure upgrades. New loading docks, a laboratory, and a maintenance garage will all be added to its location in the city of Wyoming.
“PADNOS is proud to further our investment in the community while increasing our processing capabilities to meet market demands. We are seeing an increase in demand for recycled material and we are committed to working with our partners to get these materials back into new products and keeping them out of our landfills and oceans.” said Jonathan Padnos, President & CEO of PADNOS.
The Right Place worked closely with PADNOS, the MEDC and the City of Wyoming to ensure the company continued its growth in the region rather than a competing site in the state of Indiana. The MEDC is supporting the expansion with a Michigan Business Development Program performance-based grant of up to $250,000.
“This decision further cements PADNOS’ commitment to growth in Greater Grand Rapids” said Olivia Lanctot, Business Development Coordinator and project lead for The Right Place, Inc., “PADNOS has a long legacy of innovation and deep ties within our community, and we are pleased to see them continue their growth here. They offer quality employment opportunities, and their commitment to providing reentry training and jobs is an excellent opportunity for our community.”
“We are extremely pleased with the announcement of this expansion, which will bring good-paying manufacturing jobs to our City,” said Wyoming Director of Planning and Economic Development Nicole Hofert. “We look forward to the continued investment in the City of Wyoming, our residents and community members.”