INDUSTRIAL-REVENUE BONDS FOR M&W PACKAGING ARE GOOD NEW FOR MORE JOBS IN OUR AREA

The sale of $17 million in industrial revenue bonds to help M&W Packaging expand its plant north of Cape Girardeau would provide a significant boost to the local economy.

The County Commission has authorized the sale. The company must agree to it under a 10-year, lease-purchase agreement, and state and local officials must concur.

The expansion would create 117 jobs at the plant, which currently employs 325 people. M&W has seen rapid growth since it opened the plant in 1990 near Procter & Gamble Paper Products Co. It owes a lot of the growth to P&G because it does a lot of P&G's packaging.

It appears a recent trip to Germany by county officials to discuss the financial arrangement has paid off, and the county can look forward to M&W's continued growth.