The Navy Yard Could Get a Manufacturing Facility

One company is eyeing up the Yard.

Nothing is set in stone just yet, but Axalta Coating Systems Ltd. is looking to get state and city money to help construct a 200,000-square-foot manufacturing facility at the Navy Yard.

Here’s more from the Philadelphia Business Journal:

The project would cost tens of millions of dollars to build and the Philadelphia-based company is seeking state and city funds to help finance it. How many people Axalta would employ at the facility couldn’t be determined nor could the time frame the company is working under. An Axalta spokesman couldn’t immediately be reached for comment.

Axalta recently moved to Philadelphia from its former headquarters in Delaware, leasing 30,000 square feet at Commerce Square in Center City. PBJ’s Natalie Kostelni says this move, which brought 100 jobs to the area, was also made from tax payer money as Axalta received “more than $2 million in incentives from the state to relocate to Pennsylvania.”

Axalta Coating Systems seeks to construct big project at Navy Yard [Philadelphia Business Journal]