Tag: pgi waynesboro

Blackstone enters agreement to purchase PGI

Polymer Group Inc. today announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. This transaction is the result of the strategic review process initiated by PGI on April 7, 2010, and is expected to close prior to the end of the first quarter of […]

PGI breaks ground on $65 million expansion in Waynesboro

The $4.55 million package of local and state incentives seems a pretty price to pay, but in the current economic environment, the 41 jobs that will come with the expansion of the PGI facility in Waynesboro might just have extra value. “Manufacturing has taken a big hit nationally. People think of jobs going offshore. But […]

Chris Graham: Danville just got itself a better deal

Column by Chris Graham freepress2@ntelos.net   A hundred sixty jobs paying an average wage of $50,000 a year. And they cost Danville and the state $590,000. The quick math on that – we’re talking less than $4,000 a job. Which puts the $110,000 a job that Waynesboro paid to get the PGI expansion that some […]

Chris Graham on ‘Charlottesville-Right Now!’

Featuring Chris Graham freepress2@ntelos.net   AFP editor Chris Graham joined host Coy Barefoot on Tuesday’s “Charlottesville-Right Now!” on WINA-1070AM. Chris and Coy talked about the AugustaFreePress.com Special Report on the PGI-Waynesboro economic-development deal and the plans in the works to build two movie-theater complexes in the West End of Waynesboro. The Charlottesville Podcasting Network has […]

The Rant: Number crunching

Video Essay by Chris Graham freepress2@ntelos.net  

Was the PGI deal a good one?

Special Report by Chris Graham freepress2@ntelos.net   How much did the economic-incentive package put together by the City of Waynesboro have to do with the ultimate decision of Polymer Group Inc. to expand its operations here and not in Mooresville, N.C.? The first question that I posed to PGI spokesman Cliff Bridges was the generic, […]

Governor’s office announces PGI deal

Story by Chris Graham freepress2@ntelos.net   A local and state incentive package that included $1.5 million in state monies and $2 million in land, cash and tax breaks from the City of Waynesboro helped grease the skids for Polymer Group Inc., which chose Waynesboro over other locations including one near its corporate headquarters in the […]