A press release from the Ohio Department of Development, 6/28/05:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION PROJECTS TO CREATE 1,131 JOBS FOR OHIOANS

FOR IMMEDIATE RELEASE

June 28, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 16 companies involved in business location or expansion projects that if located in Ohio, are expected to create 1,131 jobs and retain 2,733 positions.

 

The Authority awarded tax credits to:

 

Gem Powder Coatings, LLC, proposed to be located in Athens (Athens County), has been awarded a 50 percent tax credit for a five-year term to expand its manufacturing operation. The value of the tax credit will be $32,491 over the term, and the company is required to maintain operations at the site for 10 years. Gem Coatings is involved in industrial and custom powder coating services, providing final finishing, sub-assembly, and just in time warehousing for its customers. If located in Athens, Gem Coatings will lease space from the Athens County Port Authority in a multi-tenant facility with the option to purchase. Ohio is in competition with West Virginia for this $500,000 project, which is expected to retain five positions and create 30 jobs within the first three years of the project’s initial operation.

 

Greater Ohio Ethanol (GOE), to be located in Lima (Allen County), has been awarded a 50 percent tax credit for a seven-year term to begin an ethanol production facility. The value of the tax credit will be $218,003 over the term, and the company is required to maintain operations at the site for 14 years. GOE proposes to construct a 56-million gallon ethanol production facility on a 60-acre site. The facility will produce fuel ethanol for blending with motor gasoline. The primary input to the process is corn, most of which is expected to originate from local sources. The more than $70 million project is expected to retain three positions and create 35 jobs within the first three years of the project’s initial operation. Other state assistance committed to the project includes a $5 million 166 Direct Loan and grants in amounts to be determined.

 

Sylorr Plant Corporation, located in Green Township (Wayne County), has been awarded a 55 percent tax credit for a five-year term to create a compost and topsoil facility. The value of the tax credit will be $75,952 over the term, and the company would be required to maintain operations at the site for 10 years. Spectrum Brands, Sylorr Plant Corp.'s parent company, is a major global manufacturer of consumer batteries, electric personal care products, lawn and garden products, and pet and insect control supplies. The Sylorr Plant division manufacturers the company's fertilizer and potting soil products. This proposed project includes the acquisition of an existing building, new machinery and equipment, renovations and additional construction for a new, state-of-the-art compost and topsoil manufacturing facility. Ohio is in competition with Indiana for this more than $5.6 million project, which is expected to retain 35 positions and create 39 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $19,500 Ohio Investment in Training Program grant.

 

Henkel Consumer Adhesives, Inc., located in Avon (Lorain County), has been awarded a 55 percent Job Creation Tax Credit for a six-year term to expand its distribution operation. The value of the tax credit will be $66,074 over the term, and the company would be required to maintain operations at the site for 12 years. HCA manufactures and sells products under the Duck®, Loctite®, and Painters Mate Green® brands in the U.S. and Canada, and the LePage® brand in Canada only. Products marketed under the Duck brand in the U.S. and Canada include: duct tape, painting tapes, mailing and shipping supplies, shelf liners, bath mats, energy efficiency products and office stationery products. HCA is part of The Henkel Group, a worldwide leader in adhesives and a European leader in laundry/home care and personal care products, based in Dusseldorf, Germany. The Henkel Group is currently executing a restructuring program launched in 2001, including the reorganization of production sites and continued product acquisitions in Europe, South America, Canada, and the United States. The proposed project includes the expansion of HCA's existing distribution operation in Avon to become a more regional distribution hub. The company plans to expand the existing building by adding 220,000 square feet of warehouse and manufacturing space. Ohio is in competition with Illinois, Pennsylvania and an East Coast Hub for this more than $10.7 million project, which is expected to retain 502 positions and create 25 jobs within the first three years of the project's initial operation.

 

Ernst and Moore Metal Technology (E&M), located in Moraine (Montgomery County), has been awarded a 55 percent tax credit for a six-year term to expand its manufacturing operation. The value of the tax credit will be $91,930 over the term, and the company is required to maintain operations at the site for 12 years. E&M is a new company, resulting from the combining of Moore Quality Tooling of Moraine and Ernst Umformtechnik (Ernst) of Germany. The company designs and builds stamping dies for the automotive, appliance, motorcycle and general metal stamping industries. The proposed project includes the expansion of the previously existing MQT operations to accommodate the new Ernst contracts. E&M will expand the previous MQT tool and die operation and add stamping capabilities by leasing additional space at its current facility. Ohio is in competition with Illinois, Indiana and Kentucky for this $3.5 million project, which is expected to retain 38 positions and create 25 jobs within the first three years of the project’s initial operation. Other state assistance committed for this project includes a $40,000 Ohio Investment in Training Program grant.

 

Truckland Ohio Holdings, Inc., to be located in Toledo (Lucas County), has been awarded a 55 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit will be $158,257 over the term, and the company is required to maintain operations at the site for 14 years. The company manufactures sleeper cabs for trucks, truck and van bodies and a line of high-end motor homes on medium duty chassis. The company has experienced an increase in demand for expedite trucks by major expedite carriers and plans to establish its second manufacturing facility (the other is located in Canada). Ohio is in competition with Michigan for this more than $5.4 million project, which is expected to create 40 jobs within the first three years of the projects initial operation. Other state assistance committed to this project includes a $100,000 Ohio Investment in Training Program grant.

 

Signstrut, Ltd., located in Delaware (Delaware County), has been awarded a 55 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit will be $461,204 over the term, and the company is required to maintain operations at the site for 14 years. Signstrut is the leading supplier of fascia-based outdoor signage to the retail petroleum market. Its customers include Shell, ExxonMobil, ConocoPhillips, and ChevronTexaco. The proposed project includes the consolidation of all existing Milwaukee Sign Company operations to Signstrut’s Delaware facility. Ohio is in competition with Wisconsin for this $585,000 project, which is expected to retain 114 positions and create 80 jobs within the first three years of the project’s initial operation.

 

American Showa, Inc.– Blanchester Plant, located in Blanchester (Clinton County), has been awarded a 55 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit will be $178,039 over the term, and the company would be required to maintain operations at the site for 14 years. American Showa is a Tier I automotive suppler and a recognized domestic leader in the production of shock absorbers, steering systems and drive train products used in the automobile and motorcycle industries. Showa Corporation and American Honda Motor Co. are its principal owners. The proposed project includes a new pump cover line and input shaft line that would produce parts currently manufactured by Showa Corporation in Japan. Ohio was in competition with Japan for this $12.5 million project, which is expected to retain 743 positions and create 45 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $100,000 Ohio Investment in Training Program grant.

 

Torque-Traction Integration Technologies, Inc. (TTIT), to be located in Toledo (Lucas County), has been awarded a 60 percent tax credit for a five-year term to begin operations. The value of the tax credit will be $262,048 over the term, and the company would be required to maintain operations at the site for 10 years. TTIT is a wholly owned subsidiary of Dana Corporation and manufactures and sells drive train modules, systems and components, consisting of axels, drive shafts, structures, and chassis and steering products for the automotive and light vehicle market. DaimlerChrysler has awarded TTIT the business to assemble the front-end module for its Jeep, beginning in August 2006 (with a one-year ramp up to begin in 2005). The proposed project includes TTIT leasing a 100,000 square-foot facility in Toledo to assemble front-end modules for Jeep. The $6 million project is expected to create 85 jobs within the first three years of the projects initial operation. Other state assistance committed to this project includes a $42,000 Ohio Investment in Training Program grant.

 

McMaster-Carr Supply Company, located in Aurora (Portage County), has been awarded a 60 percent tax credit for a six-year term to expand its distribution operation. The value of the tax credit will be $110,985 over the term, and the company is required to maintain operations at the site for 12 years. McMaster-Carr is a distributor of industrial supplies. The proposed project includes the expansion of McMaster-Carr’s existing Aurora regional headquarters operation to include a 250,000 square-foot addition to an existing warehouse facility. Ohio is in competition with Illinois and New Jersey for this $14.5 million project, which is expected to retain 497 positions and create 30 jobs within the first three years of the project’s initial operation.

 

Tremcar U.S.A., Inc., located in Strasburg (Tuscarawas County), has been awarded a 60 percent tax credit for a six-year term to expand its manufacturing and sales operation. The value of the tax credit will be $143,947 over the term, and the company is required to maintain operations at the site for 12 years. Tremcar offers sales, engineering, and technical expertise, including repairing, refurbishing, and testing and inspecting tanker trailers. The company also offers parts inventory for tanker trucks. The company proposes to purchase the existing seven-acre lot and 31,000 square-foot building it currently leases, and to purchase adjacent land to accommodate an expansion of its Ohio operation to include sales and manufacturing of tanker trailers for the bulk transportation industry. Ohio is in competition with Pennsylvania and Canada for this more than $1.2 million project, which is expected to retain 23 positions and create 43 jobs within the first three years of the projects initial operation. Other state assistance committed to this project includes a $22,000 Ohio Investment in Training Program grant.

 

Addison McKee, Inc., to be located in an as yet determined area of Southwestern Ohio, has been awarded a 60 percent tax credit for a six-year term to relocate and expand its tube forming equipment manufacturing operation. The value of the tax credit will be $148,529 over the term, and the company is required to maintain operations at the site for 12 years. The company has gradually evolved towards the tubing industry with the manufacture of tools to bend tubing on both horizontal and vertical benders as well as end forming tools. The company’s machines address tube manipulation applications such as tube forming, end forming, tube bending and tube cutting. As part of its expansion, Addison McKee plans to construct a 63,000 square-foot manufacturing facility on approximately 10 acres. Ohio is in competition with Kentucky for this more than $4.1 million project, which is expected to retain 126 positions and create 35 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $27,000 Ohio Investment in Training Program grant.

 

Coe Manufacturing Company, located in Painesville (Lake County), has been awarded a 60 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit will be $722,843 over the term, and the company is required to maintain operations at the site for 14 years. Coe has more than 100 years of experience in manufacturing, drying and handling equipment for the building products industry. The company offers custom designed systems to meet mill specifications for all types of softwood and hardwood production. The company provides durable machinery and equipment for gypsum wallboard and fiberboard plants worldwide. The proposed project includes the consolidation of two of Coe’s production facilities – Painesville, Ohio and Tigard, Oregon. If located in Painesville, the project would include relocation of existing equipment and operations from the Oregon facility, as well as $11.9 million in new machinery and equipment. Ohio is in competition with Oregon for this more than $12.9 million project, which is expected to retain 94 positions and create 146 jobs within the first three years of the project’s initial operation. Other state assistance committed to the project includes a $175,000 Ohio Investment in Training Program grant.

 

Solbar Proteins Technology, to be located in Orrville (Wayne County), has been awarded a 60 percent tax credit for an eight-year term to create a new soy protein manufacturing plant. The value of the tax credit will be $231,532 over the term, and the company would be required to maintain operations at the site for 16 years. Solbar Proteins Technology is a joint venture between Israel-based Solbar Industries Ltd. and Chicago-based Ingredients, Inc. Solbar produces soy protein concentrates, soy isolates, soy isoflavones and additional soy-based food and feed ingredients. Solbar’s sales and technical organizations serve more than 60 countries. The proposed project involves the construction of a 60,000 square-foot manufacturing facility along with surrounding buildings for warehousing and office space. The overall operation will include production, distribution and logistics, administration, and research and development. Ohio is in competition with Kansas, Iowa, Illinois and North Carolina for this $15 million project, which is expected to create 57 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $57,000 Ohio Investment in Training Program grant.

 

U.S. Bank, NA, located in Cincinnati (Hamilton County), has been awarded a 60 percent Job Creation Tax Credit for an eight-year term to expand its finance division operations. The value of the tax credit will be $550,371 over the term, and the company would be required to maintain operations at the site for 16 years. U.S. Bank provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services to consumers, businesses and institutions. The proposed project involves the expansion of finance division operations of U.S. Bank in a facility, known as the Textile Building, which houses 328 finance division employees. Ohio is in competition with Kentucky for this $600,000 project, which is expected to retain 328 positions and create 66 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $66,000 Ohio Investment in Training Program grant and a $50,000 Business Development grant.

 

Nationwide Mutual Insurance Company(Nationwide), located in Columbus (Franklin County), has been awarded a 65 percent tax credit for a 10-year term to consolidate and expand its finance and other business operations. The value of the tax credit will be more than $3.7 million over the term, and the company is required to maintain operations at the site for 20 years. Nationwide is considering the consolidation of its finance functions from offices throughout the U.S. to a single location. The proposed project could include construction of a 133,000 square-foot office building to house expanded business operations including finance. Ohio is in competition with Arizona and Iowa for this $20 million project, which is expected to retain 450 positions and create 350 jobs within the first three years of the project's initial operation. Other state assistance committed for this project includes a $300,000 Ohio Investment in Training Program grant.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. Some of the additional state assistance is contingent upon the approval of the State Controlling Board.

 

http://www.odod.state.oh.us/newsroom/releases/1279.asp

From an ODOD press release, 7/25/05:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION PROJECTS TO CREATE 1,294 JOBS FOR OHIOANS

FOR IMMEDIATE RELEASE

July 25, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for nine companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,294 jobs and retain 1,269 positions.

 

The Authority awarded tax credits to:

 

Roadway Express, Inc., located in Toledo (Lucas County), has been awarded a 55 percent tax credit for a five-year term to expand operations. The value of the tax credit will be $418,738 over the term, and the company is required to maintain operations at the site for 10 years. Roadway Express, Inc. is a provider of logistical services and proposes to create a centralized billing processing facility and expand its regional service center, which will serve terminals along the Eastern U.S. For the regional service center, the company is looking to consolidate two existing operations into a single facility. Ohio is in competition with Texas, New York and Michigan for this more than $1.2 million project, which is expected to retain 384 positions and create 121 jobs within the first three years of the project’s initial operation.

 

Zwanenberg Food Group U.S., to be located in Green Township (Hamilton County), has been awarded a 55 percent tax credit for an eight-year term to create a manufacturing and headquarters operation. The value of the tax credit will be $304,297 over the term, and the company is required to maintain operations at the site for 16 years. Zwanenberg Food Group, based in The Netherlands, is one of the leading producers of meat, sausage and canned meat in Europe, exporting its products to more than 100 countries. Currently, Zwanenberg’s only U.S. presence is a sales office in Morristown, New Jersey. The proposed project includes the acquisition of and improvements to an existing property in Green Township to house the company’s new U.S. headquarters, manufacturing and food processing facility and research and development complex. Zwanenberg also plans to relocate its U.S. sales office from New Jersey to the Green Township location. Ohio is in competition with Tennessee and New Jersey for this more than $4.6 million project, which is expected to create 52 jobs within the first three years of the project’s initial operation.

 

Rumpke of Ohio, Inc., to be located in Hamilton Township (Lawrence County), has been awarded a 55 percent tax credit for an eight-year term to relocate and expand its regional sales, recycling, and transfer facility, currently located in Ashland, Kentucky. The value of the tax credit will be $127,210 over the term, and the company would be required to maintain operations at the site for 16 years. The Rumpke Corporation is a leader in the field of recycling and maintains strong sales in recyclable materials such as plastics, metals, papers, and glass. To accommodate the company’s relocation and expansion needs, the Lawrence Country Port Authority, in conjunction with Rumpke, plans to construct a 38,000 square-foot multipurpose industrial metal facility and purchase machinery and equipment. Ohio was in competition with Kentucky for this more than $4.2 million project, which is expected to create 41 jobs within the first three years of the project’s initial operation in this county, located in Ohio’s Appalachian region. Other state assistance committed to this project includes a $600,000 Pioneer Rural Investment Loan and a $25,000 Ohio Investment in Training Program grant.

 

Talan Products, Inc., located in Cleveland (Cuyahoga County), has been awarded a 55 percent Job Creation Tax Credit for an eight-year term to expand its manufacturing operation. The value of the tax credit will be $152,192 over the term, and the company would be required to maintain operations at the site for 16 years. Talan is a full-service metal stamping company and manufacturer of tooling and engineered parts for the construction, consumer appliance, hardware, defense and automotive markets. The company proposes to lease a larger facility, giving it the ability to reduce operating costs through increased process efficiencies. This $1.35 million project is expected to retain 39 positions and create 45 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $40,000 Ohio Investment in Training Program grant.

 

American Micro Products, located in Batavia (Clermont County), has been awarded a 55 percent tax credit for an eight-year term to expand its manufacturing operation. The value of the tax credit will be $298,510 over the term, and the company is required to maintain operations at the site for 16 years. AMP is a leader in the field of precision-machined components. With the growing need for precision components and hermetically sealed connectors, AMP serves a variety of industries, from braking systems manufacturers to medical instruments to aerospace companies to valve and fitting manufacturers. The proposed project will include the expansion of the company’s manufacturing operations at its existing facility, and the investment of at least $3.6 million in new machinery and equipment. Ohio is in competition with Kentucky for this $3.6 million project, which is expected to retain 170 positions and create 70 jobs within the first three years of the project’s initial operation. Other state assistance committed for this project includes a $1 million 166 Direct Loan and a $39,000 Ohio Investment in Training Program grant.

