IQ Fibers, a cellulose fiber manufacturer, will set up its first manufacturing operation in the borough of West Easton.
George Day, the company’s CEO, described IQ Fibers as a startup that plans to begin manufacturing at a site it hopes to occupy by November.
Day said IQ Fibers expects to lease a 45,000-square-foot-building at 1550 Lehigh Drive. The company has committed to investing at least $5.4 million in the project and plans to hire more than 40 employees over the next several years.
Day said his company chose the Lehigh Valley because it is a good logistics and transportation hub with strong resources and access to an educated workforce.
IQ Fibers received funding from the state Department of Community & Economic Development, which includes an $86,000 Pennsylvania First grant, $86,000 in tax credits, which the state distributes once the company creates jobs, and a $32,550 workforce development grant to help the company train employees, according to a news release.
Lehigh Valley Economic Development Corp. helped coordinate the company’s efforts to find a location.
LVEDC helped make the appropriate introductions with the state government to help provide incentives and offer information about the region’s market, including labor rates, said Matthew Tuerk, vice president of economic development and marketing at LVEDC. The information often helps companies in their decision-making process, he added.
IQ Fibers’ products include cellulose insulation and absorbents that it sells to distributors, contract installers and end users.
Ethan Medgie, senior advisor at SVN Imperial Realty in South Whitehall Township, said he represented both sides of the IQ Fibers deal.