Wilkes-Barre, November 1, 2017 — Senator John T. Yudichak (D-Luzerne/Carbon), Representative Eddie Day Pashinski (D-Luzerne County), and City of Wilkes-Barre Mayor Tony George released the following statements in response to the news that Berkshire Hathaway Guard Insurance Company will be acquiring the Wilkes-Barre Center property to solidify their national headquarters in downtown Wilkes-Barre.
“The investment of $11.3 million by Berkshire Hathaway Guard and its creation and retention of more than seven hundred jobs represents the biggest economic victory for downtown Wilkes-Barre in decades,” said Senator John Yudichak. “Under the leadership of Sy Foguel, CEO, and Carl Witkowski, COO, Berkshire Hathaway Guard has grown its business by over $1 billion dollars and doubled its workforce in the past five years,” Senator Yudichak added. “Securing a national headquarters of a growing community-minded company, like GUARD, signifies that Wilkes-Barre and all of northeastern Pennsylvania is quickly becoming the best place to do business and create family sustaining jobs.”
“Guard Insurance has been a stellar corporate citizen since it was founded, which has continued under Berkshire Hathaway’s ownership,” said Representative Pashinski. “Keeping a national and growing enterprise—such as GUARD—in downtown Wilkes-Barre speaks volumes about the private sector’s faith in Wilkes-Barre City and northeastern Pennsylvania. A special thank you goes out to Governor Wolf for his strong support and also to the good work of Mayor Anthony George,” Representative Pashinski added.
“We are thrilled that Berkshire Hathaway Guard has chosen to continue to invest in the city of Wilkes-Barre and expand its national headquarters here. We were pleased to work with Sy Foguel and Carl Witkowski of Berkshire Hathaway Guard, Governor Wolf and the Governor’s Action Team, the Greater Wilkes-Barre Chamber of Commerce, Diamond City Partnership, Senator Yudichak, and Representative Pashinski on one of the largest economic development projects in the city’s history,” said City of Wilkes-Barre Mayor Tony George.
The Governor’s Action Team (GAT), working under the Department of Community and Economic Development (DCED) identified $855,000 in Job Creation Tax Credits and the City of Wilkes-Barre applied and was awarded a $1 million Local Share Assessment (LSA) grant on behalf of GUARD’s downtown headquarters project.
After renovations, the project will eclipse $10 million. The project is expected to create 285 new jobs over the next three years while retaining the 441 positions already based in Wilkes-Barre.