TROY — Pella, Corp., a manufacturer of doors and windows, is moving into an existing 324,000-square-foot space in Troy.
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The new businesses will create 428 new jobs and is expected to generate $19.3 million in new annual payroll once it’s fully operational by 2025, according to a press release from the city of Troy.
The building is located on Experiment Farm Road and was previously occupied by Avenue Logistics.
“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.
The new facility was approved to receive a 1.553 percent, 10-year job creation tax credit through the Ohio Tax Credit Authority, according to the release. The Ohio Tax Credit Authority estimates that the value of the credits for Pella are $2,625,000.
“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,” said Troy Mayor Robin I. Oda.