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Millions Invested in Grenada Expansion

01/30/2020

https://www.grenadastar.com/

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Local Industry Plans Big Expansion
 
ONE MORE TIME
Comment & Observation
By JOE LEE III
 
            A local manufacturing industry is planning an expansion for the New Year that could ultimately produce a significant number of new jobs and capital investment for the Grenada area.      

Advanced Distributor Products (ADP) has announced that the company has leased an 84,000 square foot warehouse building in Grenada’s expanding Business and Technology Park. Construction is quickly underway to expand the speculative structure to a total of 282,000 square feet. The “spec” building was built by Agracel, Inc., a national industrial development company founded in 1986, on 20 acres of Grenada County industrial land. 

“The county has diligently worked for several years to turn the raw land into a marketable product. That process is paying off and we now have several new projects underway,” according to Board of Supervisors President Darrell Robinson. According to sources, the estimated value of the land and facility is nearly $6 million dollars. The expansion is expected to be completed in June.       

“Once complete, approximately 40 ADP employees will be relocated from four locations in Grenada to the new facility,” an ADP spokesman said.
In addition to the warehouse and distribution center, ADP operates a 379,000 square foot, state-of-the-art manufacturing facility that annually employs over 700, a company news release said. “Currently, approximately half of the manufacturing facility is used as a finished-product warehouse. The new and expanded warehouse will allow ADP to dedicate the entire factory to manufacturing,” according to ADP.

Although ADP will not put numbers on the expansion, saying only that the company is “converting some temporary positions to full time,” sources familiar with the project have indicated that there could ultimately be as many as 300 jobs created.
Based on the cost of modifying the speculative facility for the additional square footage and the re-configuration of existing manufacturing lines at the current manufacturing facility, it is projected the company may spend a potential $20 million in the overall project.

Taxpayers will have a total investment of less than $200,000 in the multi-million-dollar expansion, including grants from TVA and other sources, according to sources familiar with the finances of the project. No doubt, if the company invests the projected $20 million, then the taxpayers will see an excellent return on their investment.
Grenada is indeed fortunate to have a forward-looking company such as ADP as a vital pillar in the area’s strong and growing industrial base.

We are also fortunate to have strong leadership by the Grenada County Board of Supervisors, who realize the value of investing in and supporting the Greater Grenada Foundation for Economic Development (GGFED), which is under the capable direction of Executive Director Mathew Harrison.
 
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