Steel service center Olympic Steel Inc. plans to expand its steel processing facility in Franklin County, Pennsylvania, according to a press release Thursday from the office of Pennsylvania Governor Tom Corbett. Olympic Steel considered expanding operations at its similar US steel processing facilities, including two in Ohio. The company ultimately selected its Chambersburg plant to better serve the company's East Coast customers. Olympic Steel will create 90 new jobs within three years, and invest $11 million to purchase new equipment and provide training to its new employees.
The company received a $400,500 funding offer from the Department of Community and Economic Development, including a $180,000 PA First grant, $40,500 in job training assistance and $180,000 in Job Creation Tax Credits.