Packaging News Excerpt:
Construction has started on custom medical thermoform packaging manufacturer Prent Thermoforming's first European base in Holbaek, Denmark.
Prent Excerpt:
“The development of Prent-Denmark—like our other global expansion initiatives—has been through organic growth, not acquisition growth,” he points out. “This growth has been generated entirely within our own organization. Consequently we have a very defined effort when we open new facilities.
JG Excerpt:This is good news! With any luck, it’ll keep the workers in Janesville busy and who knows – maybe they’ll expand here again from the larger global customer base.
In the 10 years or so that Prent has operated global facilities, employment in Janesville has increased, he said. More than half of the company's worldwide payroll of 1,000-plus work in Janesville at either Prent or GOEX, a Prent subsidiary that makes and extrudes plastic sheet products.
But I have to ask. What incentive does Malaysia, China or Denmark offer to attract businesses like Prent? A forgivable loan? A tax credit or rebate? A TIF District perhaps? None of the articles reported on any of those details. Or do businesses like Prent build and expand because their business and customer base demand it - as the articles say - if we can believe it. Who knows? If it's true, this could be a radical new business model by Prent. Imagine, prosperous and capable businesses pulling themselves up by their own boot-straps, re-investing their own profits to expand their wealth instead of raising our taxes by running to government for an economic development hand-out. What a pioneering if not unique idea! Of course, I could be speaking too soon here.
Actually, I shouldn’t be the one asking. Janesville city administrative officials and state legislators should be asking these questions of themselves.
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