 

Stone Barn, LLC dba Steve & Barry’s University Sportswear, to be located in Columbus (Franklin County), has been awarded a 60 percent tax credit for a five-year term to relocate and expand its central distribution operation. The value of the tax credit will be $392,820 over the term, and the company is required to maintain operations at the site for 10 years. Steve & Barry’s is one of the largest retailers of collegiate licensed apparel in the United States. The company currently operates one central distribution center for all of its retail stores and must expand to accommodate its growth. Steve & Barry’s is considering the lease of 1.2 million square feet within the former Sears Distribution facility located at 4545 Fisher Road. The facility would provide all products to the company’s retail locations, including merchandise and store fixtures. Ohio is in competition with Kentucky, Pennsylvania, Michigan and Maryland for this $3.2 million project, which is expected to create 250 jobs within the first three years of the projects initial operation. Other state assistance committed to this project includes a $1 million 166 Direct Loan and an $87,500 Ohio Investment in Training Program grant.

 

THI Holdings (Delaware), Inc., located in Mayfield Heights (Cuyahoga County), has been awarded a 60 percent tax credit for a 10-year term to expand its headquarters operation. The value of the tax credit will be more than $3 million over the term, and the company is required to maintain operations at the project site for 20 years. THI, a subsidiary of Nationwide Mutual Insurance Company, is headquartered in Mayfield Heights and is a specialty products insurance carrier. The growing company must expand its operations, and is considering several locations and conducting a cost/benefit analysis of each site before a final decision is made. The proposed project includes the lease of a facility where THI could relocate existing positions from its Mayfield Heights headquarters. This expansion would include growth in the claims department and other operational functions, specifically focused on customer service, claims processing and other operational or administrative functions. Ohio is in competition with Michigan, Texas and Arizona for this $492,432 project, which is expected to retain and/or maintain 321 positions and create 250 jobs within the first three years of the project's initial operation.

 

Safe Auto Insurance Group, Inc., located in Columbus (Franklin County), has been awarded a 65 percent tax credit for a nine-year term to relocate and expand its corporate headquarters and call center operations. The value of the tax credit will be more than $1.4 million over the term, and the company would be required to maintain operations at the site for 18 years. Safe Auto is a fast-growing, consumer-direct insurance company specializing in marketing and underwriting state required minimum limits on personal automobile insurance coverage. The company markets premiums in 12 states. The company proposes to build a 120,000 square-foot facility in the city of Columbus where it would relocate and combine its current Whitehall headquarters and two existing call centers, one in Whitehall and one in Columbus. Ohio is in competition with Arizona for this more than $19 million project, which is expected to retain at least 496 positions and create 175 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $300,000 Ohio Investment in Training Program grant.

 

ASTAR Air Cargo, to be located in Wilmington (Clinton County), has been awarded a 75 percent tax credit for a 15-year term to relocate its air cargo operation from Kentucky. The value of the tax credit will be more than $10.2 million over the term, and the company is required to maintain operations at the site for 30 years. ASTAR is the largest privately held all-cargo airline in the United States, providing services to DHL pursuant to a long-term service agreement between the companies. ASTAR also provides airfreight services to other parties, including departments and agencies of the U.S. government. Ohio is in competition with Florida and Kentucky for this $23.5 million project, which is expected to create 290 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $300,000 Ohio Investment in Training Program grant.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. Some of the additional state assistance is contingent upon the approval of the State Controlling Board.

 

http://www.odod.state.oh.us/newsroom/releases/1292.asp

 

A press release from the Ohio Department of Development, 9/26/05:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION PROJECTS TO CREATE 1,673 JOBS FOR OHIOANS

FOR IMMEDIATE RELEASE

September 26, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 15 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,673 jobs and retain 2,086 positions.

 

InfoCision Management Corporation, to be located in Columbus (Franklin County), has been awarded a 50 percent tax credit for a five-year term to establish a call center operation. The value of the tax credit will be $236,112 over the term, and the company would be required to maintain operations at the site for 10 years. InfoCision is a leading provider of outbound and inbound services for nonprofit, religious, political and commercial organizations. The company proposes to lease approximately 20,000 square feet of space within 200 East Crosswoods Center where it would establish a call center operation. Ohio is in competition with Pennsylvania and West Virginia for this more than $1 million project, which is expected to create 250 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes an Ohio Investment in Training Program grant at an amount that has not yet been determined.

 

Jenne Distributors, Inc. & Jenne Family LLP, located in Avon (Lorain County), has been awarded a 50 percent tax credit for a seven-year term to expand its distribution operation. The value of the tax credit will be $192,292 over the term, and the company is required to maintain operations at the site for 14 years. Jenne is a leading North American distributor of business telephone and computer telephony products. Jenne has experienced significant sales and employment growth in recent years and finds it necessary to expand to remain competitive and grow further. The proposed project includes constructing a 30,000 square-foot expansion of the company’s existing service/distribution facility and purchasing new machinery and equipment. The more than $3.4 million project is expected to retain 66 positions and create 30 jobs within the first three years of the project’s initial operation.

 

First State Plastics, Inc. (FSP), to be located in Toledo (Lucas County), has been awarded a 55 percent tax credit for a five-year term to establish a manufacturing facility. The value of the tax credit will be $136,713 over the term, and the company would be required to maintain operations at the site for 10 years. FSP recycles post-industrial plastic scrap material that it later sells to compounders, fabricators and molders. The proposed project includes the establishment of a scrap plastics recycling facility in Northwest Ohio or Southern Michigan. The $575,000 project is expected to create 48 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes an Ohio Investment in Training Program grant and a 166 Direct Loan at amounts to be determined.

 

The Dannon Company, Inc., located in Minster (Auglaize County), has been awarded a 55 percent Job Creation Tax Credit for a six-year term to expand its manufacturing operation. If the company chooses to expand in Minster, the value of the tax credit would be $175,398 over the term, and the

company would be required to maintain operations at the site for 12 years. This facility is Dannon's largest manufacturing operation in the US and one of the largest yogurt processing facilities in the world. The proposed project includes the expansion of the cultured dairy products manufacturing

facility by adding processing and packaging equipment. Ohio is in competition with Texas and Utah for this multi-million dollar project, which, if located in Ohio, is expected to retain 390 positions and create 34 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $312,000 Community Development Block grant and a $38,000 Ohio Investment in Training Program grant.

 

American Way Manufacturing, Inc., Peak Land Development, LLC and Group Management Services, to be located in Lordstown (Trumbull County), have been awarded a 55 percent tax credit for a six-year term to expand its manufacturing operation. The value of the tax credit will be $61,828 over the term, and the company is required to maintain operations at the site for 12 years. AWM manufactures and fabricates outdoor vinyl fencing, railings and related railing components. The company is considering an expansion, which if located in Trumbull County, would include the relocation of its existing manufacturing operations from North Jackson (Mahoning County). The company expects to construct a 50,000 square-foot facility and invest in new machinery and equipment. Ohio is in competition with Pennsylvania for this more than $2.3 million project, which is expected to retain 26 positions and create 31 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $1 million 166 Direct Loan and a $12,400 Ohio Investment in Training Program grant.

 

Member Health, Inc., located in Solon (Cuyahoga County), has been awarded a 55 percent tax credit for a seven-year term to expand operations. The value of the tax credit will be nearly $1.5 million over the term, and the company would be required to maintain operations at the site for 14 years. MemberHealth operates a prescription benefit management organization, and administers the operation of packaged health benefit discount programs. The company is a leading administrator of the Medicare-approved Discount Drug Card program and expects future growth. Ohio is in competition with New York and Florida for this $830,000 project, which if located in Ohio is expected to retain 45 positions and create 189 jobs within the first three years of the projects initial operation. Other state assistance committed to this project includes a $75,000 Ohio Investment in Training Program grant.

 

Clark-Reliance Corporation, located in Strongsville (Cuyahoga County), has been awarded a 55 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit will be $345,065 over the term, and the company is required to maintain operations at the project site for 14 years. Clark-Reliance manufactures boiler trim, gages and related instrumentation for level detection and also manufactures pressure vessels and separation equipment to filter particulates from gas streams. The company proposes to consolidate operations in Georgia and Pennsylvania into its Strongsville operation. Ohio is in competition with Georgia and Pennsylvania for this more than $1.9 million project, which is expected to retain 108 positions and create 50 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $100,000 Ohio Investment in Training Program grant.

 

Dealer Tire, LLC, located in Cleveland (Cuyahoga County), has been awarded a 55 percent tax credit for a seven-year term to expand its headquarters operation. The value of the tax credit will be $311,964 over the term, and the company would be required to maintain operations at the site for 14 years. Dealer Tire is a national wholesaler of tires to car dealerships and is experiencing significant growth. The company proposes to expand its headquarters operation to accommodate this increased business. Ohio is in competition with North Carolina and South Carolina for this $13.3 million project, which is expected to retain 133 positions and create 38 jobs within the first three years of the project’s initial operation.

 

Sypris Technologies Kenton, Inc. (STK), located in Kenton (Hardin County), has been awarded a 60 percent tax credit for a five-year term to expand its manufacturing operation. The value of the tax credit will be $204,308 over the term, and the company is required to maintain operations at the site for 10 years. STK specializes in the manufacture of trailer axel beams for the truck components and assemblies market. The proposed project includes an expansion to accommodate forming heavy-duty drive axels and creating seam welding manufacturing capabilities. Ohio is in competition with North Carolina and Mexico for this $7.8 million project, which is expected to retain 275 positions and create 80 jobs within the first three years of the project’s initial operation.

 

Faurecia Interior Systems USA Inc. has been awarded a 60 percent tax credit for a seven-year term to establish a manufacturing operation in Northwood (Wood County). If the company chooses to locate this operation in Northwood, the value of the tax credit would be $490,448 over the term and Faurecia would be required to maintain operations at the site for 14 years. Faurecia is a Tier I supplier of automobile interior systems including: seats, cockpits, door panels, acoustics and soft trim, front-end and exhaust systems. The company is considering a new location in Northwood where it would create an interior system assembly operation to accommodate new North American OEM contracts to supply interior systems to customers in Ohio and Michigan. Ohio is in competition with Michigan for this $3.75 million project, which is expected to create 95 jobs within the first three years of the project’s initial operation.

 

UPS Supply Chain Solutions, Inc. (UPS-SCS), to be located in Cuyahoga County, has been awarded a 60 percent tax credit for a seven-year term to expand operations. The value of the tax credit will be $553,777 over the term, and the company is required to maintain operations at the project site for 14 years. UPS is a global company that manages the flow of goods, funds and information in more than 200 countries and territories worldwide. The company proposes to expand its central region processing center for the international brokerage operations of UPS-SCS. Ohio is in competition with existing operations in other states for this $358,000 project, which is expected to retain 204 positions and create 160 jobs within the first three years of the project's initial operation.

 

ProtecPac USA, Inc., to be located in Sidney (Shelby County), has been awarded a 65 percent tax credit for a five-year term to establish a manufacturing operation. The value of the tax credit will be $311,056 over the term, and the company would be required to maintain operations at the site for 10 years. ProtecPac USA is a newly formed operation that will be the United States manufacturing arm of ProtecPac, Inc., a corporation based in Canada. The products to be manufactured at the U.S. facility will include packaging products and building industry products. The company plans to lease a 42,000 square-foot manufacturing facility and invest in machinery and equipment. Ohio is in competition with Indiana for this more than $3.9 million project, which is expected to create 100 jobs within the first three years of the project’s initial operation.

 

Fisher & Paykel Laundry Manufacturing, Inc., to be located in Clyde (Sandusky County), has been awarded a 65 percent tax credit for a five-year term to establish a manufacturing operation. The value of the tax credit will be $355,452 over the term, and the company is required to maintain operations at the site for 10 years. F&P, founded in 1934 in New Zealand, designs, manufactures and markets a range of innovative household appliances including: refrigerators and freezers, washers and dryers, ovens and cook tops, dishwashers and its highly successful Dishdrawer. The company is considering relocating its Australian manufacturing plant to this new facility, which will be the company’s first U.S. manufacturing operation. F&P plans to lease a 100,000 square-foot facility where it would manufacture washers and motors for washers. Ohio is in competition with California, North Carolina and Mexico for this more than $30.7 million project, which is expected to create 118 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $35,400 Ohio Investment in Training Program grant.

 

The Midland Company, located in Amelia (Clermont County), has been awarded a 65 percent tax credit for an eight-year term to expand its headquarters operation. The value of the tax credit will be more than $1.2 million over the term, and the company is required to maintain operations at the project site for 16 years. Midland is a provider of specialty insurance products and services and consists of two primary subsidiaries: American Modern Insurance Group (AMIG) and M/G Transport Services, Inc. (M/G). AMIG has a particular focus on short-term, personal lines, property insurance products, including physical damage insurance and related coverage for manufactured homes, motorcycles, watercraft, recreational vehicles, collectible automobiles, and snowmobiles. M/G currently charters barges and brokers freight for the movement of commodities on the inland waterways. The proposed project includes the expansion of Midland’s current corporate headquarters facility and a training center. Ohio is in competition with Kentucky for this $29 million project, which is expected to retain 839 positions and create 150 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $200,000 Roadwork Development grant and a $100,000 Ohio Investment in Training Program grant.

 

Abercrombie & Fitch Co. (A&F), located in New Albany (Franklin County), has been awarded a 70 percent tax credit for a 10-year term to expand operations. The value of the tax credit is expected to be more than $3.4 million over the term and the company will be required to maintain operations at the site for at least 20 years. A&F is a leading specialty retailer of clothing and related merchandise targeted to pre-teens, teens and young adults. The company proposes to expand its existing headquarters and distribution operations by constructing a new 700,000 square-foot building on its campus. The distribution center will provide merchandise directly to A&F retail stores throughout the United States, as well as directly to it’s catalog and Web customers. Ohio was in competition with Nevada, Arizona and New Mexico for this $80 million project, which is expected to create 300 jobs within the first three years of the projects initial operation.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. Some of the additional state assistance is contingent upon the approval of the State Controlling Board.

 

http://www.odod.state.oh.us/newsroom/releases/1332.asp

 

Not a one in Cincinnati, our State goverment is useless.

From an ODOD press release:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION PROJECTS TO CREATE 1,029 JOBS FOR OHIOANS

FOR IMMEDIATE RELEASE

October 31, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 18 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,029 jobs and retain 1,204 positions.

 

Crawford Machine, Inc. and J/H Real Estate of Galion, located in Galion (Crawford County), has been awarded a 50 percent tax credit for a five-year term to expand its manufacturing facility. The value of the tax credit will be $52,376 over the term and the company would be required to maintain operations at the site for 10 years. The company manufactures parts primarily for the semi trailer industry including: hoses, fittings, couplings, braking components for air brakes and air tanks. CMI supplies parts to OEMs in the new vehicle market and after-market sectors. The company plans to acquire a 144,000 square-foot building located across the street from its current facility, where it will make improvements and install new machinery and equipment. The $2.5 million project is expected to retain 85 positions and create 40 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $1 million 166 Direct Loan, a $12,000 Ohio Investment in Training Program grant and a $500,000 Community Development Block Grant.

 

The Garden City Group, Inc., located in Dublin (Franklin County), has been awarded a 50 percent tax credit for a five-year term to expand its in-house processing center and regional headquarters. The value of the tax credit will be $220,129 over the term and the company is required to maintain operations at the site for 10 years. Garden City is a technology-driven organization led by a team of experts from information technology, management and law and provides diversified legal administration services for counsel and corporations, addressing a variety of legal service issues and challenges. The company plans to lease a 50,000 square-foot office building for use as an in-house processing center and corporate headquarters. Ohio is in competition with New York, Washington and California for this more than $1.5 million project, which is expected to retain 36 positions and create 89 jobs within the first three years of the project's initial operation. Other state assistance committed for this project includes a $44,000 Ohio Investment in Training Program grant.

 

Intellinetics, Inc., located in Columbus (Franklin County), has been awarded a 50 percent tax credit for a five-year term to relocate and expand its software manufacturing operation. The value of the tax credit will be $60,386 over the term and the company would be required to maintain operations at the site for 10 years. Intellinetics creates software that takes information from archived paper and/or electronic files and makes it highly searchable and accessible at a fast speed and easily distributable via the Internet, wireless devices and other means. Intellinetics systems are customized for use in private sector business, government and public safety agencies. The company plans to expand its software development and servicing operation, and proposes to lease a 24,000 square-foot existing facility and acquire new computer systems and network equipment. Ohio is in competition with Colorado and Arizona for this $150,000 project, which is expected to retain 11 positions and create 11 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $22,000 Ohio Investment in Training Program grant.

