TROY — Pella, Corp., a manufacturer of doors and windows, is moving into an existing 324,000-square-foot space in Troy.
The new businesses will create 428 new jobs and is expected to generate $19.3 million in new annual payroll once it’s fully operational by 2025, according to a press release from the city of Troy.
The building is located on Experiment Farm Road and was previously occupied by Avenue Logistics.
“Troy, Ohio is a great fit for Pella Corporation. It offers a rich heritage in manufacturing, as well as a skilled and available workforce. It’s clear that economic development is a top priority for the city, and we appreciate the partnership created between Pella, the City of Troy and the State of Ohio,” said Tim Yaggi, Pella’s CEO, in a statement.
The new facility was approved to receive a 1.553 percent, 10-year job creation tax credit through the Ohio Tax Credit Authority, according to the release. The Ohio Tax Credit Authority estimates that the value of the credits for Pella are $2,625,000.
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