TOPEKA, Kan. (WIBW) – Expansions of PTMW Inc. and Moore Digital Print & Mail Center – Topeka, are set to create nearly 250 new jobs and generate a combined $1.5 billion, GO Topeka announced.

The Shawnee Co. Joint Economic Development Organization (JEDO) and the City of Topeka have approved two separate agreements to aid the expansions of Moore Digital Print & Mail Center – Topeka and PTMW Inc., on Wednesday, Sept. 11.

PTMW is expected to invest $47.2 million in the expansion project. The expansion is expected to create 182 new jobs. The salaries with its newest jobs will range from $80,000 to $120,000.

A total of $1.6 million in economic development funds dispersed over five years will be offered to PTMW through JEDO, aiding the growth. GO Topeka states that the projected local economic impact from PTMW will be $1.3 billion over 10 years. The expected result from the expansion will be a 1,782% return on investment for the Topeka area.

Southwest Publishing & Mailing, a Moore company, has been in Topeka for more than 50 years. The company rebranded its local facility to Moore Digital Print & Mail Center – Topeka.

Moore’s expansion is expected to create 60 new jobs with the company investing $31 million in the project. JEDO will offer $272,000 in economic development funds that can be dispersed over five years.

The expansion is expected to result in a 246% return on investment for the community due to its projected local economic impact of $240 million over 10 years.

Copyright 2024 WIBW. All rights reserved.