TemperPack, a manufacturer of sustainable thermal insulation for the shipment of perishable goods, will invest $10.4 million to establish a manufacturing operation in Henrico County, VA. The facility will be the Richmond-based company’s second in Virginia. The project will create 141 new jobs.
“Virginia has been a great asset in TemperPack’s growth because of its diverse and talented workforce, its pro-business policies, and its geographic location, which allows us to easily service the entire East Coast and beyond,” said Brian Powers, TemperPack’s Co-Founder and Co-CEO. “We couldn’t ask for a better partner in business as we continue to expand.”
Founded in 2015, TemperPack’s mission is to solve the world’s packaging problems through sustainable design. The company builds revolutionary insulation products that allow large organizations to manage their global supply chains with minimal environmental impact.
“TemperPack is a wonderful Virginia success story, and I am thrilled to see this innovative company growing and expanding into Henrico County,” said Governor Ralph Northam. “With the rise in consumers ordering groceries, meals, and medication online, TemperPack tapped into a booming shipping market, and created an environmentally friendly product that comes with less waste than traditional packaging. TemperPack’s success demonstrates that the Richmond region and Virginia are ideal locations for entrepreneurs.”
The Virginia Economic Development Partnership will support TemperPack’s project through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies.
“TemperPack’s rapid success is a great testament to the Richmond region’s competitive operating costs and robust workforce, and it is exciting to support this expansion in Henrico County,” said Secretary of Commerce and Trade Brian Ball. “TemperPack was founded and is led by three visionary millennials, and we are honored to have this thriving company on the Commonwealth’s corporate roster.”
“Henrico County is delighted to partner with TemperPack in the next stage of their growth,” said Frank J. Thornton, Chairman, Henrico County Board of Supervisors. “TemperPack prioritizes innovation and sustainability, values which are at the core of the Henrico community. We are proud to celebrate TemperPack’s newest announcement, and we welcome their expanding team of 141 new employees here in Henrico County.”
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