New Projects Expected to Create More Than
$563 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 733 new jobs and retain 1,344 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 $58 million in new payroll and spur more than $563 million in investments across Ohio.
Projects approved by the TCA include:
NORTHEAST
CertainTeed Ceilings Corporation, city of Strongsville (Cuyahoga Co.), expects to create 38 full-time positions, generating $2.6 million in new annual payroll and retaining $1.7 million in existing payroll as a result of the company?s expansion project in Strongsville. CertainTeed manufactures and distributes building materials for residential and commercial building applications. The TCA approved a 1.398 percent, seven-year Job Creation Tax Credit for this project.
NORTHWEST
The Procter & Gamble Manufacturing Company (P&G), Bath Township (Allen Co.), expects to create 135 full-time positions, generating $10 million in new annual payroll and retaining $52.1 million in existing payroll as a result of the company?s expansion project in Bath Township. P&G is a consumer goods company specializing in a wide range of personal care and hygiene products. The TCA approved a 1.805 percent, nine-year Job Creation Tax Credit for this project.
WESTERN
Infinity Labs LLC, city of Dayton (Montgomery Co.), expects to create 160 full-time positions, generating $18 million in new annual payroll and retaining $2.2 million in existing payroll as a result of the company?s new project in Dayton. Infinity Labs centers on disruptive technologies, research and development (R&D), and delivering emerging capabilities to both industry and defense customers. The TCA approved a 2.028 percent, nine-year Job Creation Tax Credit for this project.
Apogee Engineering LLC, city of Fairborn (Greene Co.), expects to create 150 full-time positions, generating $15 million in new annual payroll and retaining $9 million in existing payroll as a result of the company?s expansion project in Fairborn. Apogee Engineering is a minority owned company that provides engineering, IT, and cybersecurity for defense and civilian customers. The TCA approved a 2.061 percent, nine-year Job Creation Tax Credit for this project.
Loc Performance Products LLC, city of St. Marys (Auglaize Co.), expects to create 250 full-time positions, generating $13 million in new annual payroll and retaining $21.6 million in existing payroll as a result of the company?s acquisition project in St. Marys. Loc Performance Products provides mobility systems, vehicle hulls, armored cabs, and armor kits for military and industrial applications. The TCA approved a 1.715 percent, nine-year Job Creation Tax Credit for this project.
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