Sandridge Food Corp., the Medina maker of Grandma’s brand potato and macaroni salads and other refrigerated foods, is planning a $16.1 million expansion that will include adding 50 new jobs by 2020.
It’s the latest in a series of expansions in the past several years that have bumped the facility — where more than 600 people work — up to 200,000 square feet.
Medina City Council members this week approved a five-year Job Creation Grant based on a percentage of payroll taxes generated by the new jobs.
The maximum grant amount in any year will be $14,375.
Sandridge expects to generate $2.3 million in new annual payroll with the 50 new jobs, according to the Job Creation Grant agreement. That averages out to about $46,000 a year per job.
This would be on top of the company’s current annual payroll in Medina of $28.6 million. Sandridge also has a plant in Morton, Ill.
To receive a grant in any given year, Sandridge must retain its current number of jobs.
The Medina County Port Authority issued bonds Feb. 1 to finance the project, according to the Medina Gazette.
Sandridge will not pay $300,000 in sales taxes for construction materials under terms of an agreement related to the bonds, Bethany Dentler, executive director of the Medina County Economic Development Corp., told the Gazette.
Sandridge sells to stores as well as food service operations throughout North America.
The company, which dates to the early 1960s, began as a small manufacturer of salads. Today, its products includes soups, sauces, what it calls “center-of-the-plate proteins,” and desserts. The Medina plant and headquarters building is on Commerce Drive.
Acme Fresh Market groceries, owned by the Akron-headquartered F.W. Albrecht Co., are among Northeast Ohio stores that carry a selection of Sandridge products.
Katie Byard can be reached at 330-996-3781 or email@example.com. You can follow her @KatieByardABJ on Twitter or on Facebook at www.facebook.com.