Momentum Magazine February 2018 Edition - Page 8

Prime Location Lackawanna County is on the rise thanks to infl ux of businesses and residents Whether it is because of its close proximity to major metropolitan markets, lower cost of doing business or its high quality of life, more and more businesses and people are making Lackawanna County home. 1.8% OF NEW LACKAWANNA COUNTY RESIDENTS COME FROM THE NYC METROPOLITAN AREA According to United States Census data, the Scranton-Wilkes-Barre- Hazleton Metropolitan Area has seen its workforce increase by 3.2 percent. Lackawanna County especially has seen an infl ux of residents from the New York Metropolitan Area, with 1.8 percent of newcomers originally hailing from that region. What makes Lackawanna County a viable location to live and work? The response to that question could be just as varied as the types of businesses choosing to locate here. This past summer, Socafé purchased the former Grove Textiles building in Dunmore Borough, making it their corporate headquarters and bringing 130 jobs to the region. Founded in 1987 and originally based in Newark, N.J., Socafe provides the coffee roasting industry with quality coffee and machinery, as well as the branding, packaging and distribution of single serve pods to thousands of retail stores across the nation and dozens of online outlets. It also manufactures single serve coffee for its own brands, as well as existing customer brands, while offering private label brands for other roasters and retail chains. + 130 JOBS “For our company, the reasons why we relocated to Lackawanna County were multipronged,” said Joseph Fernandes III, vice president of Socafe. “The cost of utilities is much lower and the workforce is hardworking and productive. Together with a lower tax rate and a very pro- business atmosphere, our new location opens us up to raw materials that we didn’t have before. In addition, we found the lower shipping rate to distribute our products is positioning us as more competitive to clients.” Simon Roozrokh, chief executive of Select Products Holdings LLC, Long Island, invested in Lackawanna County by purchasing a building in Vandling, where it will produce its own line of commercial tissue products, and branded labels for companies such as Redner’s Markets, Big Lots and Cascade. “Our new location will serve as our manufacturing hub, providing effi cient service and distribution of our product lines to our network along the East Coast,” Mr. Roozrokh said. “The business assistance provided by The Greater Scranton Chamber of Commerce made for a smooth transition into the community and we are excited to call Northeastern Pennsylvania home.” 8 • The Greater Scranton Chamber of Commerce 3.2% WORKFORCE INCREASE “...we are excited to call Northeastern Pennsylvania home.”