Governor DeWine, Lt. Governor Husted Announce New Projects Expected to Create More Than
$1 Billion in Investments
(COLUMBUS, Ohio)?Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the approval of assistance for eight projects set to create 1,884 new jobs and retain 838 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 $129 million in new payroll and spur more than $1 billion in investments across Ohio.
Projects approved by the TCA include:
NORTHEAST
Axuall Inc., city of Cleveland (Cuyahoga Co.), expects to create 75 full-time positions, generating $7 million in new annual payroll and retaining $1.3 million in existing payroll as a result of the company?s startup project in Cleveland. Axuall provides digital credentialing in health care, including proof about identity, qualifications, credentials, and experience. The TCA approved a 1.770 percent, eight-year Job Creation Tax Credit for this project.
Zin Technologies Inc., city of Middleburg Heights (Cuyahoga Co.), expects to create 125 full-time positions, generating $11.8 million in new annual payroll and retaining $17.4 million in existing payroll as a result of the company?s expansion project in Middleburg Heights. Zin Technologies provides advanced engineering services and product development for NASA, the Department of Defense, and private industry. The TCA approved a 1.913 percent, nine-year Job Creation Tax Credit for this project.
NORTHWEST
Ice Industries Inc., city of Bowling Green (Wood Co.), expects to create 71 full-time positions, generating $3.8 million in new annual payroll as a result of the company?s expansion project in Bowling Green. Ice Industries provides stamping, fabrication, machining, welding, and assembly solutions. The TCA approved a 1.317 percent, seven-year Job Creation Tax Credit for this project.
SOUTHWEST
Glidepath Holdings Inc., city of Cincinnati (Hamilton Co.), expects to create 150 full-time positions, generating $12.8 million in new annual payroll and retaining $76.7 million in existing payroll as a result of the company?s expansion project in Cincinnati. Glidepath provides customized solutions for asset growth with reduced exposure to loss. The TCA approved a 1.928 percent, nine-year Job Creation Tax Credit for this project.
WESTERN
SEMCORP Manufacturing USA LLC, city of Sidney (Shelby Co.), expects to create 1,199 full-time positions, generating $73 million in new annual payroll as a result of the company?s new project in Sidney. SEMCORP manufactures separator film used within lithium-ion batteries. The company's main focus is within the EV battery market with business also in consumer electronics and energy storage systems. The TCA approved a 2.095 percent, 15-year Job Creation Tax Credit for this project.
CENTRAL
Behr Process Corporation, city of Heath (Licking Co.), expects to create 90 full-time positions, generating $4.4 million in new annual payroll as a result of the company?s new project in Heath. Behr supplies architectural paint and exterior wood care products to the U.S. and Canadian DIY markets. The TCA approved a 1.380 percent, seven-year Job Creation Tax Credit for this project.
Ortal USA Inc., city of Columbus (Franklin Co.), expects to create 24 full-time positions, generating $1.5 million in new annual payroll and retaining $400,000 in existing payroll as a result of the company?s new project in Columbus. Ortal USA provides modern fireplace design and installation. The TCA approved a 1.259 percent, six-year Job Creation Tax Credit for this project.
Orveon Global US LLC, city of Columbus (Franklin Co.), expects to create 150 full-time positions, generating $15 million in new annual payroll as a result of the company?s new project in Columbus. Orveon Global is a collective of premium beauty brands, primarily focused on cosmetic makeup, skin care, and fragrances. The TCA approved a 2.057 percent, 10-year Job Creation Tax Credit for this project.
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