 

MTD Acquisitions, LLC (dba Mutual Tool), located in Dayton (Montgomery County), has been awarded a 50 percent Job Creation Tax Credit for a five-year term to expand its manufacturing operation. The value of the tax credit will be $88,410 over the term, and the company would be required to maintain operations at the site for 10 years. MTD manufactures tools for companies located throughout the United States and plans to renovate its 100,900 square-foot leased facility to meet the needs of its growth. Ohio is in competition with Indiana and several East Coast states for this more than $1.8 million project, which if located in Ohio, is expected to retain 70 positions and create 30 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $20,000 Ohio Investment in Training Program grant.

 

The Drop Spot, located in Hilliard (Franklin County), has been awarded a 55 percent tax credit for a five-year term to expand its eBay software development operation. The value of the tax credit will be $142,000 over the term and the company is required to maintain operations at the site for 10 years. The Drop Spot is positioning itself to be the systems-driven leader in the third-party (store-in-store) drop-off model. The company’s software system benefits merchants through increased traffic and its key capabilities include software for efficient eBay auction management, centralized eBay expertise and market knowledge and repeatable best practices for all personnel throughout the process. The company plans to relocate its existing software development operation to a larger 12,000 square-foot facility and acquire machinery and equipment. Ohio is in competition with Colorado, Virginia and North Carolina for this $646,820 project, which is expected to retain seven positions and create 30 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $30,000 Ohio Investment in Training Program grant.

 

Applied Technology Systems, Inc. (ATSI), located in Cleveland (Cuyahoga County), has been awarded a 55 percent tax credit for a five-year term to relocate its headquarters operation from Virginia to Cleveland and expand its existing operations. The value of the tax credit will be $234,123 over the term and the company would be required to maintain operations at the site for 10 years. ATSI is a 100% minority-owned corporation that provides services to government agencies, private corporations, foundations and other organizations in Ohio and other states. ATSI anticipates substantial growth in the coming years, and the tax credit will assist the company with managing the cost of such expansion, enabling ATSI to maintain its competitiveness and to attract and retain highly skilled technical personnel. Ohio is in competition with Michigan, Kentucky and Texas for this $373,000 project, which is expected to retain one position, maintain/relocate 131 positions and create 30 new jobs within the first three years of the projects initial operation.

 

Klosterman Baking Company, Inc., to be located in Springboro (Warren County), has been awarded a 55 percent tax credit for a five-year term to begin a manufacturing operation. The value of the tax credit will be $124,512 over the term, and the company is required to maintain operations at the project site for 10 years. Klosterman specializes in baking bread products for the restaurant industry, and supplies restaurants throughout the Midwest with assorted buns and other bread products. The company operates three bakeries that service customers throughout the Midwest and plans to purchase a 66,000 square-foot facility and new machinery and equipment to expand its product line. Ohio is in competition with Kentucky for this $5.5 million project, which is expected to create 42 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $35,700 Ohio Investment in Training Program grant, a $5 million Ohio Enterprise Fund Bond and an $1 million 166 Direct Loan.

 

Chasm Industries Ohio, Inc., located in Columbus (Franklin County), has been awarded a 55 percent tax credit for a six-year term to relocate and expand its manufacturing operations. The value of the tax credit will be $238,023 over the term, and the company would be required to maintain operations at the site for 12 years. Chasm Industries is the result of the acquisition of Market2Market LLC, which was operating as a Value Recovery Center. Chasm Industries Ohio recycles the raw materials of obsolete electronic equipment from across the continental U.S. and plans to relocate its manufacturing operations from its existing plant in Hilliard to a leased 156,641 square-foot existing building located in Columbus. Ohio is in competition with Mississippi for this more than $3.2 million project, which is expected to retain 21 positions and create 100 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $1.25 million 166 Direct Loan, a $50,000 Ohio Investment in Training Program grant and a $40,000 Business Development Grant.

 

Noble Metal Processing - Ohio, LLC, has been awarded a 55 percent tax credit for a six-year term to begin a manufacturing operation in Stow (Summit County). The value of the tax credit will be $190,018 over the term, and the company is required to maintain operations at the site for 12 years. Noble is the leading supplier of laser-welded blanks to the North American Automotive industry, offering advanced laser-weld design and engineering services to original equipment manufacturers (OEM) and Tier One or Two automotive suppliers, allowing them to increase productivity and control costs. The company proposes to lease 61,000 square feet of space in an existing building for its new laser-welding manufacturing facility that would supply laser-welded blanks to at least two major automakers. Ohio is in competition with Michigan and Canada for this $2.7 million project, which is expected to create 45 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $30,500 Ohio Investment in Training Program grant.

 

Century Mold Company, Inc., located in Monroe (Butler County), has been awarded a 55 percent tax credit for a six-year term to expand its molded plastic parts operation. The value of the tax credit is expected to be $254,341 over the term and the company would be required to maintain operations at the site for 12 years. Century Mold is engaged primarily in design, manufacturing and sale of molded plastic parts and related tooling. The company's primary customers are Tier 1 automotive suppliers. Approximately two-thirds of the automobiles built in North America contain parts produced by Century Mold. The company proposes to purchase an existing 48,000 square-foot manufacturing facility where it plans to make improvements and purchase machinery and equipment. Ohio is in competition with Indiana for this more than $7 million project, which is expected to create 75 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $2 million 166 Direct Loan and a $39,000 Ohio Investment in Training Program grant.

 

Electronic Design for Industry, Inc., located in Dunham Township (Washington County), has been awarded a 55 percent tax credit for a six-year term to establish a manufacturing operation. The value of the tax credit will be $100,935 over the term, and the company is required to maintain operations at the project site for 12 years. EDI designs, develops and manufactures plungerlift controller and peripheral equipment used in the oil and gas industry, and has developed a broad market across the United States and Canada. The proposed project includes the consolidation of the company's two facilities in the City of Marietta (also in Washington County) to an existing 24,000 square-foot facility in Dunham Township. The facility will be owned by a related real estate holding company. Ohio is in competition with West Virginia for this $1.7 million project, which is expected to retain 36 positions and create 33 jobs within the first three years of the project's initial operation.

 

QPI Tools, Inc. and MCG Family Limited Partnership, to be located in Island Creek Township (Jefferson County), has been awarded a 55 percent tax credit for a seven-year term to relocate and expand its office and manufacturing operations from Pennsylvania. The value of the tax credit will be $142,737 over the term and the company would be required to maintain operations at the site for 14 years. QPI manufactures specialty lawn and garden equipment, focusing on long handled contractor grade tools including shingle removers and floor scrappers that sell in the lawn and garden category. QPI has also developed a complete line of specialty lawn and garden products. The company proposes to consolidate its office and manufacturing operations to a single facility and plans to relocate to a 35,000 square-foot building and construct a 2,000 square-foot addition for the office operations. Ohio is in competition with Pennsylvania for this $985,000 project, which is expected to create 40 jobs within the first three years of the project's initial operation.

 

Ontario Systems, LLC, located in Paint Township (Holmes County), has been awarded a 60 percent tax credit for a five-year term to expand operations. The value of the tax credit will be $170,748 over the term, and the company is required to maintain operations at the site for 10 years. Ontario Systems provides an integrated suite of products that prioritize and track accounts receivable for first party (credit grantors) and third party (collection agencies) agencies. The company currently has more than 500 client offices and works with markets that include: collections, legal collections, healthcare, bank cards, retail, teleservices, credit card processing, debt purchasing, and student loans. Ohio is in competition with Indiana for this $125,000 project, which is expected to retain 43 positions and create 118 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $50,000 Ohio Investment in Training Program grant.

 

Smiths Medical ASD, Inc., located in Dublin (Franklin County), has been awarded a 60 percent tax credit for a five-year term to establish a Shared Services Center and expand its manufacturing operations. The value of the tax credit will be $711,448 over the term, and the company is required to maintain operations at the project site for 10 years. The Smiths Medical operation in Dublin was originally formed as Medex, Inc., where it produced a variety of disposable plastic and electronic hospital care products and electronic hardware for distribution worldwide. The company has key markets in a number of areas in the health care industry. In 2005, Medex, Inc. was purchased by Smiths Group and was incorporated into the Smiths Medical business unit. In addition to Ohio, the company considered existing locations in Minnesota and New Hampshire for its North American Shared Service Center, as it plans to consolidate some shared service functions of these three facilities into a single operation. The more than $5.7 million project is expected to retain 417 positions and create 125 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $150,000 Ohio Investment in Training Program grant.

 

Peak Performance Solutions, Inc. (PPSI), to be located in Scioto Township (Pickaway County), has been awarded a 60 percent tax credit for a five-year term to begin operations. The value of the tax credit is expected to be more $414,950 over the term and the company will be required to maintain operations at the site for 10 years. PPSI is a privately-owned company that acquires firms in the insurance technology industry. The proposed project includes the relocation of the company's operations from Hoboken, NJ to Scioto Township where it will construct a 15,000 square-foot headquarters facility and data center. The site will support the company's national insurance specific technology software and services along with hosting and ASP services for its customers. Ohio was in competition with New Jersey for this more than $1.7 million project, which is expected to create 104 jobs within the first three years of the projects initial operation. Other state assistance committed to this project includes a $700,000 166 Direct Loan, a $100,000 Business Development Grant and $200,000 from the Worker Guarantee Program.

 

Systran dba Curtiss-Wright Controls Embedded Computing - Dayton (CWC), located in Fairborn (Greene County), has been awarded a 60 percent tax credit for a five-year term to relocate and expand its research and development operation. The value of the tax credit will be $241,442 over the term and the company is required to maintain operations at the site for 10 years. CWC provides research and development laboratory services for the service, defense, commercial aerospace industries and other markets. The proposed project includes the relocation of the company's operations from the City of Riverside to the City of Fairborn. CWC plans to lease a 40,000 square-foot facility that will be constructed and owned by an unrelated third-party developer. At this site, Systran will conduct R&D and engineering operations and account sales to support commercial and defense industry data communication products. Ohio is in competition with other states for this $100,000 project, which is expected to retain 72 positions and create 28 jobs within the first three years of the project's initial operation.

 

G.E. Bucyrus Lamp Plant, located in Bucyrus (Crawford County), has been awarded a 60 percent tax credit for a nine-year term to expand its manufacturing operation. The value of the tax credit will be $568,378 over the term, and the company would be required to maintain operations at the site for 18 years. GE has operated the Bucyrus Lamp Plant since 1942, producing fluorescent lamps. The facility has been expanded numerous times and currently totals 460,000 square feet on 19 acres, producing 75 million lamps annually. The company is in the process of converting T-12 Lamp lines to T-8 Lamp line which is smaller in diameter, more energy efficient and is seeing increased demand in the marketplace. The company is considering either 1) converting the T-12 lines in Bucyrus to T-8 lines, or 2) implementing a T-8 expansion at its Oakville, Ontario facility. If the company selects the Bucyrus location for this project, it will convert an existing T-12 production line to T-8 Lamp design capability. Ohio is in competition with Canada for this $13 million project, which is expected to retain 158 positions and create 56 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $175,000 Business Development Grant and a $150,000 Ohio Investment in Training Program grant.

 

Rhein Chemie Corporation, located in Chardon (Geauga County), has been offered a 65 percent Job Creation Tax Credit for a seven-year term to relocate its headquarters operation and expand its manufacturing facility. The value of the tax credit will be $270,210 over the term, and the company would be required to maintain operations at the site for 14 years. Rhein Chemie manufactures additives for the rubber, plastics and lubricants industries. The company is considering the relocation of its headquarters and manufacturing operations from New Jersey to its existing operations in Chardon. In addition to the product already manufactured in Chardon, the relocation of the New Jersey line would significantly expand the Ohio product line. Ohio is in competition Pennsylvania and South Carolina for this more than $5.1 million project, which is expected to retain 116 positions and create 33 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $50,000 Business Development grant and a $50,000 Ohio Investment in Training Program grant.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. Some of the additional state assistance is contingent upon the approval of the State Controlling Board.

 

http://www.odod.state.oh.us/newsroom/releases/1357.asp

 

A press release from the Ohio Department of Development, 12/5/05:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Projects to create 1,734 jobs for Ohioans

FOR IMMEDIATE RELEASE

December 5, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 18 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,734 jobs and retain 3,532 positions.

 

InfoCision Management Corporation, to be located in Riverside (Montgomery County), has been awarded a 50 percent tax credit for a five-year term to establish an inbound and outbound call center operation. The value of the tax credit would be $236,112 over the term and the company would be required to maintain operations at the site for 10 years. InfoCision provides inbound and outbound telephone marketing, e-commerce and e-business solutions, and offers Internet, letter shop, and product fulfillment services. The company is a leading provider of outbound and inbound services for nonprofit, religious, political, and Fortune 500 companies and small businesses. Ohio is in competition with Pennsylvania and West Virginia for this more than $1.2 million project, which is expected to create 250 jobs within the first three years of the project's initial operation.

 

Ferguson Tools, Inc., located in Edgerton (Williams County), has been awarded a 50 percent tax credit for a five-year term to expand operations. The value of the tax credit will be $61,078 over the term and the company is required to maintain operations at the site for 10 years. Ferguson Tools manufactures specialty-cutting tools for the aerospace, automotive, machine tool, heavy equipment and defense industries. The company plans to expand its manufacturing capability with the purchase of new machinery and equipment. The $2 million project is expected to retain 23 positions and create 25 jobs within the first three years of the project's initial operation.

 

Unilock Ohio, Inc., to be located in West Jefferson (Madison County), has been awarded a 50 percent Job Creation Tax Credit for a five-year term to establish a manufacturing operation. The value of the tax credit would be $90,905 over the term, and the company would be required to maintain operations at the site for 10 years. Unilock Ohio manufactures concrete paving stones and retaining walls, and presently has one Ohio operation, located in Rittman (Wayne County). The company is considering locating a 50,000 square-foot manufacturing facility in West Jefferson that would enable it to access current markets in Ohio, Indiana and Kentucky, and add markets in the southern U.S. Ohio is in competition with Kentucky for this $19.5 million project, which if located in Ohio, is expected to create 30 jobs within the first three years of the project's initial operation.

 

SouthStar Funding, LLC, located in Hudson (Summit County), has been awarded a 55 percent tax credit for a five-year term to establish a regional headquarters operation. The value of the tax credit would be $216,609 over the term and the company would be required to maintain operations at the site for 10 years. SouthStar provides residential and commercial financing to borrowers that may not conform to conventional loan profiles. This project includes locating SouthStar’s regional headquarters to Hudson where it would serve as an underwriting and processing center for 10 Midwestern states. SouthStar has identified the cities of Hudson, Ohio; Detroit, Michigan; and Chicago, Illinois as optimal locations for its regional headquarters. The $426,070 project is expected to retain seven positions and create 51 jobs within the first three years of its initial operation.

 

Technoform Glass Insulation North American, LLC (TNA), to be located in Twinsburg (Summit County), has been awarded a 55 percent tax credit for a five-year term to locate its first U.S. manufacturing operation. The value of the tax credit would be $102,408 over the term and the company would be required to maintain operations at the site for 10 years. TNA is a subsidiary of Technoform Caprano und Brunnhofer GmbH Co. KG (Technoform), the holding and parent company of the Technoform group of companies, headquartered in Kassel, Germany. TNA’s business unit and the product line located in North America is Technoform Glass Insulation (TGI), a producer of new-technology insulated glass spacers. TNA anticipates that its TGI spacer product will achieve substantial growth within three to five years due to global changes in thermal codes, and therefore must establish a North American manufacturing operation to meet anticipated future demand for its product. Northeastern Ohio and Northeastern Tennessee are possible locations for TNA’s new TGI manufacturing operation, as both areas can serve 80 percent of its current and potential customers that are located within a two-day drive. If located in Ohio, this $3.2 million project is expected to retain two positions and create 28 new jobs within the first three years of the projects initial operation.

 

Oakley Industries, Inc., to be located in Northwood (Wood County), has been awarded a 55 percent tax credit for a six-year term to establish a manufacturing operation. The value of the tax credit would be $204,442 over the term, and the company would be required to maintain operations at the project site for 12 years. Oakley Industries is a start-up business in Ohio, with parent companies located in Pontiac and Detroit, Michigan; Belvidere, Illinois; and Shreveport, Louisiana. Oakley Industries is a leading manufacturer of automotive components, such as, laser cutting equipment and automotive tires and component parts. The company proposes to lease a 70,000 square-foot manufacturing facility where it would primarily manufacture and distribute tires and wheels for the automotive industry. Ohio is in competition with Michigan for this $9.4 million project, which is expected to create 55 jobs within the first three years of the project's initial operation.

 

General Products Corporation, located in Columbus (Franklin County), has been awarded a 55 percent tax credit for a six-year term to expand its manufacturing operation. The value of the tax credit would be $271,297 over the term, and the company would be required to maintain operations at the site for 12 years. General Products manufactures engine components for the automotive and heavy truck industries.

