SeaTac Packaging keeps growing in Pierce County
Since 1994, SeaTac Packaging has provided its customers with bags for transporting food, animal feed, seeds, cement mix and more. Dual expansions over the last four years have positioned the Puyallup-based manufacturer as one of Pierce County’s leading BIPOC-owned firms and pumped more than $48 million into the local economy.
Most recently, SeaTac Packaging sealed the deal on its $20 million acquisition of the former Carlson Paving site in the Frederickson manufacturing and industrial center. The company will invest $8 million into new equipment for the facility. The expansion will retain 86 positions and create 10 new jobs in Pierce County.
“SeaTac Packaging’s multimillion-dollar plan to expand in Frederickson is great news for the community and a fantastic reflection on the success of this BIPOC-owned firm,” Pierce County Executive Bruce Dammeier said.
This latest milestone follows SeaTac Packaging’s $20 million expansion completed in 2019. A $10 million bond through an Industrial Development Revenue Bond (IDRB) issued by the Economic Development Corporation of Pierce County (EDCPC), was used to finance a portion of the company’s 102,000-square-foot manufacturing facility. The EDCPC is staffed by the EDB. The federal program offers below-market financing for qualified manufacturing or processing projects.
Partnerships across Pierce County have helped SeaTac continue to grow, including the Economic Development Board for Tacoma-Pierce County, Pierce County Economic Development, Tacoma Public Utilities and Impact Washington.