Governor Wolf Announces New Central Garden & Pet Company Facility in Northampton County, Creation of 40 Jobs

first_img August 18, 2016 SHARE Email Facebook Twitter Jobs That Pay,  Press Release Harrisburg, PA – Governor Tom Wolf announced today that Central Garden & Pet Company, a manufacturer and marketer of pet and garden products, will establish a new warehouse and distribution facility in Easton, Northampton County, and create at least 40 new jobs.“Central Garden & Pet Company’s decision to relocate to Pennsylvania was based on an evaluation that included availability of workforce, cost of operations, and proximity to customers,” Governor Wolf said. “We are pleased that the company recognizes the many advantages that Pennsylvania provides. We welcome them to the commonwealth and look forward to their continued success here.”Central Garden & Pet will relocate a garden distribution facility to Pennsylvania, leasing a 243,360-square-foot facility in Easton, Lower Nazareth Township. The company plans to invest at least $835,000 on the project, which will include facility leasing, the purchase of machinery, equipment, and computer hardware and software, and employee training. Central Garden & Pet has also committed to creating 40 new, full-time jobs and to the retention of 35 current, statewide positions over the next three years.“We are excited to be a part of the Easton community as we open a new distribution center for our garden products. Easton was selected because of its close proximity to our customers,” said Will Reeves, Central Garden & Pet regional vice president. “In addition, we think the Easton area will provide a solid pool for hiring and a great environment for our employees and their families to work, shop, and play.”Central Garden & Pet received a funding proposal from the Department of Community and Economic Development that includes $80,000 in Job Creation Tax Credits, a $80,000 Pennsylvania First Program grant, and $18,000 in WEDnetPA funding for employee training.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.Central Garden & Pet Company is a leading innovator, marketer, and producer of quality branded products for the lawn and garden and pet supplies markets. Committed to new product innovation, its products are sold to specialty, independent, and mass retailers. Central Garden & Pet also provides a host of other regional and application-specific garden brands and supplies, as well as application-specific pet brands and supplies. Central Garden & Pet is based in Walnut Creek, California, and has approximately 3,700 employees, primarily in North America.For more information about Central Garden & Pet, visit more information about the Governor’s Action Team or DCED visit Governor Tom Wolf on Facebook: Governor Wolf Announces New Central Garden & Pet Company Facility in Northampton County, Creation of 40 Jobslast_img read more

Boost in UK medical bulk annuities as Gilts provide discount pricing

first_imgThe value of UK medically underwritten buy-in market reached record levels in 2014, backed by tremendous growth in the final quarter and predictions it will reach £1.5bn (€2bn) by the end of the current year.Medically underwritten buy-in insurance contracts reached nearly £600m over 2014, with close to three-quarters of deals being completed in the final quarter, figures from UK consultancy Hymans Robertson showed.The figure compares to just just £91m in deals during 2013 – when the first medically underwritten transaction first took place.Medically underwritten insurance products account for individual members’ health status, with insurers refining pricing with greater understanding of risk and no need for prudency margins. Overall, the bulk annuities market – of which medically underwritten is a tiny fraction – grew significantly over the last year with pensioner buy-in pricing being cheaper than matching payment liabilities with UK Gilts, due to the competitive market and Gilt prices increasing.Hymans Robertson partner James Mullins said the number of bulk annuity deals completed in 2014 stood at an estimated 180, of which 22 were medically underwritten. However, in terms of value, the market accounted for just 5% of all deals.Mullins said the firm’s experience was medically underwritten buy-ins were pricing around 5% below traditional contracts, often closer to technical provisions.“This means that pension schemes could exchange Gilts for a medically underwritten buy-in and get a matching asset without any cost implications, nor any need to increase company contributions,” he added.Consultancy Aon Hewitt said it saw medically underwritten pricing value pensioner liabilities using a discount rate of Gilt yields plus 0.6% – sometimes 10% below traditional pricing.Hymans Robertson said it expected somewhere between £500m and £1bn of medically-underwritten business in 2015, around 10% of total bulk annuity value, with insurer pipelines looking strong.The market is split between two providers, Partnership and Just Retirement, both firms known in the medically underwriting space, particularly for providing individual annuities.However, since the UK Budget removed compulsion around purchasing annuities from April 2015, both firms have pushed to grow their bulk annuity business.Hymans Robertson said traditional bulk annuity market leader, Legal & General (L&G), was among other providers looking to enter the medically underwritten space.“Given the rapid growth in the area, insurers are increasingly active and interested in this part of the market. We expect to see other insurance companies offer medically underwritten buy-ins during 2015,” Mullins said.In the aftermath of the 2014 Budget, IPE reported insurer LV= was investigating the possibility of entering the UK medically underwritten bulk annuity market after expecting a severe hit to its individual business.Last year also saw the first medically underwritten buyout deal which covered deferred members and pensioners, with Hymans Robertson anticipating further growth in this space.Overall, 2014’s bulk annuity market reached a record £12bn in transactions amid competitive pricing from insurers and a boost in funding levels from 2013’s equity performance.It hosted record-breaking deals in both product spaces with a £3.6bn buy-in arranged by the ICI Pension Fund, and the TRW pension fund handing over £2.5bn in liabilities with a buyout.A recent report from L&G said close to half of UK pension funds would use insurance products to sure-up liabilities within the next five years, two-thirds of which would be a bulk annuity.The findings concluded expecting significant growth in the market, as insurer pricing tension increased after the Budget hit individual annuity business, and scheme’s liability management allowed better access to markets.To read more about the pricing power balance between UK pension funds and insurers, click herelast_img read more

