Governor DeWine and Lt. Governor Husted Announce New Projects Expected to Create More Than $12 Million in Investments
(COLUMBUS, Ohio)?Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the approval of assistance for five projects set to create 679 new jobs and retain 549 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $42 million in new payroll and spur more than $12 million in investments across Ohio. Projects approved by the TCA include:
NORTHEAST Iten Defense LLC, village of Saybrook (Ashtabula Co.), expects to create 102 full-time positions, generating $3.7 million in new annual payroll and retaining $3.1 million in existing payroll as a result of the company?s expansion project in Saybrook. Iten Defense manufactures advanced composite armor products that are used by customers for personal protection, military vehicles, watercraft, and aircraft. The TCA approved a 1.098 percent, seven-year Job Creation Tax Credit for this project.
SOUTHWEST Coterie Applications Inc., Blue Ash (Hamilton Co.), expects to create 10 full-time positions, generating $750,000 in new annual payroll and retaining $2.7 million in existing payroll as a result of the company?s expansion project in Blue Ash. Coterie is a commercial insurance company that creates insurance products and buying experiences. The TCA approved a 1.319 percent, six-year Job Creation Tax Credit for this project.
Divisions Inc. (DMG), Cincinnati (Hamilton Co.), expects to create 256 full-time positions, generating $25.6 million in new annual payroll and retaining $19.1 million in existing payroll as a result of the company?s new project in Cincinnati. DMG provides facility maintenance services. The TCA approved a 2.102 percent, 10-year Job Creation Tax Credit for this project.
EPC - Columbia Inc., Lebanon (Warren Co.), expects to create 50 full-time positions, generating $1.9 million in new annual payroll and retaining $1.1 million in existing payroll as a result of the company?s expansion project in Lebanon. EPC provides plastic injection molded products for major industries including automotive, appliances, medical, healthcare, and commercial food products. The TCA approved a 1.018 percent, six-year Job Creation Tax Credit for this project.
WESTERN Legrand North America LLC, city of Union (Montgomery Co.), expects to create 261 full-time positions, generating $10.3 million in new annual payroll and retaining $1.4 million in existing payroll as a result of the company?s new project in Union. Legrand provides electrical and digital building infrastructure. The TCA approved a 1.399 percent, eight-year Job Creation Tax Credit for this project.
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