Royal Industries To Relocate To Allentown, Pennsylvania
Supplier Royal Industries (PPAI 113838) has announced plans to relocate from Brooklyn, New York, to Allentown, Pennsylvania. The move is expected to create 80 jobs over the next three years.
Royal Industries is making the move to meet its need for more space after recent acquisitions. It currently operates in a 55,000-square-foot facility in Brooklyn. It is acquiring an 85,000-square-foot space in Allentown, and expects to spend $3.73 million on its purchase, renovation and outfitting.
“I feel like the city of Allentown really wanted us,” says Mike Rudensky, who co-owns Royal Industries with his brothers. “The Lehigh Valley Economic Development Corporation and the Governor’s Action made us feel very welcome, and I look forward to working with everyone in the future as we move forward with this project.”
In planning the move, the supplier worked with the Lehigh Valley Economic Development Corporation and the Governor’s Action’s Team, a group of economic development professionals that reports directly to the governor and works with businesses that are considering locating to or expanding in Pennsylvania.
Royal received a funding proposal from the Department of Community and Economic Development for a $27,000 WEDnet grant for job training and $63,000 in job creation tax credits to be distributed upon creation of the new jobs, and a $1.8 million low-interest loan from the Pennsylvania Industrial Development Authority.
“This move from Royal isn’t just a big win for Allentown and the Lehigh Valley—it’s a big win for Pennsylvania,” says Pennsylvania Governor Tom Wolf. “When companies choose to relocate to Pennsylvania from another state, it shows that we have the business climate that enables companies large and small to grow and thrive. I applaud Royal for their decision to come here, and on behalf of the commonwealth, I welcome them to Pennsylvania.”