PA: Specialty Logistics Company to Invest $11.5M, Expand, Add New 258
6 Jun, 2013
Governor Tom Corbett announced that Yourway Transport, Inc. (Yourway), a specialty transportation and logistics company, will expand its BioPharma services and create 258 new jobs in the Lehigh Valley.
"My administration is committed to growing the Pennsylvania economy and ensuring there is a job available for every Pennsylvanian who wants one," Corbett said. "Today's announcement is a great example of state government working with business to create new job opportunities. As a result of this partnership, Yourway Transport will create more than 250 well-paying jobs in Lehigh County."
Yourway will renovate its existing 120,000 square-foot facility to support the expansion of the company's BioPharma services to include logistics and delivery for clinical trials services. The company will invest more than $11.5 million in renovations, infrastructure improvements, new equipment and employee training and has committed to creating at least 258 new jobs while retaining 25 within the next three years.
The company received a funding offer from the Department of Community and Economic Development including a $350,000 Pennsylvania First grant, $516,000 in Job Creation Tax Credits and $116,100 from the Guaranteed Free Training Program which will be used for skills training for both new and incumbent employees. The company will also receive a $1.75 million loan from the Machine and Equipment Loan Fund.
"Through our expansion, there will be 258 pharmaceutical and technical jobs coming to the Lehigh Valley as well as the benefits to our suppliers and supporting industries. Yourway will continue to expand our presence in the pharmaceutical sector by opening our state of the art facility in Allentown," said Gulam Jaffer, President of Yourway Transport, Inc.
"The new facility will significantly increase our ability to service the clinical trial material supply chain. We look forward to a continued partnership with the commonwealth as we continue to grow our business in the Lehigh Valley," Jaffer said.
The project was coordinated by the Governor's Action Team, or GAT, a group of economic development professionals who work directly with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Lehigh Valley Economic Development Corporation.
"Yourway Transport's creation of 258 new jobs in Upper Macungie Township is another example of how major companies are recognizing that the Lehigh Valley can advance their business agenda," said Don Cunningham, president and CEO of Lehigh Valley Economic Development Corp.
"Timing is critical when bringing a new test drug to the market. Yourway Transport is recognized for its proficiency and safety when transporting these goods. Our region's location and workforce is a perfect fit to accentuate that reputation," Cunningham said.
Founded in 1997, Yourway Transport is a specialty courier company for the pharmaceutical, biological, and aerospace industries. The company provides temperature control and specialized packaging with world-wide service and custom clearance capabilities.
For more information on Yourway Transport, Inc. visit: www.yourwaytransport.com
For more information on the Governor's Action Team and other economic development initiatives in Pennsylvania, visit newPA.com or call 1-866-466-3972.