Pulis exit shocks Palace staff

first_img The club announced on Friday that Pulis had left Selhurst Park by mutual consent after reportedly falling out with co-chairman Steve Parish over transfer policy. Pulis was named Premier League manager of the season just three months ago after leading Palace to survival and an 11th-placed finish. The club, however, failed to finalise deals for the likes of Gylfi Sigurdsson, who returned to Swansea, and Steven Caulker, who chose to join QPR. “We’ve been frustrated as a club over transfers because we haven’t brought in as many players as we’d like to, but we’ve still got two weeks to bring players in,” Millen said. “Tony is a very single-minded person and he knows what he wants on the football field. “You can see that from how he organises the players and that’s why we were successful last year. “Then Steve quite rightly has the club’s interests at heart and that’s the same at any club. Where they’ve fallen out I don’t know but you’ve got two strong-minded people there.” One area of disagreement reportedly centred around former Palace forward Wilfried Zaha, who the club are believed to have pursued against Pulis’ wishes. “That certainly wasn’t a disagreement, he’s a name who has been mentioned all summer,” Millen said. “We do need to strengthen in that area and Wilf ticks a lot of boxes. We don’t even know if Man United have made him available though and if he was, I’m sure a lot of clubs would want him.” Former Cardiff boss Malky Mackay has been installed as the early favourite to replace Pulis but Millen is also considered a possibility along with Tim Sherwood, Neil Lennon and David Moyes. Millen was put in temporary charge before Pulis’ appointment in November when the team picked up four points in four matches. “We’d just got promoted and had one win in 10 games – the time then wasn’t right for me (to take over permanently),” Millen explained. “It’s slightly different now, we’ve had almost a year in the league and we’ve done well. “I honestly haven’t had a chance to think about my situation yet – after Saturday I’m sure I’ll sit down with the chairman and see what his thoughts are going forward.” Kelly completed his move to Palace on Thursday just hours before Pulis departed but the 24-year-old defender saw the humorous side of his untimely arrival. Millen said: “I was in the car park when Martin pulled up this morning – he got out and said, ‘I didn’t think I trained that badly yesterday’. “He’s seen the lighter side of it but I had a chat with him in the office because it was important he understood it was a club decision to bring him here. “Even though Tony has gone he will still be a big part of this club going forward.” “We are all shocked from the players to the staff,” said Millen, who has been put in temporary charge of the team’s Barclays Premier League opener against Arsenal on Saturday. “We knew the frustrations of the club that we hadn’t brought in as many players as we wanted but as far as training is concerned we had no inkling this might happen.” Millen continued: “The players are asking why. This has happened now three times what with Dougie (Freedman) leaving and then Ian (Holloway) and now Tony. “So they’re asking why. It’s important to reassure them they’ve done nothing wrong. “Tony loved working with the group and they are a great group to work with. “Now all of a sudden they’re wondering who is going to come in and what direction we’re going.” Parish and Pulis had disagreements in the initial period after the former Stoke boss was appointed but Pulis insisted at the end of last season their relationship had improved. Palace have so far signed Martin Kelly from Liverpool, Fraizer Campbell from Cardiff and Brede Hangeland from Fulham. Crystal Palace caretaker manager Keith Millen says the players have been left shocked and confused by the departure of Tony Pulis. Press Associationlast_img read more