Statement from the Greater Wilkes-Barre Chamber of Business and Industry RE: Announcement of Berkshire Hathaway Guard Insurance Company’s Purchase and Expansion
WILKES-BARRE, PA (November 1, 2017): The Greater Wilkes-Barre Chamber of Business & Industry (“Chamber”) is commending today’s announcement that Berkshire Hathaway GUARD Insurance Companies (“GUARD”) will be relocating its headquarters, home office and operations to the Wilkes-Barre Center property at 39 Public Square and dramatically expanding its downtown presence and workforce.
During the past two years, the Chamber, the Diamond City Partnership, the City of Wilkes-Barre, the Commonwealth of Pennsylvania, and other partners have been working together to provide GUARD with facilities solutions to address the immediate and future needs of the company’s growing operations. Those efforts have resulted in GUARD’s announcement that it will be expanding its business operations in Downtown Wilkes-Barre.
Chamber President and CEO Wico Van Genderen stated: “GUARD’s $10 million corporate headquarters expansion means that Wilkes-Barre will retain 441 existing jobs and would add 285 new jobs under the company’s plans. In turn, the GUARD announcement brings nearly $40 million in future state and local tax revenue, substantial new ancillary spending benefiting downtown businesses and the local community, and - thanks to GUARD’s corporate commitment to local workforce development - a career pathway for even more area residents."
Van Genderen added that “GUARD is a cornerstone of the downtown Wilkes-Barre business community, and we are very fortunate to have them headquartered on our public square. While GUARD has called Wilkes-Barre its home since 1983, this announcement not only reinforces Guard in our community fabric, but it provides a growth path for expansion and a leadership attraction for other businesses to follow suit. As a result, the public funds in this project represent an investment in the future of Downtown Wilkes-Barre, the City, the Valley and the entire NEPA region.”