Putting a spotlight on the role and contributions of the manufacturing industry to New Jersey’s state and local economies, Acting Governor Kim Guadagno today visited Superior Powder Coating, an Elizabeth-based metal finisher specializing in high volume powder coating and electro-coating. The visit marks the Acting Governor's second stop on her month-long tour of New Jersey manufacturers, which focuses on jobs the manufacturing industry provides New Jersey workers and strengths of the state as an ideal location for manufacturing firms.
“Superior Powder Coating has continued to grow and expand in New Jersey since first opening in 1989,” said Acting Governor Guadagno. “The company has been able to do this thanks to some unique advantages New Jersey offers. Our highly educated and well-trained workforce is helping Superior Powder reliably deliver a quality product for its customers. Superior Coating’s close proximity to the Port of New York and New Jersey allows them to easily receive parts for coating and ship them back to customers. This powerful combination of benefits has helped Superior Powder succeed.”
Superior Powder’s Elizabeth facility can process over 120,000 parts per day. These coated parts are used in a variety of applications, including automotive, military, marine, architectural, exercise equipment, and stadium seating. Powder coating is a method of painting products that uses a powdered plastic resin, which is electro-statically applied and cured onto the part in an oven. Electro-coating is a method of painting that uses electrical current to deposit the paint.
“Thanks to financial assistance from the State, we’ve been able to operate a successful business, provide jobs for 139 workers, most of who live in Union County, and will soon hire 16 more workers,” said Peter G. Markey, CEO of Superior Powder Coating, Inc. “Superior Powder Coating is an example of a small New Jersey-based manufacturing business that is helping to ensure the prosperity of our great state.”
To attract and retain manufacturers, New Jersey offers various incentives aimed at expanding the state’s economy. These incentives include tax exemption programs designed just for manufacturers; rebates and low-cost financing for renewable energy systems, equipment and technologies that save energy; grants for job growth that provide direct payments to businesses that create jobs in New Jersey; sales and use tax exemptions for the purchase of fixtures, furniture, building materials and equipment needed for business relocation; and workforce training grants that provide skilled training, education and a wide range of support to workers and employers.
Since taking office in January 2010, the Christie Administration has helped nearly forty-five manufacturers locate or expand in New Jersey, creating nearly 8,200 jobs, retaining more than 1,800 jobs and generating more than $2 billion in private investment in the state.
Led by Acting Governor Guadagno, the New Jersey Partnership for Action (PFA) supports the vital role business plays in advancing the state's economy and creating jobs. The PFA is a three-pronged public-private approach to economic development and the starting point for all initiatives, policies, and efforts to grow New Jersey's economy and create quality, sustainable jobs in our communities. The three elements of the PFA include the Business Action Center, reporting directly to the Acting Governor and providing the business community with a single point of contact, applying a proactive, customer-service approach to businesses' interactions with State government; the New Jersey Economic Development Authority, serving as the state's "bank for business"; and Choose New Jersey, an independently funded and operated 501(c)(3) not-for-profit corporation created to help market the state as an ideal location for business.
Businesses considering a move or in need of assistance are encouraged to call New Jersey's Business Action Center at (866) 534-7789 or visit the State's Business Portal at www.newjerseybusiness.gov.
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