Chamber Sells Land to New York-based Steel Company

SEATTLE (Scrap Monster): The Greater Scranton Chamber of Commerce — through the Scranton Industrial Building Company, its business development subsidiary — sold 2.67 acres of land in the Valley View Business Park to Steel Supply Company Inc., chamber officials announced in a news release. The sale price was not disclosed.

The New York-based company will manufacture and distribute industrial steel fabrication products from the Jessup location, chamber officials said.

“We are excited about this new facility and the opportunities it affords the company for manufacturing, fabricating, and new product line development,” Barbara Obeid, president of Steel Supply Company, said in a news release. “The area offers an impressive combination of facilities, access to shipping lanes, and a capable labor force.”

The Valley View Business Park was developed by SLIBCO in 2003, and expanded in 2007, as part of a 1,300-acre development project.

The sale of the land to the Steel Supply Company is projected to generate $3 million for the community and create 10 local jobs, chamber officials said.

The chamber remains committed to attracting, sustaining and growing businesses and the workforce in targeted industries — including advanced manufacturing, food and beverage production, technology, energy and life sciences, officials said.

“SLIBCO and chamber leadership are thrilled to see this project come to fruition,” AJ Cimahosky, business development specialist for the chamber, said in a news release. “The Steel Supply Company is committed to driving the workforce in Lackawanna County and falls right in line with the targeted industry sectors we desire to see grow in the area. Manufacturing has always been a part of our story and projects like these will allow that to continue.”

Courtesy: www.thetimes-tribune.com