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Major Investment Heating Up for Corinth Pellets, LLC
AUGUSTA – Corinth Pellets, LLC is planning to invest upwards of $7 million on a pellet manufacturing facility located in Penobscot County. Major work is planned for facility and equipment upgrades. The investment is expected to lead to the creation of 18 new jobs for the wood pellet manufacturer. The company has worked closely with the LePage Administration and the Maine Department of Economic and Community Development (DECD) in pursuit of their expansive goals.
“Corinth Pellets is an excellent example of how a staple Maine industry can thrive when provided with the tools to be competitive,” said Governor Paul R. LePage. “Government does not create jobs, but it can create an environment where businesses can thrive. As a result of Corinth Pellets’ investment, more Mainers will be put to work, and our overall economy will prosper.”
The facility in Corinth has been operational since 2007. Company officials credit Maine’s business-friendly approach as a determining factor to implementing their expansion strategy.
“The incentive package, presented by DECD, will give us the ability to purchase the equipment needed to increase production and hire more people,” said Corinth Pellets Chief Financial Officer Ken Carle. Carle also suggested that the timeframe for those jobs, currently set at a 24-month span, would have been much longer without the incentives.
Governor LePage Account Executive (GAX) Jaimie Logan was the DECD liaison to Corinth Pellets. “She is one fantastic lady,” proclaimed Carle. He said that Logan’s organizational skills and punctuality helped expedite both the application and certification processes greatly.
The Governor LePage Account Executive team is a territorially based group of business-resource professionals, dedicated solely to helping Maine companies big and small cut through red tape to reach their goals.
For more information the GAX team, DECD and Corinth Pellets, LLC, please visit the links below.
Corinth Pellets, LLC: www.corinthwoodpellets.com