Wednesday, October 21, 2015

Holyoke Manufacturing Company Plans Facility Expansion with Assistance from Local and State Tax Incentives

In an effort to accommodate for a growth in production, International Container Company, LLC will build an expansion to its facility and operations headquartered at 110 North Bridge Street in Holyoke. The expansion is planned with the assistance of both local tax incentives and tax credits provided through the Commonwealth’s Economic Development Incentive Program (EDIP).

International Container Company (ICC) purchased its one hundred and fifty-thousand square foot facility in Holyoke in 2001 and has since made many improvements to the property. Since moving to Holyoke, business has increased each year for the company and that growth has led to the need for expanding their facility. The Tax Increment Financing (TIF) Agreement between ICC lasts for five years, and allows for a real estate property tax exemption on the newly created real estate value. In return, ICC has agreed to create a minimum of 5 new jobs and invest between $900,000 to $1,000,000 in the project. The agreement has been submitted to the City Council for approval. In addition, ICC will receive State investment tax credits, pending review and approval of the application by the Massachusetts Economic Assistance Coordinating Council, based on the amount of sales generated from the expansion.

“The expansion of International Container is another indicator that manufacturing is alive and well in Holyoke,” Mayor Alex Morse said. “Our city’s manufacturers are a vital part of the community and our economy. This local incentive will ensure that this project can be brought to completion to retain and create dozens of employment opportunities in our own backyard. I’d like to congratulate the Searles family on their success, and thank them for their continued commitment to the City of Holyoke.”


Over the last two years ICC has made substantial efforts to expand, now servicing all of New England and selling products across the United States. ICC currently employs 45 people, noting a growth in employment since 2013 when there were 24 employees at the facility; many employees are from Holyoke and other neighboring communities that are beginning their careers in the manufacturing trade.


"We are very excited to be working with the City of Holyoke on our expansion project,” Joseph Searles, General Manager of International Container commented. “We are a family business that has been manufacturing in Holyoke for 14 years and are looking forward to our future growth and success here in Holyoke in the years to come."


ICC was founded in 1996 by William K. Searles, Jr. The company, now operated by brothers Joseph, Kenneth, Sean and Daniel Searles, serves the New England and Mid-Atlantic areas with high quality products for the solid waste industry. The company specializes in roll-off, hook-lift, and front and rear load containers, as well as a wide variety of special application containers including rolling roofs, square and octagon style breakaway boxes, self-contained and stationary compactors, recycling containers, flat beds, and custom containers.

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