March 21, 2005

Packaging Technologies receives $200,000 from government for expansion

Davenport's Packaging Techologies will receive a $200,000 grant from the Community Economic Block Grant program and says it will add 20 new jobs in engineering and production positions meaning the state is paying them $10,000 per job.

The money will be used to train new workers, upgrade the computer system and acquire additional equipment. The jobs will pay from $14 to $22 an hour.

Packaging Technologies was founded in 1952 in Davenport. KartridgePak bought the company in 1962, after which BWI bought KartridgPak in 1988. The company was sold in 1999 to IWKA, of Germany.

The expansion project involved the state of Iowa, the city of Davenport, Eastern Iowa College District, DavenportOne and the Quad City Development Group.

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