2016 Yields $116.6 Million in Private Investment and 400 New Full-Time Jobs
TOPEKA, Kan., Jan. 13, 2017: Three business expansion projects announced in Topeka-Shawnee County in 2016 equate to a total capital investment of $116.5 million as well as the creation of more than 400 full-time jobs. Futamura USA, SE2 and Reser’s Fine Foods made commitments to invest in facilities, equipment and people. These investments will result in a one-time $145.6 million positive impact to the local economy as well as a $255.3 million recurring annually impact. A total of $2 million in incentives was provided among the three projects, through the Joint Economic Development Organization (JEDO) with assistance from GO Topeka.
Futamura USA acquired the Tecumseh, Kansas cellophane plant from Innovia Films in May 2016. The Japanese company is investing $30 million for infrastructure improvements, equipment and a new manufacturing line. Improvements to the facility, coupled with the company moving some operations from Japan to the Topeka plant will account for a 60 percent increase in production.
SE2 will create 200 new high paying jobs in the Topeka/Shawnee County community. The company currently employs more than 600 people. A JEDO approved incentive will allow SE2 to provide training and development for existing employees as well as add up to 200 new jobs.
Reser’s Fine Foods
Reser’s Fine Foods will break ground on a new, state-of-the-art, 300,000 square foot facility this spring. The company intends to invest $86.5 million between the new facility and the rehabilitation of an existing facility. The two-phase expansion will create 180 new full time jobs.
About GO Topeka
GO Topeka is a private not-for-profit organization dedicated to enhancing economic development in Topeka and Shawnee County by attracting new businesses, facilitating expansions and enhancing the business acumen of small business owners and entrepreneurs. Since 2002, GO Topeka has generated over 11,000 new and retained jobs and more than $1.3 billion in capital investments. For additional information, visit www.gotopeka.com.
Futamura Chemical Co., Ltd., located in Japan and was established in 1950 to manufacture activated carbon. They have expanded the range of businesses into cellulose, plastic films, phenol laminated sheets and saccharification.
As the leading third party administrator in the life and annuity insurance industry, SE2 uniquely combines its life insurance heritage, expertise in optimizing core insurance operations, seamless and efficient data conversion methodologies, leading edge administration technology platforms and advanced analytics to solve critical business challenges, which include – rapid launching of new products, streamlining of new business administration, profitability of in-force book operations and improved agent and customer services. For additional information, please visit www.se2.com.
About Reser’s Fine Foods
North American-based Reser’s is the leading provider of deli salads, fresh salads, side dishes and prepared foods. Founded in 1950, the company remains privately owned and operated and committed to providing delicious refrigerated foods for the supermarket and foodservice industries. Reser’s operates 18 facilities in the United States and Mexico and employs more than 4,000 employees in the United States, Mexico and Canada. Visit www.resers.com.