The company is experiencing growth and is considering an additional Midwest manufacturing facility. Because of its central location, Columbus is being considered as well as Indianapolis, Indiana and Northern Kentucky. The company proposes to acquire an existing 125,000 square-foot manufacturing facility and purchase new manufacturing machinery and equipment. This facility would also be used to warehouse finished products for shipment to existing customers in the Midwest. Ohio is in competition with Kentucky for this more than $8 million project, which is expected to create 80 jobs within the first three years of the project's initial operation.

 

Johnson Controls, Inc., located in Holland (Lucas County), has been awarded a 50 percent tax credit for a five-year term to expand its manufacturing operation. The value of the tax credit would be $191,880 over the term, and the company would be required to maintain operations at the site for 12 years. Johnson Controls is the largest automotive battery manufacturer in North America. The company would like to increase its production capacity, which requires the addition of manufacturing lines and the expansion of its warehouse and trucking docks. Ohio is in competition with other company-owned facilities for this more than $6.4 million project, which is expected to retain 366 positions and create 25 jobs within the first three years of the project's initial operation.

 

The Bilco Company, to be located in Jackson Township (Guernsey County), has been awarded a 55 percent tax credit for a six-year term to establish a manufacturing operation. The value of the tax credit is expected to be $133,635 over the term and the company would be required to maintain operations at the site for 12 years. Bilco is a family-owned manufacturer of product lines that include basement doors and window wells for the residential market; and roof scuttles, sidewalk doors, fire vents, and ladder safety posts for the architectural market. The company is proposing to add its third U.S. manufacturing plant to produce special access doors, and has been evaluating locations in Eastern Ohio and Western Pennsylvania. The more than $2.1 million project is expected to create 60 jobs within the first three years of the project's initial operation.

 

Loth Mbi, Inc., located in Sharonville (Hamilton County), has been awarded a 55 percent tax credit for an eight-year term to expand its distribution operation. The value of the tax credit would be $281,472 over the term, and the company would be required to maintain operations at the site for 16 years. Loth specializes in asset transportation and offers other services to many industries in the tri-state area such as furniture and equipment delivery and set up, as well as the storage, maintenance and refurbishing of automated teller machines for the banking industry. Ohio is in competition with Kentucky for this more than $4.8 million project, which is expected to retain 133 positions and create 30 jobs within the first three years of the project's initial operation.

 

Quicken Loans, Inc., has been awarded a 60 percent tax credit for a 10-year term to expand operations in Cleveland (Cuyahoga County). The value of the tax credit will be more than $4.6 million over the term, and the company is required to maintain operations at the project site for 20 years. Quicken is the nation’s largest online lender and is experiencing significant growth. Ohio had been in competition with Arizona, Nevada and Michigan for this project, which is expected to create more than 300 jobs within the first three years of the project's initial operation. The company is currently considering several downtown Cleveland sites for its Internet Home Lending Center, where it plans to establish a state-of-the-art operation that will be staffed by highly trained mortgage bankers.

 

Amylin Ohio, LLC, to be located in West Chester (Butler County), has been awarded a 60 percent tax credit for a seven-year term to establish a pharmaceutical production operation. The value of the tax credit would be $362,987 over the term and the company would be required to maintain operations at the site for 14 years. Amylin Pharmaceuticals is headquartered in San Diego, California and engages in the discovery, development, and commercialization of drug candidates for the treatment of diabetes, obesity, and cardiovascular disease. The company plans to establish a manufacturing plant where it will produce a new diabetes treatment medication. Ohio is in competition with Kentucky for this $70 million project, which is expected to create 52 jobs within the first three years of the project's initial operation.

 

Lear Corporation, located in Huron (Erie County), has been awarded a 60 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit would be $949,539 over the term, and the company would be required to maintain operations at the site for 14 years. Lear is one of the world’s leading automotive interior systems suppliers, focusing on integrating complete automotive interiors, including seat systems, interior trim and electrical systems. Ohio is in competition with Michigan, Indiana and Tennessee for this more than $13 million project, which is expected to retain 778 positions and create 173 jobs within the first three years of the project's initial operation.

 

ERICO International Corporation, located in Solon (Cuyahoga County), has been offered a 60 percent Job Creation Tax Credit for an eight-year term to expand its manufacturing operation. The value of the tax credit would be $403,120 over the term, and the company would be required to maintain operations at the site for 16 years. ERICO is a leading designer, manufacturer and marketer of precision-engineered specialty metal products serving global niche product markets in a diverse range of electrical, commercial and industrial construction, utility and rail applications. ERICO International Corp. has operations in more than 25 countries and has its world headquarters and largest manufacturing operation in the City of Solon. Through a yearlong analysis, ERICO determined it will consolidate a number of manufacturing processes into one of two locations: Northeast Ohio or North Carolina. The $15 million project is expected to retain 474 positions and create 50 jobs within the first three years of the project's initial operation.

 

Wollin Products, Inc. dba Titan Plastics Group, located in Clyde (Sandusky County), has been awarded a 60 percent tax credit for a 10-year term to expand its manufacturing and distribution operation. The value of the tax credit would be $518,630 over the term, and the company would be required to maintain operations at the site for 20 years. Titan Plastics is one of the top 25 custom plastic injection molders in North America and serves a diverse set of markets that include: home appliances, automotive, business equipment, power equipment, and electrical/electronic controls. Ohio is in competition with Michigan, Canada and Mexico for this more than $16 million project, which is expected to retain 343 positions and create 100 jobs within the first three years of the project's initial operation.

 

American Security Insurance Company (ASIC), located in Springfield (Clark County), has been awarded a 60 percent tax credit for a 10-year term to expand operations. The value of the tax credit would be $628,512 over the term, and the company is required to maintain operations at the site for 20 years. ASIC provides various forms of property and casualty insurance coverage, and maintains a Hazard Insurance Processing Center in the City of Springfield. The proposed project includes the renovation and expansion of the company’s three building campus and the purchase of new machinery and equipment. Ohio is in competition with South Carolina and Oklahoma for this more than $1.1 million project, which is expected to retain 1,200 positions and create 200 jobs within the first three years of the project's initial operation.

 

Sekisui S-LEC America, LLC (S-LEC) has been awarded a 65 percent tax credit for an eight-year term if it chooses to establish its first U.S. manufacturing operation in Delaware (Delaware County). The value of the tax credit is expected to be $642,741 over the term and the company would be required to maintain operations at the site for 16 years. Currently, S-LEC produces its S-LEC film at plants in Japan, the Netherlands, China, Thailand and Mexico, a product that is used worldwide as the interlayer film for laminated glass in automotive and architectural applications. S-LEC’s proposes to construct a film manufacturing facility in the U.S. to manufacture the S-LEC film, expanding its market share. Ohio is in competition with Kentucky for this more than $42 million project, which is expected to create 62 jobs within the first three years of the project's initial operation.

 

Tosoh SMD, Inc., located in Grove City (Franklin County), has been awarded a 65 percent tax credit for a 10-year term to expand its manufacturing facility. The value of the tax credit would be $631,693 and the company would be required to maintain operations at the site for 20 years. Tosoh produces sputtering targets and high purity thin film deposition materials for use in conductive layers in a number of applications. Consumers of Tosoh’s products include makers of microprocessors, flat panel displays, fuel cells, inkjets, digital mirrors, memory devices, cyropreservation and automobile devices. If the company chooses to expand its Grove City facility, it will do so in three phases: an expansion of its 300mm sputtering target line, a new production line for flat panel display technology, and new materials research and development. Ohio is in competition with a sister facility in Korea for this more than $25 million project, which is expected to retain 200 positions and create 91 jobs within the first three years of the projects initial operation.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/releases/1381.asp

 

From an ODOD press release, 1/30/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Projects to create 1,280 jobs for Ohioans

FOR IMMEDIATE RELEASE

January 30, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 19 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,280 jobs and retain 3,153 positions.

 

Nifco America Corp., located in Canal Winchester (Fairfield County), has been awarded a 50 percent tax credit for a five-year term to expand its research and development capabilities. The value of the tax credit would be $75,686 over the term and the company would be required to maintain operations at the site for 10 years. Nifco was founded in Japan in 1967 and was one of the first to introduce plastic as an alternative to metal for use as fasteners. Nifco fasteners have made a major contribution to the automobile and home electronic production processes. Ohio is in competition with Michigan and Japan for this more than $850,000 project, which is expected to retain 353 full-time jobs and create 15 new full-time jobs within the projects first three years. Other state assistance committed to this project is a $15,000 Ohio Investment in Training Program (OITP) grant.

 

Amkotron, located in West Chester Twp. (Butler County), has been awarded a 50 percent tax credit for a five-year term to expand operations. The value of the tax credit will be $106,209 over the term and the company is required to maintain operations at the site for 10 years. Amkotron has become a leader in the repair and refurbishment of video displays, successfully building relationships with monitor manufacturers around the world. The company specializes in LCD module repair and provides warranty services to customers such as Hewlett-Packard, IBM, Phillips, and AOC. Ohio is in competition with California for this more than $4 million project, which is expected to retain 25 existing jobs and create 42 new jobs within the project’s first three years.

 

Ironhead Fabricating, Inc., located in Toledo (Lucas County), has been awarded a 50 percent tax credit for a five-year term to expand operations. The value of the tax credit would be $122,786 over the term, and the company would be required to maintain operations at the site for 10 years. Ironhead is a diverse metal fabricator providing services for power generation, petroleum, engineering, air pollution control, industrial furnace, structural steel, and material handling equipment.. Ohio is in competition with Michigan for this $700,000 project, which is expected to create 50 jobs within the first three years of the project's initial operation. Other state assistance committed to this program is a $10,000 OITP grant.

 

Owens Corning, located in Mt. Vernon (Knox County), has been awarded a 50 percent tax credit for a five-year term to reopen its Mt. Vernon manufacturing plant. The value of the tax credit would be $109,572 over the term and the company would be required to maintain operations at the site for 10 years. Owens Corning is a world leader in building materials and composite systems, and is the market leader in the United States for fiberglass insulation. The $22,000,000 project is expected to create 30 jobs within the first three years of its initial operation. Other state assistance committed to this program is a $26,000 OITP grant.

 

AS Alliances Biofuels LLC (ASA), to be located in Bloomingburg (Fayette County), has been awarded a 50 percent tax credit for a seven-year term to construct its ethanol production facility. The value of the tax credit would be $361,216 over the term and the company would be required to maintain operations at the site for 14 years. ASA is an operating company that will be owned by AS Alliances Holdings, Cargill Incorporated, Fagen Inc., and United Bio Energy. The facility, at full production, will produce a total of 100 million gallon of ethanol per year and 300,000 tons of distillers grains to be sold to cattle and hog feed markets. The facility will be constructed adjacent to a Cargill-owned grain facility that will supply all the corn for the ethanol production process. If located in Ohio, this $142,851,668 million project is expected to create 58 new jobs within the first three years of the projects initial operation. Other state assistance committed to this program include OITP and roadwork development (629) grants.

 

Edge Seal Technologies, Inc. (EST), to be located in Northwood (Wood County), has been awarded a 50 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit would be $133,058 over the term, and the company would be required to maintain operations at the project site for 14 years. In less than twenty years, EST has grown from a start-up supplier for a single company to produce over three million insulated glass units for residential window and door manufacturers a year for companies across the Great Lakes region. Currently, EST operates out of three manufacturing plants in Northeast Ohio. Ohio is in competition with Indiana and Michigan for this $3 million project, which is expected to create 80 jobs within the first three years of the project's initial operation. Other state assistance committed to this project is a $32,000 OITP grant.

 

Core Molding Technologies, Inc., located in Columbus (Franklin County), has been awarded a 50 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit would be $182,445 over the term, and the company would be required to maintain operations at the site for 14 years. Core Molding is a compounder of sheet molding composite and molder of fiberglass reinforced plastics. The company produces high quality fiberglass reinforced molded products and sheet molding composite materials for varied markets, including medium and heavy-duty trucks, automobiles, personal watercraft, and other commercial products. Ohio is in competition with South Carolina and Canada for this more than $4.6 million project, which is expected to retain 380 jobs and create 52 new jobs within the first three years of the project's initial operation. Other state assistance committed to this project include a $30,000 OITP grant and a 166 direct loan for land acquisition and development.

 

Hobsons, Inc., located in Sharonville (Hamilton County), has been awarded a 55 percent tax credit for a six-year term to expand its manufacturing operation. The value of the tax credit would be $359,846 over the term, and the company would be required to maintain operations at the site for 12 years. Hobsons specializes in recruitment solutions for colleges around the country. The company produces various types of marketing materials including websites, CDs, DVDs, and print products. All products are free to students and paid for by universities and colleges, and they currently work with over 1,000 colleges and universities throughout the United States. Ohio is in competition with Kentucky for this $370,000 project, which is expected to retain 89 positions and create 75 new jobs within the first three years of the project's initial operation.

 

Technical Consumer Products, Inc., located in Aurora (Portage County), has been awarded a 55 percent tax credit for a seven-year term to expand its operations. The value of the tax credit is expected to be $107,911 over the term and the company would be required to maintain operations at the site for 14 years. TCP is a wholesale distribution company that imports and distributes energy efficient lighting products throughout the country, with its core product being the compact fluorescent lamp (CFL). Additionally, TCP is gaining market share in the linear lamp industry by targeting flat roof buildings such as warehouses and gymnasiums with its innovative energy-efficient high bay fixtures. Ohio is in competition with California for the more than $11.5 million project, which is expected to retain 100 positions and create 26 jobs within the first three years of the project's initial operation. Other state assistance committed to this project is a $16,900 OITP grant.

 

Tower Automotive Products Company, located in Bellevue (Sandusky County), has been awarded a 55 percent tax credit for a seven-year term to expand its manufacturing operation. The value of the tax credit would be $327,515 over the term, and the company would be required to maintain operations at the site for 14 years. Tower is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, General Motors, Honda, Hyundia/Kia, Nissan, Toyota, Volkswagen, and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspensions. Ohio is in competition with Michigan and Minnesota for this more than $5.6 million project, which is expected to retain 136 positions and create 74 jobs within the first three years of the project's initial operation. Other state assistance committed to this program is a $200,000 OITP grant.

 

Heartland Healthcare Services, located in Toledo (Lucas County) has been awarded a 55 percent tax credit for a 7-year term to expand its operations. The value of the tax credit will be more than $124,299 over the term, and the company is required to maintain operations at the project site for 14 years. HHS is an Ohio General Partnership, fifty percent owned by HCR Manor Care (HCR) of Toledo and fifty percent owned by Omnicare, Inc. (OCR) of Covington, Kentucky. HCR is one of the nation’s largest nursing home corporations, prominent in sub acute and transitional nursing care, and an industry leader in each market it serves. OCR is the nation’s leading institutional pharmacy provider, committed to providing quality pharmacy products and services. Ohio is in competition with Michigan, Florida and Kentucky for this $135,000 project, which is expected to retain 187 positions and create more than 75 jobs within the first three years of the project's initial operation. Other state assistance committed to this project is an OITP grant.

 

Codino’s Limited, Inc., to be located in Versailles (Darke County), has been awarded a 50 percent tax credit for an seven-year term to expand its operations. The value of the tax credit would be $50,000 over the term and the company would be required to maintain operations at the site for 14 years. Codino’s is a family-owned company founded to acquire the former Whiteford Foods pasta plant. Codino’s manufactures frozen pasta to retail chains and distributors throughout the Northeastern United States. Ohio is in competition with New York for this $700,000 project, which is expected to retain 41 positions and create 25 jobs within the first three years of the project's initial operation.

 

Mahika Packaging, Inc., to be located in Twinsburg (Summit County), has been awarded a 60 percent tax credit for a five-year term to expand its operations. The value of the tax credit would be $144,173 over the term, and the company would be required to maintain operations at the site for 10 years. Mahika is a startup subsidiary of Empire Plastics Limited (Empire Plastics), a well-established polymer manufacturer from India. Privately owned Empire Plastics manufactures plastic injection molding, injection blow molding, tubes, and stretch blow molding. Ohio is in competition with New Jersey for this more than $7 million project, which is expected to create 45 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $21,150 OITP grant, and a $50,000 business development (412) grant.

 

Fleetwood Travel Trailers of Ohio, Inc., located in Edgerton (Williams County), has been awarded a 60 percent tax credit for a five-year term to expand its manufacturing operation. The value of the tax credit would be $450,304 over the term, and the company would be required to maintain operations at the site for 10 years. Fleetwood Enterprises, Inc., is one of North America’s largest producers of recreational vehicles and manufactured homes. Ohio is in competition with Maryland, Georgia, Tennessee and Oregon for this $755,000 project, which is expected to retain 4 positions and create 200 new jobs within the first three years of the project's initial operation.

 

IVS Hydro, Inc., located in the Village of South Point (Lawrence County), has been awarded a 60 percent tax credit for a 6-year term to expand its operations. The value of the tax credit would be $110,985 over the term, and the company would be required to maintain operations at the site for 12 years. IVS Hydro is a national specialty service contractor. The company has divisions specializing in products including, industrial cleaning and waste removal, environmental services, hydro-demolition services, water blasting, spill response and remediation, chemical cleaning, etc. Ohio is in competition with Kentucky for this more than $4.7 million project, which is expected to retain 4 positions and create 30 jobs within the first three years of the project's initial operation.

