Wilkes-Barre, PA -
McCarthy Tire Service Company will expand operations near its existing facility in Wilkes-Barre and will create 49 new full-time jobs over the next three years, and the retention on 197 existing employees, Gov. Tom Wolf announced on August 18, 2016.
McCarthy Tire, a manufacturer of retreaded tires for the commercial trucking industry, will expand retreading operations by executing a 10-year lease of a 75,000-square-foot facility that is now used for warehousing, according to a news release.
The company plans to invest $3,277,000 in the project, including the leasehold, infrastructure improvements, and new equipment purchases. McCarthy Tire has committed to the creation of 49 new, full-time jobs over the next three years, and the retention of 197 existing employees.
“Through this growth, McCarthy Tire will become one of the top three largest tire retreaders in North America. We applaud McCarthy Tire for its continued success and for the support it provides for the region's economic well-being.” - Governor of Pennsylvania, Tom Wolf
“We are working closely with Bandag, the global leader in retread manufacturing, to build a state-of-the-art manufacturing plant,” said John D. McCarthy, Jr., president of McCarthy Tire. “This will be the largest Bandag retread facility in North America. It seemed fitting to locate it in Wilkes Barre, the city where my grandfather started McCarthy Tire Service 90 years ago.”
McCarthy Tire received a funding proposal from the Department of Community and Economic Development that includes a $150,000 Pennsylvania First Program grant, $49,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs and $22,050 in WEDnetPA funding for employee training.
“For three generations, the McCarthy family has never stopped investing in their industry-leading tire business and in the City of Wilkes-Barre,” Sen. John T. Yudichak said in the news release.
“In partnership with the Commonwealth of Pennsylvania, McCarthy Tire's most recent investment will bring a new and world-class manufacturing facility to Wilkes-Barre, proving that our workforce and our great city can compete with anyone for quality, twenty-first century jobs.” - Senator John T. Yudichak
The project was coordinated by the Governor's Action Team, a group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania in collaboration with the Greater Wilkes-Barre Chamber.
Established in 1926, McCarthy Tire is a third-generation family owned and operated business. The company is the sixth-largest commercial tire dealer in the U.S. with more than 50 locations along the east coast.
