The City of Troy is excited to welcome Pella, Corp. to our community! Pella announced on July 27 that it has selected Troy as the location for its new manufacturing facility. The new facility will move into an existing 324,000-square-foot space on Experiment Farm Road, previously occupied by Avenue Logistics.
The facility, which will house the production of vinyl windows and doors, will create 428 new jobs once it’s fully operational by 2025. The new manufacturing facility is expected to generate $19.3 million in new annual payroll.
The new Pella facility has been approved to receive a 1.553 percent, 10-year job creation tax credit through the Ohio Tax Credit Authority. These tax credits are given annually, and are dependent upon job creation. The OTCA estimates that the value of the credits for the Pella project are $2,625,000.
"Troy, Ohio is a great fit for Pella Corporation. It offers a rich heritage in manufacturing, as well as a skilled and available workforce. It’s clear that economic development is a top priority for the city, and we appreciate the partnership created between Pella, the City of Troy and the State of Ohio," said Tim Yaggi, Pella’s CEO, in a statement.
Mayor Robin said, "This has been a long process of effort and cooperation between the City of Troy, Pella, the Troy Development Council, the Dayton Development Coalition and Jobs Ohio, to make this happen. The creation of over 400 new jobs in Troy is an amazing thing for our community and our county."