 

Spartech Plastics, LLC, located in Greenville (Darke County), has been awarded a 60 percent tax credit for a 7-year term to expand operations. The value of the tax credit would be $312,261 over the term, and the company is required to maintain operations at the site for 14 years. Spartech is the largest extruder of custom thermoplastic sheet and rollstock in the world with over 4,000 customers that create everything from signs to spas to automotive parts. Ohio is in competition with Indiana for this more than $8.3 million project, which is expected to retain 91 positions and create 90 jobs within the first three years of the project's initial operation.

 

AFG Industies, Inc., located in Bellefontaine (Logan County) has been awarded a 60 percent tax credit for a seven-year term to expand its manufacturing operations. The value of the tax credit is expected to be $542,079 over the term and the company would be required to maintain operations at the site for 14 years. AFG Industries has been located in the City of Bellefontaine as an automotive glass manufacturer since 1986. The company currently offers the broadest product line in the automotive industry. Ohio is in competition with Kentucky for this more than $5.7 million project, which is expected to create 100 jobs within the first three years of the project's initial operation, while maintaining 467 existing jobs.

 

JLG Industries, located in Orrville (Wayne County), has been awarded a 60 percent tax credit for an eight-year term to expand its manufacturing facility. The value of the tax credit would be $594,783 and the company would be required to maintain operations at the site for 16 years. JLG is the world’s leading producer of aerial access equipment and telescopic hydraulic excavators. Ohio is in competition with Maryland and Pennsylvania for this more than $8.7 million project, which is expected to retain 130 positions and create 150 new jobs within the first three years of the projects initial operation.

 

Copeland Corporation - Sidney, located in Sidney (Shelby County), has been awarded a 60 percent tax credit for an eight-year term to expand its manufacturing facility. The value of the tax credit would be $523,577 and the company would be required to maintain operations at the site for 16 years. Copeland Corporation is a world leader in the production of compressors, condensing units, and electronics for the commercial refrigeration and residential and commercial air conditioning applications. Copeland employs more than 8,000 worldwide and is one of the largest businesses of the Emerson Electric Company, of which Copeland has been a subsidiary since 1986. Ohio is in competition with North Carolina for this more than $19 million project, which is expected to retain 1,613 positions and create 63 jobs within the first three years of the projects initial operation.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise tax (CFT) (and eventually the commercial activity tax as it replaces the CFT), or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/releases/1406.asp

 

This is an older ODOD press release from 3/27/06, but I like to post these on here.

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Projects to create 1,452 jobs for Ohioans

FOR IMMEDIATE RELEASE

March 27, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 12 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,452 jobs and retain 1,307 positions.

 

PR Newswire Association, LLC, located in Cleveland (Cuyahoga County), has been awarded a 40 percent tax credit for a six-year term to expand its Enterprise Service Center. The value of the tax credit would be $308,292 over the term and the company would be required to maintain operations at the site for 12 years. PR Newswire provides electronic distribution, targeting, measurement, translation, and broadcast services to 40,000 customers worldwide who wish to reach the news media, investment community, and general public with up-to-the-minute, full-text news releases. PR Newswire has over 800 employees and offices in 14 countries and sends its customers' news to outlets in 135 countries and in 30 languages. PR Newswire will invest $1.4 million in improvements to an existing facility and $500,000 in new machinery and equipment. The facility will be used to provide electronic distribution, targeting, measurement, translation, and broadcast services. Ohio is in competition with Pennsylvania for this $2 million project, which is expected to create 125 new jobs and retain 14 positions within the first three years of the project's initial operation.

 

The Wornick Company, located in Blue Ash (Hamilton County), has been awarded a 40 percent tax credit for a six-year term for building improvements and for the acquisition of machinery and equipment. The value of the tax credit will be $233,935 over the term and the company is required to maintain operations at the site for 12 years. Wornick is the largest supplier of individual and group feeding rations to the U.S. and international militaries, a market leading provider of turnkey product development and manufacturing services for large branded food companies and a leading provider of emergency food preparedness products for use in austere environments by consumers, businesses, government agencies and other organizations. Wornick is considering a project to relocate its McAllen, Texas operation near its existing Blue Ash facility. The more than $10 million project is expected to retain 544 positions and create 225 jobs within the first three years of the project's initial operation.

 

ThorWorks Industries, Inc., to be located in Perkins Township (Erie County), has been awarded a 55 percent tax credit for a six-year term to expand operations. The value of the tax credit will be $95,413 over the term and the company would be required to maintain operations at the site for 12 years. ThorWorks produces pavement maintenance products and equipment including various sealers, crack fillers, line striping paint as well as other application products and equipment. ThorWorks is host to research and development laboratories, equipment design and fabrication division, coatings production divisions, corporate offices, and an in-house advertising and design agency. The $2.21 million project includes $150,000 for new construction, $350,000 in building renovations and $1.7 million for new machinery and equipment. If located in Ohio, this project is expected to create 35 jobs and retain 120 within the first three years of the project's initial operation.

 

H.C. Starck, Inc., located in Euclid (Cuyahoga County), has been awarded a 70 percent tax credit for a six-year term to consolidate operations and expand its existing manufacturing, stamping and processing facility. The value of the tax credit would be $971,669 over the term and the company would be required to maintain operations at the site for 12 years. H.C. Starck, a wholly owned subsidiary of Bayer AG (Bayer), is part of the Bayer Material Science business, which produces ceramic and refractory metal powders, special metals, and intermediate products for advanced ceramics. These materials are processed into mill products and fabricated parts. This project is part of an overall realignment undertaking by Bayer to create cost savings and efficiencies in its worldwide operations. The $17.5 million project, which includes $2.1 million in renovations, $14.3 million for machinery and equipment and $1.1 million for infrastructure improvements, is expected to create 130 jobs and retain 113 positions within the first three years of the project’s initial operation.

 

Vogel Seed & Fertilizer, Inc. dba Spring Valley Turf Products, to be located in Fostoria (Hancock County), has been awarded a 25 percent tax credit for a seven-year term to relocate and expand its lawn and garden fertilizer blending operations, and for the acquisition of machinery and equipment. The value of the tax credit will be $57,548 over the term and the company would be required to maintain operations at the site for 14 years. Originally incorporated as Vogel Seed & Fertilizer, Inc., the company became known as Spring Valley Turf and now produces lawn and garden fertilizers in the Midwest. A 2005 fire destroyed Vogel’s plant in Grand Rapids, Michigan and the company is now considering rebuilding the Grand Rapids facility; remodeling an existing fertilizer plant south of Ann Arbor, Michigan; or building a new plant in the city of Fostoria. The $2.8 million project includes $225,000 for land acquisition, $1.1 million in new building construction and $1.5 million in new machinery and equipment. If located in Ohio, the project would create 32 jobs within three years of the project’s initial operations.

 

LLL Investment II, LLC dba Polymer Packaging, Inc. (PPI), located in Massillon (Stark County), has been awarded a 60 percent tax credit for a five-year term to purchase and renovate a building where PPI will consolidate operations under one roof and expand its converting/manufacturing business. The value of the tax credit will be $205,391 over the term, and the company would be required to maintain operations at the project site for 10 years. PPI produces and supplies paper lamination and spun bond cloth, which is used as protective shipping in the furniture and casket industries. The company also installs zipper closures on packaging used primarily by food processors, constructs five-sided polyethylene bags and manufactures specially designed packages to facilitate the installation of certain components on automotive assembly lines. The company will purchase a 72,500 square foot facility to expand its existing converting and manufacturing business to include blown film extrusion as well as warehousing, distribution, engineering and research and development. Ohio is in competition with Nevada and Michigan for this $20 million project, which is expected to create 50 jobs and retain 68 positions within the first three years of the project’s initial operation.

 

Samuel Manu-Tech, Inc. (SMT), located in Heath (Licking County), has been awarded a 55 percent tax credit for a five-year term for construction of a manufacturing facility, and for the acquisition of new machinery and equipment. The value of the tax credit will be $154,468 over the term, and the company would be required to maintain operations at the project site for 10 years. SMT is a value-added processor and distributor of metal industrial products and services with facilities located throughout the United States and Canada. The company will also devote employee resources toward the testing, analysis and development of superior metal products in a less expensive, more efficient and more innovative manner. Samuel is also considering sites in South Carolina and Canada for this $13.9 million project, which is expected to create 63 jobs and retain 37 jobs over the first three years of the project’s initial operation. Governor Bob Taft visited the company’s Toronto, Ontario corporate headquarters earlier this month during an Ohio Business Development Trip to Canada to promote Ohio exports and encourage research and development collaborations with Ohio.

 

A. Schulman Invisions, Inc., located in Findlay (Hancock County), has been awarded a 60 percent tax credit for a seven-year term for the construction of a new manufacturing facility and for the acquisition of new machinery and equipment. The value of the tax credit will be $423,844 over the term, and the company would be required to maintain operations at the project site for 14 years. A. Schulman Company, the parent company to Invisions, is an international supplier of high-performance plastic compounds and resins, which are used as raw materials in a variety of markets. Invisions is a new product that can eliminate many intermediate manufacturing processes and reduce costs for its customers. A. Schulman Company is also considering sites in the states of Alabama and Indiana for this more than $40 million project that includes $9.4 million in land acquisition and new building construction and $30 million in new machinery and equipment. The project is expected to create 50 jobs within the first three years of the project’s initial operations.

 

Circonix Technologies LLC and G6 Technologies LLC, located in Dayton (Montgomery County), has been awarded a 50 percent tax credit for a five-year term to establish a new Midwest service facility. The value of the tax credit will be $111,949 over the term, and the company would be required to maintain operations at the project site for 10 years. Circonix specializes in the design, fabrication, installation and commissioning of electrical systems used to bring life to machines that are built to unwind large rolls of base stock, such as adhesive coating lines for label stock or extrusion coating lines used to produce base stock for flexible packaging. The company, which is also considering St. Paul, Minnesota for this project, is seeking to expand its services and capabilities to a broader Midwest market. The $251,620 project is expected to create 21 jobs and retain one position within the first three years of the project’s initial operation.

 

Life Line Screening, located in Jackson Township (Stark County), has been awarded a 40 percent tax credit for a six-year term to expand its call center operations and for the acquisition of machinery and equipment. The value of the tax credit will be $164,878 over the term, and the company would be required to maintain operations at the project site for 12 years. Life Line is the nation’s leading provider of mobile medical screening services. The company’s screenings are designed for early detection of potential problems leading to stroke, aortic aneurysms, peripheral arterial disease and osteoporosis. The company, which is also considering Erie, Pennsylvania for this project, is growing at a rate of 60 percent per year and requires a second facility to accommodate a new call center. The company is considering leasing an 18,000 square-foot facility for this $640,173 project, which also includes $124,000 for leasehold improvements and $516,000 for new machinery and equipment. The project is expected to create 110 new jobs and retain 10 positions within the first three years of the project’s initial operation.

 

Total Quality Logistics (TQL) & Oaks Enterprises, Ltd, to be located in Union Township (Clermont County), has been awarded a 75 percent tax credit for a ten-year term for the construction of a new facility. The value of the tax credit will be $4.2 million over the term, and the company would be required to maintain operations at the project site for 20 years. TQL is a logistics company that assists businesses with freight movement by tracking freight movement and communicating progress of deliveries. The company, which is also considering the state of Kentucky for this project, proposes $2.5 million for land acquisition and $12 million for construction of the new facility. The $ 14.5 million project is expected to create 586 new jobs and retain 400 positions within the first three years of the project’s initial operation.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1449.asp

 

From an ODOD press release, 4/24/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

FOR IMMEDIATE RELEASE

April 24, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for ten companies involved in business location or expansion projects that, if located in Ohio, are expected to create 811 jobs and retain 7,310 positions.

 

Clopay Building Products Company, headquartered in Mason (Warren County), has been awarded a 65 percent tax credit for an eight-year term to rationalize its building products manufacturing operations at an existing facility in the state of Ohio. The value of the tax credit would be $2,210,856 million over the term, and the company would be required to maintain operations at the project site for 16 years. Clopay manufactures and distributes residential and commercial garage doors and peripheral building products. The more than $60 million project would include $9.5 million for the purchase of land and a building in the city of Troy (Miami County), $5.1 for renovations to the facility and $46 million for manufacturing machinery and equipment. The facility will be used by Clopay Building Products, Inc., a subsidiary of Clopay Corporation, for the manufacture and distribution of residential and commercial garage doors and peripheral building products. Ohio is in competition with the States of Indiana, Washington, Arizona, Michigan, Pennsylvania, California, Illinois, Oregon, Florida, New York, and Wisconsin for this project, which is expected to create 400 jobs and retain 155 positions within the first three years of the project's initial operation.

 

Citigroup Technology, Inc., located in Liberty Township (Delaware County), has been awarded a 50 percent tax credit for a five-year term to establish a regional data center. The value of the tax credit would be $179,203 over the term, and the company would be required to maintain operations at the project site for 10 years. Citigroup is the technology division of its parent company, Citigroup, Inc., a diversified global financial services holding company with businesses that provide a broad range of financial services to consumer and corporate customers. The $471 million project would include an investment of $6 million in land acquisition, $140 million in new building construction and $325 million for new machinery and equipment. Ohio is in competition with several for this project, which is expected to create 25 jobs within the first three years of the project's initial operation.

 

Brush Wellman, located in Elmore (Ottawa County), has been awarded a 35 percent, seven-year tax credit to expand manufacturing operations. The value of the tax credit would be $120,596 over the term, and the company would be required to maintain operations at the project site for 14 years. Brush Wellman is a manufacturer of beryllium, beryllium oxide, beryllia ceramics and beryllium alloys for use in the aerospace, automotive, defense, telecommunications, electronics and high performance automation industries. The company, headquartered in Cleveland, is the only fully integrated producer of beryllium oxide in the world. Brush Wellman owns 425 acres at the proposed project site and will construct a facility separate from its existing plant for the development of a new manufacturing process. Ohio is in competition with Utah for this more than $11.5 million project is expected to create 25 new jobs and retain 118 positions within the first three years of the project's initial operations.

 

NDI Medical, LLC (NDI Medical), located in Warrensville Heights (Cuyahoga County), has been awarded a 50 percent tax credit for a ten-year term to establish a new research and development facility. The value of the tax credit would be $509,824 over the term, and the company would be required to maintain operations at the project site for 20 years. NDI Medical started with a single technology for treating urinary incontinence based on research conducted at the FES Center at Case Western Reserve University (CWRU). NDI built on that initial success by further collaborating with CWRU and Cleveland Clinic Foundation researchers to form the Ohio Neurostimulation and Neuromodulation Partnership (ONNP) to commercialize neurostimulation technologies. NDI's role in the ONNP was to evaluate, develop and commercialize technologies derived from research conducted by the partnership. The facility will be approximately 15,000 to 20,000 square feet, and will house NDI Medicals research and development activities, including research, prototype development, testing and pre-production manufacturing, as well as the companys executive, administrative and marketing/sales personnel. The project is expected to create 26 jobs and retain 15 positions within the first three years of the project's initial operation.

 

New Era Ohio, LLC (NEO), located in Bryan (Williams County), has been awarded a 45 percent tax credit for a seven-year term to establish a new manufacturing facility. The value of the tax credit would be $42,913 over the term, and the company would be required to maintain operations at the project site for 14 years. NEO manufacturers diaphragm and piston fluid handling pumps and sells them to Ingersoll Rand Corporation for distribution throughout the world. The project includes the addition of new product lines in a 469,000 square-foot facility and a fixed asset investment of $1.5 million, including $300,000 in building renovations and $1.2 million in new machinery and equipment. The project is expected to create 25 jobs and retain 164 positions within the first three years of the project's initial operation.

 

Progressive RSC, Inc., located in Mayfield Village, Highland Heights and Mayfield Heights (Cuyahoga County), has been awarded a 75 percent tax credit for a 15-year term to expand its national headquarters facility. The value of the tax credit would be $17,375,040 over the term, and the company would be required to maintain operations at the project site for 30 years. Progressive is an insurance holding company that provides personal automobile insurance and other specialty property-casualty insurance and related services sold both through independent insurance agents and directly to consumers. The project would include the creation of the companys Campus III facilities, which would consist of two office buildings, a common area that will have a cafeteria and other amenities and two parking garages. Ohio is in competition with Florida, Colorado, Texas, New York and Arizona for this $161 million project, which is expected to create 1,000 jobs and retain 6,398 positions within the first three years of the project's initial operation.

 

Reading Rock Incorporated (Reading), located in West Chester Township (Butler County), has been awarded a 55 percent tax credit for a seven-year term to expand operations and for the acquisition of machinery and equipment. The value of the tax credit would be $120,223 over the term, and the company would be required to maintain operations at the project site for 14 years. Established in 1947, Reading specializes in the design, manufacturing, and sales of a complete line of brick pavers and masonry products. The company will lease an additional 40,000 square feet of space to manufacture custom designed paving stones and make a fixed-asset investment of at least $4.5 million in machinery and equipment. Ohio is in competition with Illinois for this project, which if located in Ohio, would create 50 new jobs and retain 187 positions within the first three years of the project's initial operation.

 

Right Thing, Inc. (RTi), located in Findlay (Hancock County), has been awarded a 20 percent tax credit for a seven-year term to expand operations. The value of the tax credit would be $306,076 over the term, and the company would be required to maintain operations at the project site for 14 years. RTi is a Recruitment Process Outsourcing, or human resource outsourcing business, which provides clients with scalable solutions in the hiring process to help identify quality, retainable candidates. The $3.6 million project includes the purchase of a building, fixtures, furniture and equipment. The facility will would serve as the companys headquarters operation. Ohio is in competition with Indiana for this project, which, if located in Ohio, is expected to create 84 jobs and retain 49 positions within the first three years of the project's initial operation.

 

Cincinnati Sub-Zero, located in Sharonville (Hamilton County), has been awarded a 45 percent tax credit for a seven-year term to expand operations. The value of the tax credit would be $107,742 over the term, and the company would be required to maintain operations at the project site for 14 years. Sub-Zero is a private company that develops and manufactures temperature management and therapy products, as well as controlled test chambers for purchase. Sub-Zeros divisions include Industrial, Medical, and Testing. The project would include an investment of $780,000 in new machinery and equipment and $680,000 in building renovations at its current 160,000 square-foot facility to allow for additional manufacturing, testing and office space. The company is also considering sites in Michigan and North Carolina, as well as offshore outsourcing. The $1.4 million project is expected to create 35 jobs and retain 225 positions within the first three years of the project's initial operation.

 

Leedsworld, Inc., to be located in Warren (Trumbull County), has been awarded a 65 percent tax credit for a six-year term to establish a new production and distribution facility. The value of the tax credit would be $476,180 over the term, and the company would be required to maintain operations at the project site for 12 years. Leedsworld is a leading supplier in the promotional products and advertising specialty industry. The company customizes a complete line of corporate accessories, including: bags, writing instruments, portfolios, insulated items and gift sets. The company proposes to lease a 256,000 square-foot facility to be used for the production, processing and distribution of its promotional goods and products. Ohio is in competition with Pennsylvania for this $4.4 million project, which is expected to create 241 jobs within the first three years of the project's initial operation.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/releases/1517.asp

 

ODOD press release, 5/22/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

FOR IMMEDIATE RELEASE

May 22, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 12 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 759 jobs and retain 615 positions.

 

Education Sales Management LLC (ESM), to be located in Lewis Center (Delaware County), has been awarded a 30 percent tax credit for a five-year term to establish a customer contact center. The value of the tax credit would be $347,501 over the term, and the company would be required to maintain operations at the project site for 10 years. ESM is a customer contact center that assists the education market, including K-12, higher education and corporate training markets. The company is headquartered in Highlands Ranch, Colorado and is considering sites in Colorado or the Lewis Center site to support the Midwest market. ESM has proposed to lease a 27,000 square-foot facility and will make a fixed-asset investment of at least $565,000, including: $450,000 for machinery and equipment; $75,000 for leasehold improvements; and $40,000 for on-site infrastructure. The project is expected to create 150 jobs within the first three years of the project's initial operation.

 

The James Group, Inc., located in Worthington (Franklin County), has been awarded a 30 percent tax credit for a five-year term to expand its software development operation. The value of the tax credit would be $61,791 over the term, and the company would be required to maintain operations at the project site for 10 years. Founded in 2004, the James Group is a privately held senior-level engineering company that develops a suite of data integration products and services and is currently a partner with major clients such as: Oracle Corporation, Microsoft Corporation, Sypherlink, Onbase, iSynergy and AnyDoc. The project includes leasing 4,200 square feet of office space that will be utilized primarily for corporate headquarters and software development, and an investment of $100,000 in computer equipment and office equipment. The company is also considering this expansion at its regional offices located in the cities of Morgantown, West Virginia and Indianapolis, Indiana. The project is expected to create 12 jobs and retain 14 positions within the first three years of the project's initial operation.

 

LASTAR, Inc., located in Dayton (Montgomery County), has been awarded a 35 percent tax credit for seven-year term to consolidate their operations and expand their headquarters and distribution facility. The value of the tax credit would be $503,206 over the term, and the company would be required to maintain operations at the project site or in the city of Dayton for 14 years. Lastar offers standard and custom cables and has custom cable production and distribution facilities in the US and high volume manufacturing affiliate in China. In 2004, Lastar acquired Quiktron Inc., a leading producer and distributor of fiber optic cables sold across the US. The company is considering several options to meet the demand of its rapid growth, including the purchase of its currently leased facility for the expansion of warehouse and office space. The company is also considering moving to another location within the city of Dayton, or consolidating operations at Lastar's other locations in Iowa, Utah or North Carolina, and move to a decentralized facility configuration with regional sales, marketing and production facilities. Lastar will make a fixed-asset investment of at least $4.2 million, including approximately $1.8 million for the acquisition of the land and building, $2.083 million for new construction and $405,000 for renovations, subject to modifications upon the final selection of their facility in the city of Dayton. The project is expected to create 107 jobs and retain 125 positions within the first three years of the project's initial operations.

 

The Sharon Companies, Ltd., to be located in Akron (Summit County) has been awarded a 35 percent tax credit for a six-year term to consolidate operations and expand its headquarters and distribution facility. The value of the tax credit would be $292,697 over the term, and the company would be required to maintain operations at the project site for 12 years. Sharon Stairs and its divisions specialize in architectural metal products designed, engineered and manufactured for steel stair and rail systems. The company is currently engaged in determining the optimum location for a single, consolidated fabrication and office facility to meet the future needs of the company. The company proposes to make a fixed-asset investment of at least $1.07 million, including $75,000 for leasehold improvements and $1 million in machinery and equipment. The company would lease 172,000 square feet of the 900,000 square-foot Lockheed Martin facility located in Akron. The project is expected to create 87 jobs and retain 94 positions within the first three years of the project's initial operations.

 

Microteck Laboratories, Inc., to be located in Kettering (Montgomery County), has been awarded a 40 percent tax credit for a seven-year term to relocate and expand its headquarters and research & development facility. The company would be required to maintain operations at the project site for 14 years. Microtek is a privately held company that focuses exclusively on providing custom microencapsulation services for industrial and military applications. The company caters to niche markets such as oil and gas production, graphic arts, agriculture, textiles, paints and coatings, sealants and adhesives, military and others. The proposed project includes the expansion of the company's research and development, as well as manufacturing and distribution facilities. Microtek will invest $420,000 for machinery and equipment, $270,000 for leasehold improvements and $720,000 for the building. The facility will be used primarily to perform research and development on and manufacturing of microencapsulation technologies and for headquarter offices. Ohio is in competition with North Carolina for this more than $1.4 million project, which, if located in Ohio is expected to create 25 jobs within three years of the project's initial operations.

 

MVD Communications LLC, in Cincinnati (Hamilton County), has been awarded a 40 percent tax credit for a seven-year term to relocate and expand its facility in the city of Blue Ash. The value of the tax credit would be $121,528 over the term, and the company would be required to maintain operations at the project site for 14 years. MVD provides converged voice and data network solutions for businesses of all sizes, including a wide range of equipment solutions, professional services, consulting, managed services, financial services and asset management solutions for its customers. MVD's services encompass everything from basic voice mail capability to the most intricate of call center applications. The company will make a fixed-asset investment of at least $250,000, which includes the lease of 99,299 square feet of space and building improvements, to increase its customer support and sales functions, as well as its information technology division. Ohio is in competition with Indiana, Florida and Nebraska for this project, which is expected to create 25 jobs and retain 49 positions within the first three years of operation.

 

AJM Packaging Corporation (AJM), located in Bellevue (Sandusky County), has been awarded a 40 percent tax credit for an eight-year term to relocate and expand its existing warehouse facility. The value of the tax credit would be $541,640 over the term, and the company would be required to maintain operations at the project site for 16 years. Originally constituted as a Detroit-based distributor of paper, plastic and related products, AJM is now one of the most innovative paper converters in the nation. The proposed project will add capacity to AJM's existing warehouse facility. AJM will make a fixed-asset investment of at least $3 million, including $1 million in building renovation, and $2 million in the purchase of new machinery and equipment. The company will own the 100,000 square-foot facility, which will be used to manufacture both private label and branded paper products, including paper plates, cups, bowls and bags. Ohio is in competition with Michigan and New Jersey for this project, which is expected to create 150 jobs within three years of the project's initial operations.

 

Champion Door Manufacturing Company, Inc., in Cincinnati (Hamilton County), has been awarded a 45 percent tax credit for a five-year term to relocate and expand its existing facility in the city of Sharonville. The value of the tax credit would be $38,755 over the term, and the company would be required to maintain operations at the project site for 10 years. Champion Door, a private company that is a subsidiary of Champion Window, is a manufacturer of custom doors for residential homes. The company will lease a total of 50,000 square feet to be used for manufacturing and offices and invest $180,000 in leasehold improvements and $415,000 in new machinery and equipment. The company is also considering its Colorado manufacturing facility and a larger operation in the western United States for this more than $400,000 project, which is expected to create 30 jobs and retain 33 positions within three years of the project's initial operations.

 

Danco Metal Products, to be located in Avon (Lorain County), has been awarded a 50 percent tax credit for an eight-year term to expand into a new facility in the city of Avon, The value of the tax credit would be $63,461 over the term, and the company would be required to maintain operations at the project site for 16 years. In 1941, Danco began fabricating portable x-ray equipment and now has excelled in the production of custom sheet metal fabrications as well as a variety of products from large construction equipment housings to parts for NASA's Apollo Space Program. The company plans to build a 60,000 square-foot facility that would be used to produce highly designed precision custom sheet metal fabrications. The project includes investments of $850,000 in land acquisition, $2 million in new building construction, and $1 million in machinery and equipment. The more than $4 million project is expected to create 25 jobs and retain 48 positions within the first three years of the project's initial operation.

 

CK Technologies, LLC (CK), located in Montpeller (Williams County), has been awarded a 55 percent tax credit for a seven-year term to expand its existing facility in the Village of Montpeller. The value of the tax credit would be $114,496 over the term, and the company would be required to maintain operations at the project site for 14 years. CK was established in 2002 in conjunction with Cascade Engineering, which provides expertise and intelligent solutions for the automotive, solid waste and industrial markets. CK specializes in molding large parts such as bumper fascias and support structures, side fairing, grilles, rain trays, battery box covers, fender liners, splash shields, mud flaps and air deflectors. The project includes $750,000 for the construction of a new 60,000 square-foot building on 33 acres of land, $30,000 for renovation of an existing building and $4 million for the acquisition of new machinery and equipment. CK is also considering a site in Indiana for this project, which, if located in Ohio, is expected to create 36 jobs and retain 162 positions within the first three years of the project's initial operations.

 

Liquid Control Corporation, located in North Canton (Stark County), has been awarded a 60 percent tax credit for a 10-year term to expand its existing facility in Jackson Township. The value of the tax credit would be $548,706 over the term, and the company would be required to maintain operations at the project site for 20 years. Liquid Control has been a leading designer and manufacturer of highly engineered precision resin dispensing equipment solutions. Liquid Control is the knowledge leader in dispensing equipment. Liquid Control offers a complete line of single-component and plural-component equipment for processes that include electrical potting, encapsulation, resin transfer molding, structural bonding, sealing, doming, gasketing, shot dispensing and molding. These dispensing solutions are then provided for manual operations or teamed with the right level of automation for their customer's application. Liquid Control will make a fixed-asset investment of at least $5 million, including $4 million in new construction and $1 million in new machinery and equipment. The company plans to expand its existing 77,000 square-foot facility by 58,000 square feet to be used for manufacturing, distribution and research and development of precision dispensing equipment. Ohio is in competition with Minnesota for this project, which is expected to create 32 jobs and retain 83 positions within the first three years of the project's initial operation.

 

Exel, Inc., to be located in Groveport (Franklin County), has been awarded a 75 percent tax credit for a five-year term to establish a new distribution facility in the city of Groveport. The value of the tax credit would be $266,571 over the term, and the company would be required to maintain operations at the project site for 10 years. Exel is a global leader in supply chain management, providing customer focused solutions to a wide range of manufacturing and retail industries, including automotive, technology, chemical, consumer, healthcare and retail. Exel employs 25,000 in the United States and Canada and is part of the Deutsche Post World Net Group, a sister company of DHL. Exel plans to invest $6 million in warehouse equipment, $1 million in computer equipment and $80,000 in office equipment for a new facility to be used to provide a variety of dedicated logistic services for a confidential client. Ohio is in competition with Pennsylvania and Illinois for this more than $7 million project, which is expected to create 80 jobs and maintain 382 positions within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1591.asp

 

ODOD press release, 7/31/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

FOR IMMEDIATE RELEASE

July 31, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 12 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 729 jobs and retain 1,195 positions.

 

ADS Alliance Data Systems, Inc. (Alliance Data), to be located in Columbus (Franklin County), has been awarded a 60 percent tax credit for a seven-year term to expand and relocate its transaction services facility. The value of the tax credit is estimated at $467,619 over the term, and the company would be required to maintain operations at the project site for 14 years. Alliance Data is a leading provider of transaction services, credit services and marketing services in North America. The company has a client base in excess of 300 companies, consisting mostly of specialty retailers, petroleum retailers, utilities, supermarkets, and financial services companies. The company's current facility is not large enough for expansion and the relocation from Gahanna (Franklin County) will satisfy its capacity and consolidation requirements and provide for future growth. Alliance Data proposes to lease a 200,000 square-foot facility, which is yet to be constructed, and invest at least $1 million in new machinery and equipment. Alliance Data is also considering the state of Texas for this project, which is expected to create 54 jobs and retain 529 positions within the first three years of the project’s initial operations.

 

AmeriCold Logistics, LLC (AmeriCold), to be located in Perry Township (Stark County), has been awarded a 50 percent tax credit for a five-year term to establish a new distribution facility. The value of the tax credit is estimated at $101,454 over the term, and the company would be required to maintain operations at the project site for 10 years. AmeriCold is the largest provider of third-party temperature-controlled supply chain services in the United States, including warehousing and distribution, transportation management, and supply chain optimization services. AmeriCold's primary customers include well-known consumer-packaged goods companies such as ConAgra, H.J. Heinz Co., General Mills, Sara Lee, Tyson and others. AmeriCold proposes to lease an 187,310 square-foot facility to be used as a third-party warehousing and distributing center servicing primarily H.J. Heinz Co. and customers yet to be identified. Ohio is in competition with Idaho, Pennsylvania and Missouri for this $3 million project, which is expected to create 40 jobs within the first three years of the project's initial operations.

 

Cellular Technology Ltd. (CTL), located in Shaker Heights (Cuyahoga County), has been awarded a 40 percent tax credit for a eight-year term to expand and establish a consolidated research and development, headquarters, and manufacturing facility. The value of the tax credit is estimated at $421,881 over the term, and the company would be required to maintain operations at the project site for 16 years. CTL and is a globally recognized biotechnology company that began by working with scientific discoveries patented at Case Western Reserve University in Cleveland, and focuses on reliable and specific immune monitoring for vaccine development, autoimmune disease and transplant management, and emerging strategies in oncology. CTL proposes to purchase an existing 36,000 square-foot facility for the development of immune monitoring applications for the medical industry, and invest $487,000 in building improvements and $250,000 in machinery and equipment. This more than $2.2 million project is expected to create 51 jobs and retain 37 positions within the first three years of the project's initial operations.

 

DR Technologies, Inc. (DRT), to be located in Dayton (Montgomery County), has been awarded a 40 percent tax credit for a five-year term to expand its composites business. The value of the tax credit is estimated at $281,491 over the term, and the company would be required to maintain operations at the project site for 10 years. DRT supplies small businesses with engineered composite structural products using high-performance advanced materials and manufacturing processes for government and commercial markets. DRT operates two subsidiary companies and acquired Vector Composites, Inc. of Kettering earlier this month. The company proposes to invest $1.7 million in manufacturing machinery and equipment, $150,000 for on-site infrastructure and $150,000 for leasehold improvements. DRT will utilize the newly acquired company as the basis for a composites production business focused on electronic enclosures, and will move Vector Composites' assets from a leased 5,000 square-foot facility to a 30,000 square-foot building in Dayton. This more than $2 million project is expected to create 99 jobs and retain one position within the first three years of the project's initial operations.

 

DSW, Inc. (DSW), located in Columbus (Franklin County), has been awarded a 65 percent tax credit for an eight-year term to expand its headquarters facility. The value of the tax credit is estimated at $1,008,170 over the term, and the company would be required to maintain operations at the project site for 16 years. DSW is one of the leading specialty branded footwear retailers in the United States. DSW opened its original store in Dublin, Ohio in 1991 and currently operates 204 company stores in 33 states. DSW proposes to relocate its existing corporate headquarters operation to an existing 147,000 square-foot facility near its current operation. The company plans to invest $7 million in leasehold improvements and $1 million for the acquisition of machinery and equipment. DSW is also considering sites in Pennsylvania and Kentucky for this $8 million project, which is expected to create 75 jobs and retain 195 positions within the first three years of the project’s initial operations.

 

Hawkline Nevada, LLC, to be located in Mt. Orab (Brown County), has been awarded a 40 percent tax credit for a five-year term to establish a manufacturing facility. The value of the tax credit is estimated at $163,499 over the term, and the company would be required to maintain operations at the project site for 10 years. Hawkline Nevada was established to purchase the assets of Hawkline LLC of the Village of Mt. Orab. Hawkline Nevada's managing member is the founder, president and chief executive officer of Carry-On Trailer (Carry-On), a 1,000- employee trailer manufacturer headquartered in the city of Livonia, Georgia. Hawkline Nevada proposes to invest $1.29 million for manufacturing machinery and equipment and $250,000 for the renovation of a leased 160,000 square-foot facility, which will be used to manufacture farm equipment, farm-related products, and trailers. Ohio is in competition with Iowa and Georgia for this more than $1.5 million project, which is expected to create 72 jobs and retain 51 positions within the first three years of the project's initial operations.

 

Optimum Technology, Inc., located in Columbus (Franklin County), has been awarded a 25 percent tax credit for a five-year term to expand its software development operation. The value of the tax credit is estimated at $215,044 over the term, and the company would be required to maintain operations at the project site for 10 years. Optimum Technology provides software development and system integration services to state and local government agencies, designing custom solutions using commercially available software. Optimum Technology proposes to invest at least $125,000 for computer systems and servers and lease an additional 2,500 square feet of space adjacent to its existing 7,000 square feet of office space. The facility will be used to expand existing software development operations and provide for future growth. Optimum Technology is also considering India and Canada for this project, which is expected to create 60 jobs and retain 38 positions within the first three years of the project's initial operations.

 

Pinnacle Data Systems, Inc. (Pinnacle Data), located in Groveport (Franklin County), has been awarded a 45 percent tax credit for a seven-year term to expand its software development operation. The value of the tax credit is estimated at $338,810 over the term, and the company would be required to maintain operations at the project site for 14 years. Pinnacle Data provides depot repair service for workstations of the UNIX operating system. Engineers managing a network of UNIX workstations for The Ohio State University created Pinnacle Data after unsuccessfully searching for dependable UNIX workstation repair facilities. The company provides solutions in mission critical industries such as telecommunications infrastructure equipment, medical devices, industrial controllers, and printing and digital imaging servers. Pinnacle Data proposes to invest $300,000 in leasehold improvements to its existing 113,000 square-foot facility and $125,000 for the acquisition of machinery and equipment. The facility will be utilized for engineering, manufacturing, logistics and depot computer repair services. Ohio is in competition with California for this $425,000 project, which is expected to create 50 jobs and retain seven positions within the first three years of the project's initial operations.

 

RAPID MR International, LLC (RAPID MRI), to be located in Columbus (Franklin County), has been awarded a 35 percent tax credit for a five-year term to expand its first North American facility. The value of the tax credit is estimated at $50,102 over the term, and the company would be required to maintain operations at the project site for 10 years. RAPID Biomedical GmbH was founded in Wuerzburg, Germany by Professor Axel Haase and Ulrike Haase as an affiliate of the Physics Institute of Wuerzburg. RAPID Biomedical GmbH produces and sells products to be used in Magnetic Resonance Imaging units, referred to as "MRI coils," to make MRI examinations more accurate and efficient. RAPID Biomedical GmbH, with 24 employees in Germany, is the only company in the world that develops and produces MRI coils for all purposes and field strengths. The company will open operations as RAPID MRI, LLC in the United States in 2006 to cater specifically to the North American market. RAPID MRI, proposes to invest $89,000 on leasehold improvements and $305,000 in new machinery and equipment. The company will lease a 3,000 square-foot facility, which will be used for servicing RAPID Biomedical products, producing new RAPID MR International products, and for research and development. Ohio is in competition with the states of Iowa and Massachusetts, as well as the province of Ontario, Canada for this more than $394,000 project, which is expected to create 11 jobs within the first three years of the project's initial operations. The company is also exploring partnerships with various Ohio research entities as part of the state’s Third Frontier project.

 

SSOE, INC. (SSOE), located in Toledo (Lucas County), has been awarded a 60 percent tax credit for a six-year term to expand its headquarters facility. The value of the tax credit is estimated at $1,004,484 over the term, and the company would be required to maintain operations at the project site for 12 years. SSOE is a full service architectural and engineering firm that serves a wide variety of markets including automotive, chemical, civil/infrastructure, commercial, education, energy (pipelines, refining, terminals, power, and alternative energy),food and beverage, glass, healthcare, manufacturing, personal and household care, pharmaceutical and retail. SSOE proposes to invest $450,000 in building renovations and $1.008 million in new IT hardware. The company will modify its existing facility and lease an additional 13,750 square-foot building; both facilities will be utilized for engineering and process design. Ohio is in competition with Michigan for this $1.458 million project, which is expected to create 120 jobs and retain 293 positions within the first three years of the project's initial operations.

 

Thermo Eberline, LLC (Thermo), to be located in the Village of Oakwood (Cuyahoga County), has been awarded a 50 percent tax credit for a five-year term to expand its facility. The value of the tax credit is estimated at $290,342 over the term, and the company would be required to maintain operations at the project site for 10 years. Thermo is a wholly-owned subsidiary of Thermo Electron Corporation, which is a scientific instruments company founded with engineering and manufacturing capabilities servicing many market segments. Thermo Electron and Fisher Scientific International, Inc. have agreed to combine to create a leading provider of laboratory products and services in the life, laboratory, and health sciences industries. Thermo proposes to invest $945,000 in machinery and equipment and $1.6 million in leasehold improvements to a 42,000 square-foot facility to house program management, R&D, manufacturing, and future Thermo product initiatives. Ohio is in competition with New Mexico for this more than $2.6 million project, which is expected to create 47 jobs and retain 44 positions within the first three years of the project's initial operations.

 

Three Bond International, Inc. (TBI), to be located in Moraine (Montgomery County), has been awarded a 45 percent tax credit for a seven-year term to construct a new manufacturing facility. The value of the tax credit is estimated at $280,289 over the term, and the company would be required to maintain operations at the project site for 14 years. TBI manufactures sealing agents and adhesives for both industrial and commercial use. The company has two manufacturing plants in cities of West Chester (Butler County) and Los Angeles, California; sales branches in the cities of Cincinnati, Detroit, Atlanta, and Los Angeles; and an R&D Center and global headquarters in West Chester. TBI is considering construction of a 35,000 square-foot facility to expand its production capabilities for manufacturing sealing agents and adhesives. TBI proposes to invest $125,000 in land acquisition, $1.5 million in new construction and $605,000 in new manufacturing machinery and equipment. TBI is also considering Indiana for this $2.23 million project, which is expected to create 50 jobs within the first three years of the project’s initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1628.asp

 

ODOD press release, 8/28/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

FOR IMMEDIATE RELEASE

August 28, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for five companies involved in business location or expansion projects that, if located in Ohio, are expected to create 360 jobs and retain 765 positions.

 

One Product Place, LLC dba MoQvo, LLC (MoQvo), to be located in Dublin (Franklin County), has been awarded a 30 percent tax credit for a five-year term to establish a new headquarters operation. The value of the tax credit is estimated at $55,704 over the term, and the company would be required to maintain operations at the project site for 10 years. MoQvo is a privately held, start-up company that will provide a free web-based platform for using, organizing and sharing a user's favorite audio, video and text feeds. Founded in 2006, MoQvo made the beta release of its unique platform to users worldwide in June. MoQvo proposes to invest in computers and computer server equipment, and lease 5,000 square feet of office space in an existing facility, which will be used for its headquarters operations, system and software development and will accommodate future company growth. Ohio is in competition with California and New York for this more than $250,000 project, which is expected to create 15 jobs within the first three years of the project's initial operations.

 

Alpla, Inc., to be located in the Village of Fort Shawnee (Allen County) or Perry Township (Allen County), has been awarded a 55 percent tax credit for a ten-year term to establish a new headquarters operation. The value of the tax credit is estimated at $162,344 over the term, and the company would be required to maintain operations at the project site for 20 years. Alpla is a 100 percent subsidiary of Alpla GmbH u. Co KG, an Austrian company, and is a supplier of plastic containers that creates plastic packaging solutions for customers through its own standardizing technologies. The company uses technologies related to extrusion blow molding, stretch blow molding, injection blow molding and injection molding for its products. Alpla proposes to either purchase an existing building in the Village of Fort Shawnee, or locate the project in Perry Township, where it would construct a new facility to be used primarily to manufacture plastic containers for liquid consumer products. Alpla will invest $350,000 for the purchase of land, $3.5 million for the construction of a new building or the purchase of an existing building, $10 million in machinery and equipment and $2 million in other infrastructure. Ohio is in competition with Indiana for this project, which is expected to create 30 jobs within the first three years of the project's initial operations.

 

Wilbert, Inc., to be located in Bellevue (Huron County), has been awarded a 45 percent tax credit for a five-year term to expand operations. The value of the tax credit is estimated at $275,684 over the term, and the company would be required to maintain operations at the project site for 10 years. Wilbert is a privately held company that began operations as Leo G. Haase Manufacturing Company, a provider of concrete products. Wilbert originally manufactured, and established a network of licensees who manufactured, concrete burial vaults for funeral homes and cemeteries. Wilbert first entered the plastics manufacturing business in 1966 to manufacture thermoformed plastic burial vault liners that were used exclusively in the manufacture of Wilbert burial vaults. During the last two decades, Wilbert acquired additional plastic processing companies that manufacture custom plastic parts for independent third parties. The company currently consists of two business units, Funeral Services and Industrial Plastics. Wilbert proposes to lease an existing 197,550 square-foot facility to manufacture injection molded plastic parts largely for the washer and dryer industry, and invest $1.5 million in leasehold improvements and $9.5 million in machinery and equipment. Ohio is in competition with Kentucky for this more than $11 million project, which is expected to create 250 jobs within the first three years of the project's initial operations.

 

YSK Corporation, to be located in Chillicothe (Ross County), has been awarded a 50 percent tax credit for a five-year term to expand operations. The value of the tax credit is estimated at $37,356 over the term, and the company would be required to maintain operations at the project site for 10 years. YSK is a wholly owned subsidiary of Yanagawa Seiki Co., Ltd., which is headquartered in Japan and manufactures automotive parts for Honda Motor Corp., Ltd. YSK currently has 227 employees at its single location in Chillicothe, where it produces automotive parts primarily for Honda of America Mfg., Inc. The company's products include the lower portion of the engine block, wheel hubs and front suspension arms. YSK proposes to invest $21.8 million in machinery and equipment and $2.6 million for the construction of a 40,000 square-foot addition to add lower engine block manufacturing capacity and for the addition of new lines to produce 4-pin differential cases and differential carriers as the company shifts the manufacturing of these components from Japan to the United States. Ohio is in competition with South Carolina, Kentucky and West Virginia for this more than $24.4 million project, which is expected to create 30 jobs and retain 240 positions within the first three years of the project's initial operations.

 

RMI Titanium Company (RMI), to be located in Weathersfield Township (Trumbull County), has been awarded a 45 percent tax credit for an eight-year term to expand operations. The value of the tax credit is estimated at $118,036 over the term, and the company would be required to maintain operations at the project site for 16 years. RMI is a subsidiary of RTI International Metals, Inc. (RTI), a publicly traded company that is headquartered in Weathersfield Township and is one of the world's largest producers of titanium. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications. RTI has two business groups, the Titanium Group and the Fabrication & Distribution Group, and is made up of 1,200 people at 19 locations in the United States, Canada, Europe, and Asia. RMI proposes to expand its existing facility to support growth opportunities in existing commercial and military aerospace markets and provide cost effective manufacturing methods for advanced, lightweight titanium including forging, rolling, finishing, laboratory testing and non-destructive inspection. RMI will invest $100,000 for new construction and $7.4 million for new machinery and equipment. Ohio is in competition with Pennsylvania for this more than $7.5 million project, which is expected to create 35 jobs and retain 525 positions within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/releases/1641.asp

---

An oldie, but goodie:

 

 

JOB CREATION AND RETENTION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

FOR IMMEDIATE RELEASE

June 26, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation and Retention Tax Credits for 13 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 1,519 jobs and retain 6,353 positions.

 

Action Group, Inc., located in Blacklick (Franklin County), has been awarded a 40 percent tax credit for a five-year term to expand its steel and wood fabrication operations. The value of the tax credit is estimated at $32,492 over the term, and the company would be required to maintain operations at the project site for ten years. Action Group was founded in 1982 as a screen printer specializing in real estate signs. The company later added steel and wood fabrication and dropped the screen-printing business in 2001. Action Group's Columbus facility manufactures products for telecommunications, vehicles, retail store fixtures, and military projects; and produces vendor shop fixtures, rollout packages, catalog and stock displays, kiosks, prototyping and architectural woodwork. Action Group will make a fixed-asset investment of at least $1.4 million, including $1.3 million in new machinery and equipment. This project is expected to create 25 jobs and retain 69 positions within the first three years of the project's initial operation.

 

Kinetic Technologies (K-Tec), to be located in the city of Wickliffe (Lake County), has been awarded a 35 percent tax credit for a seven-year term to relocate its headquarters and manufacturing and research and development operations. The value of the tax credit is estimated at $78,049 over the term, and the company would be required to maintain operations at the project site for 14 years. K-Tec was founded in 2002 to provide solutions to manufacturers' material handling needs and now manufactures a series of towable powered and non-powered carts that are specifically designed to ergonomically handle production material in forklift-free applications. K-Tec is privately owned and currently employs nine people at its sub-leased space in the City of Cleveland. K-Tec is considering relocating the company to a currently vacant 40,000 square-foot section of an existing 109,000 square-foot facility building. K-Tec will invest at least $883,000 in machinery and equipment and the facility will be used to manufacture forklift free systems and to house the company's headquarters and R&D department. K-Tec is also considering locations in Louisiana and Michigan for this project, which is expected to create 31 jobs and retain nine positions within the first three years of the project's initial operations.

 

Ada Technologies Inc. (ATI), located in Ada (Hardin County), has been awarded a 40 percent tax credit for seven-year term for the expansion of its existing facility. The value of the tax credit is estimated at $80,466 over the term, and the company would be required to maintain operations at the project site for 14 years. ATI is a wholly owned subsidiary of Atsumitec Co., Ltd., a Japanese corporation that is a supplier to Honda Motor Co., Ltd. ATI currently has 216 full-time employees and produces gear-shifting components used in the production of various Honda and Acura vehicles. The proposed project includes an investment of at least $1.9 million to build a 50,000 square-foot expansion to the current facility. The expansion will increase the facility's warehousing capabilities in order to meet increased demand, as well as provide 6,000 square-feet of new office space. ATI is also considering sites in the states of South Carolina and Alabama for this project, which is expected to create 35 jobs and retain 216 positions within the first three years of the project's initial operation.

 

Highway Composites LLC (HC) Monroeville Industrial Moldings Inc., located in Norwalk (Huron County), has been awarded a 45 percent tax credit for seven-year term to consolidate the operations of two subsidiary companies. The value of the tax credit is estimated at $130,267 over the term, and the company would be required to maintain operations at the project site for 14 years. HC is a private holding company with two primary subsidiary companies, Monroeville Industrial Moldings, Inc. (MIM) and PIPO, Inc (PIPO). MIM is presently located in Monroeville (Huron County) and PIPO is located in Norwalk (Huron County). The proposed project includes the purchase of an existing 213,000 square-foot building where PIPO currently leases space. The company proposes to invest $2.3 million for the purchase of the building and $1.15 million for new manufacturing machinery and equipment. The facility will be used to manufacture and distribute MIM's line of plastic support components for highway guardrail systems and for the materials and logistics handling business of PIPO. Ohio is in competition with Utah for this more than $3.4 million project, which is expected to create 69 jobs and retain 62 positions within the first three years of the project's initial operation.

 

E2E SerWiz Solutions Limited/A TATA Enterprise (SerWizSol), to be located in the Village of Reno (Washington County), has been awarded a 50 percent tax credit for a five-year term to establish a new incoming call center. The value of the tax credit is estimated at $284,000 over the term, and the company would be required to maintain operations at the project site for ten years. SerWizSol is a TATA Enterprise and a 100 percent subsidiary of TATA Sons Ltd, which is part of the TATA group, the largest industrial conglomerate in India with operations in more than 40 countries across six continents. SerWizSol was created in May 2004 to address the large internal needs of the TATA group and to focus on external business opportunities. SerWizSol is pursuing its growth plans by focusing on select industry segments such as travel, healthcare, direct-to-home entertainment, utilities, telecommunications and government-to-citizen initiatives. The company proposes to relocate its incoming-only call center from Parkersburg, West Virginia to a 28,900 square-foot facility located within an existing commercial building in the Reno Commerce Park. All of the current call center employees will be moved to the new facility, which will be an incoming call center for the hospitality industry. SerWizSol will make a fixed-asset investment at the site of $775,000, including $35,000 in leasehold improvements and $690,000 in machinery and equipment. This project is expected to create 375 jobs within the first three years of the project's initial operation.

 

Summit Ethanol LLC, to be located in the Village of Leipsic (Putnam County), has been awarded a 50 percent tax credit for a seven-year term to establish a 60 million gallon ethanol production facility. The value of the tax credit is estimated at $135,174 over the term, and the company would be required to maintain operations at the project site for 14 years. Summit Ethanol is a subsidiary of the Broin Companies (Broin), which has designed and constructed 22 operating ethanol plants in five states and has nine others currently under construction. Currently, Broin is the second largest ethanol producer in the United States, managing, producing, and marketing more than 750 million gallons of ethanol annually. The company proposes to invest $26.8 million for the purchase of 100 acres and construction of a 50,000 square-foot ethanol production facility in the Village of Leipsic, as well as $47.8 million for new machinery and equipment. The facility is expected to produce up 60 million gallons of ethanol per year. Ohio is in competition with the states of Indiana and Michigan for this more than $90 million project, which is expected to create 41 jobs within three years of the project's initial operations.

 

Tigerpoly Manufacturing, Inc. (Tigerpoly), located in Grove City (Franklin County), has been awarded a 65 percent tax credit for a seven-year term to expand production at its manufacturing facility. The value of the tax credit is estimated at $220,726 over the term, and the company would be required to maintain operations at the project site for 14 years. Tigerpoly was established in 1987 to supply Honda of America Mfg., Inc. with injection-molded and blow-molded under-hood air induction components. Tigerpoly is a wholly owned subsidiary of Tigers Polymer Corporation (Tigers Polymer) of Osaka, Japan. The company proposes a 56,000 square-foot expansion of its existing 130,000 square-foot facility to manufacture under hood plastic and rubber components for automotive use, specializing in air induction systems. Tigerpoly will invest approximately $6.1 million in construction, $4.1 million in new equipment and $700,000 in building renovation. Ohio is in competition with the state of Michigan for this $10.9 million project, which is expected to create 45 jobs and retain 277 positions within the first three years of the project's initial operations.

 

Wrayco Industries, Inc. (Wrayco), located in Stow (Summit County) has been awarded a 50 percent tax credit for an eight-year term to expand its existing facility in order to accommodate increased business due to new sales contracts. The value of the tax credit is estimated at $442,509 over the term, and the company would be required to maintain operations at the project site for 16 years. Wrayco manufactures steel fabrications for the heavy construction, off-highway transportation, mining, and forestry industries and makes parts that are incorporated into aircraft, railroad cars, steam ships, tug boats, bull dozers, earthmoving equipment, well-drilling equipment and cranes. The company's existing 100,000 square-foot facility is older and outdated, and too small for Wrayco's sustained growth. The company proposes a 160,000 square-foot expansion for the production of different types of sheet metal weldments for the heavy construction and mining industries such as fuel tanks, hydraulic tanks, fenders, platforms and brackets. Wrayco will invest $2 million in land acquisition and preparation, $11.79 million for new construction (including water and sewer improvements), and $8.5 million for new machinery and equipment. Wrayco is also considering the States of Tennessee, South Carolina, Alabama and Georgia for this more than $23 million project, which is expected to create 90 positions and retain 182 jobs within the first three years of the project's initial operations.

 

Doubleday Acquisitions dba AcuTemp, located in Moraine (Montgomery County), has been awarded a 55 percent tax credit for an eight-year term to relocate and expand its headquarters, research and development (R&D) and manufacturing facility. The value of the tax credit is estimated at $255,890 over the term, and the company would be required to maintain operations at the project site for 16 years. AcuTemp is a provider of temperature management solutions. The company develops and manufactures products in the industry segments of medical storage and transportation, appliance manufacturing and construction, all of which rely on advanced thermal management. The company proposes to purchase an 80,000 square-foot facility to house its headquarters, R&D facilities, process development facilities, manufacturing space and warehousing space for thermal management products. The proposed project includes an investment of $2.2 million for land and building acquisition and $900,000 for the acquisition of machinery and equipment. Ohio is in competition with the state of Indiana and other sites in the Southern United States for this $3.5 million project, which is expected to create 40 jobs and retain 42 positions within the first three years of the project's initial operations.

 

Gradall Industries, Inc. (Gradall), located in New Philadelphia (Tuscarawas County), has been awarded a 60 percent tax credit for a seven-year term to reorganize and expand its existing facility in order to increase productivity and accommodate new machinery and equipment for a new product line. The value of the tax credit is estimated at $387,513 over the term, and the company would be required to maintain operations at the project site for 14 years. Gradall manufactures telescopic boom excavators for sale in municipal, construction and industrial markets worldwide. Gradall has been located in New Philadelphia for over 50 years and its current owner, The Alamo Group (Alamo), is headquartered in Texas. Gradall is Alamo's largest division, making up approximately 20 percent of its total sales. Gradall is experiencing increased market growth as customers move towards wheeled excavators such as those made by Gradall in lieu of the more common crawler excavators. The proposed project includes $1.8 million for renovation of an existing 422,000 square-foot facility to manufacture hydraulic excavators and parts for the industrial and construction industries, and $4.2 million for the purchase of new machinery and equipment. Ohio is in competition with the Alabama and other states with Alamo facilities for this more than $6 million project, which is expected to create 75 jobs and retain 398 positions within the first three years of the project's initial operations.

 

General Motors Corporation (GM), located in Toledo (Lucas County), has been awarded a 65 percent Job Retention Tax credit for a seven-year term for the retention of at least 2,000 full-time positions resulting from the company's renovation and expansion of its Toledo facility. The value of the tax credit will be capped at $23 million over the term, and the company would be required to maintain operations at the project site for 14 years. Founded in 1908, GM is the world's largest automaker and currently employs about 327,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. The proposed project includes the renovation and expansion of GM's current Powertrain facility to manufacture next generation transmissions. The company proposed to expand and renovate its existing facility, which will be used to house manufacturing of GM's new generation of Powertrain equipment. GM will invest $70 million in a 400,000 square-foot building addition, $30.6 million in building renovation and $312.6 million in machinery and equipment. Thousands of jobs could be lost, as the transmission currently manufactured in Toledo will be phased out over the next five years. The proposed project in Toledo will ensure that the Powertrain facility in Toledo remains active and profitable, protecting it from potential plant closure and protecting Ohio jobs. Ohio is in competition with Willow Run, Michigan and Mexico for this more than $413 million project, which is expected to retain at least 2,000 jobs for the term of the tax credit.

 

FDS Coke (FDS), to be located in Toledo (Lucas County), has been awarded a 65 percent tax credit for a ten-year term to establish a new facility. The value of the tax credit is estimated at $1,235,032 over the term, and the company would be required to maintain operations at the project site for 20 years. FDS was established in 2005 by a consortium of investors including the U. S. Coking Group. FDS proposes a new plant to turn coal into coke, a key ingredient in steel production. It is typically a high-emission process; however, the Toledo facility will be equipped with new technology and more efficient pollution controls, such as a smokestack scrubber to minimize ozone releases into the atmosphere and a bag house to capture airborne particles. FDS will build a 140,000 square-foot processing facility and additional smaller support buildings to be used for the production of metallurgical coke. The company will invest $4.6 million in building construction, $320 million in new machinery and equipment, and $1.29 million in on-site infrastructure and site preparation. Ohio is in competition the states of Illinois, Indiana, Pennsylvania, Michigan and other low cost producers in Asia and South America for this more than $325 million project, which is expected to create 140 jobs within the first three years of the project's initial operations.

 

Whirlpool Corporation, located in Clyde (Sandusky County), has been awarded a 75 percent tax credit for a 15-year term to expand its home appliances facility. The value of the tax credit is estimated at $6,393,205 over the term, and the company would be required to maintain operations at the project site for 30 years. Whirlpool is a leading global manufacturer and marketer of major home appliances that manufactures in 12 countries under nine principal brand names and markets products to distributors and retailers in more than 170 countries. On March 31, 2006 Whirlpool completed the acquisition of Maytag Corporation. The proposed project includes the consolidation of the former Maytag facilities in the states of Iowa, Illinois and Arkansas to the Whirlpool facility in Clyde. The company will invest at least $23 million in machinery and equipment to update its Clyde facility, which will be utilized to manufacture home appliances and perform research and development of new laundry care technology. The project is expected to create 553 jobs and retain 3,098 within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. The Job Retention Tax Credit provides corporate franchise or state income tax credit for businesses that commit to retain a significant number of full-time jobs.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1609.asp

 

ODOD press release, 9/25/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

FOR IMMEDIATE RELEASE

September 25, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 11 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 966 jobs and retain 1,184 positions.

 

Butler Animal Health Supply, LLC, located in Dublin (Franklin County), has been awarded a 45 percent tax credit for a five-year term to expand of its current headquarters facility. The value of the tax credit is estimated at $94,992 over the term, and the company would be required to maintain operations at the project site for 10 years. Butler Animal Health was founded in 1953 as The Butler Company and became Butler Animal Health Supply in 2002 when it acquired DVM Manager, a veterinary practice management software company. Butler Animal Health is now a leading distributor of companion animal health supplies to veterinarians, serving over 29,000 veterinary clinics in all 50 states and distributing over 15,000 products. The company maintains 15 distribution centers and eight telecenters nationwide and employs 672 people globally. The company proposes to expand its current facility to be used as the headquarters for its animal health supply operation. Ohio is in competition with Kentucky and Iowa for this more than $560,000 project, which is expected to create 30 jobs and retain 120 positions within the first three years of the project's initial operations.

 

Abbott's Ross Products Division, located in Columbus (Franklin County), has been awarded a 50 percent tax credit for a seven-year term to expand its current facility with the creation of a new production line. The value of the tax credit is estimated at $235,931 over the term, and the company would be required to maintain operations at the project site for 14 years. Abbott is a publicly traded company with its corporate headquarters in Illinois. The Ross Products Division facility has been located in the city of Columbus since 1903. Ross Laboratories was purchased by Abbott in 1964 and became the Ross Products Division of Abbott Laboratories. Abbott is a broad-based health care company presently serving customers in 130 countries with 65,000 employees in over 100 locations worldwide. Ross' Columbus plant produces infant nutritional products in 2-ounce and 32-ounce ready-to-feed bottles. These products include Similac, Isomil, and Alimentum. The company proposes to invest $34.73 million for new machinery and equipment and to renovate its existing facility to be used for the new production line, which includes processing, filling and packaging of both infant and adult nutritional products, including PediaSure and Ensure. This more than $48 million project is expected to create 48 jobs and retain 343 positions within the first three years of the project's initial operations.

 

The Andersons Incorporated, to be located in Greenville (Darke County), has been awarded a 50 percent tax credit for a seven-year term for the development and construction of a 110 million-gallon ethanol production facility. The value of the tax credit is estimated at $207,047 over the term, and the company would be required to maintain operations at the project site for 14 years. The Andersons was established in Maumee, Ohio, in 1947 and currently employs 2,727 people worldwide. The Ethanol Division is currently involved in the construction of ethanol plants in the states of Indiana and Michigan that will be capable of producing 165 million gallons of ethanol per year when complete. The division also provides facility management and corn origination services, as well as ethanol and distiller dried grain marketing. The company proposes to construct a 50,000 square-foot facility and purchase new machinery and equipment to establish the ethanol production facility. The facility will produce as a by-product dried distillers grain and CO2 that can be sold for various applications. Ohio is in competition with Indiana and Illinois for this more than $118 million project, which is expected to create 39 jobs within the first three years of the project's initial operations.

 

em3, LLC, to be located in Springfield (Clark County), has been awarded a 35 percent tax credit for a five-year term to establish a research and development call center. The value of the tax credit is estimated at $58,388 over the term, and the company would be required to maintain operations at the project site for 10 years. em3 is a certified minority-owned limited liability corporation founded in 2004. em3 is a research and development marketing and communications company that provides Customer Relationship Management (CRM) service utilizing traditional marketing techniques along with cutting edge technological resources to service the needs of its clients. The company intends to provide information and marketing expertise to various corporate clients with an inbound/outbound call center to provide services such as market research, lead generation, and information services. The company proposes to purchase machinery and equipment and make leasehold improvements to a 10,000 square-foot facility for the call center, which will provide research and information, including market tracking and demographics, to various corporate clients. This more than $1.4 million project is expected to create 55 jobs and retain one position within the first three years of the project's initial operations.

 

Formica Corporation, located in Evendale (Hamilton County), has been awarded a 50 percent tax credit for an eight-year term to expand its manufacturing facility. The value of the tax credit is estimated at $334,625 over the term, and the company would be required to maintain operations at the project site for 16 years. Formica was founded in 1913 and is currently a wholly owned subsidiary of Formica Bermuda Holdings, Ltd. The company employs 4,064 people around the world and specializes in the development and manufacturing of decorative surfacing products used for numerous applications including cabinetry, millwork, countertops, vanities, store fixtures, floorings and furniture. The company proposes to renovate a portion of its 1,029,832 square-foot facility, and the renovation and new machinery will support the company’s expansion of its new High Pressure Laminates line. High Pressure Laminates are resin-treated papers, highly resistant to abrasion and impact that provide design and wear benefits for countertops, cabinets and furniture. This more than $25 million project is expected to create 95 jobs and retain 507 positions within the first three years of the project's initial operations.

 

GENCO, Inc., to be located in the Village of Obetz (Franklin County), has been awarded a 55 percent tax credit for a seven-year term to establish a new third-party logistics facility. The value of the tax credit is estimated at $1,279,647 over the term, and the company would be required to maintain operations at the project site for 14 years. GENCO is a subsidiary of GENCO Distribution System, Inc., a privately held corporation based in Pittsburgh that is a leading third-party logistics provider and a leader in supply chain management and execution. The company currently employs over 6,000 people worldwide and manages over 26.3 million square feet of warehouse space at over 94 facilities throughout North America, Australia and the United Kingdom. The company proposes to purchase new machinery and equipment and lease a 212,000 square-foot facility to provide repair services and distribution for Dell Corporation. Much of GENCO's work will be to handle returns, diagnostics, repair and re-shipment of Dell products. The facility will also allow GENCO room for future growth for other third-party logistics management undertakings. This more than $2.4 million project is expected to create 488 jobs within the first three years of the project's initial operations.

 

Quaker Chemical Corporation, located in Middletown (Butler County), has been awarded a 55 percent tax credit for a 10-year term to expand its current facility. The value of the tax credit is estimated at $295,489 over the term, and the company would be required to maintain operations at the project site for 20 years. Quaker was founded in 1918 and is headquartered in Conshohocken, Pennsylvania and manufactures various chemicals for the steel industry, including lubricants, corrosion prevention and cleaners. Quaker's products, are currently used in nearly 200 steel mill applications worldwide. The company proposes to lease a 100,000 square-foot facility from the Butler County Port Authority to establish the company's largest fluids production location in the world. Ohio is in competition with all other Quaker facilities and other locations for this project, which is expected to create 45 jobs and retain 40 positions within the first three years of the project's initial operations.

 

TSS Technologies, Inc. (TSS), located in West Chester (Butler County), has been awarded a 60 percent tax credit for a 10-year term to expand its current facility. The value of the tax credit is estimated at $336,221 over the term, and the company would be required to maintain operations at the project site for 20 years. TSS is a private company founded in 1948 that is a national leader in the design, engineering and manufacture of components and assemblies. The company focuses on manufacturing groups that include Medical Systems, Systems Integration and Engineering, Aerospace, Automotive, and Aviation Power and Marine. The company proposes to lease a 205,000 square-foot facility to expand the company's design and manufacturing capacity of components and assemblies. TSS is anticipating the additional space will facilitate the growth of its nuclear and wind power business segments. Ohio is in competition with Kentucky for this more than $4 million project is expected to create 50 jobs and retain 70 positions within the first three years of the project's initial operations.

 

Kool Aire, LLC, to be located in Bedford Heights (Cuyahoga County), has been awarded a 40 percent tax credit for a five-year term to expand its current facility. The value of the tax credit is estimated at $36,693 over the term, and the company would be required to maintain operations at the project site for 10 years. Since 1953, Bessam-Aire Inc has been a provider of low-cost and efficient large-scale climate control units. The company manufactured complete lines of Evaporative Coolers, Cooling Modules, Portable Evaporative Coolers, Combination Gas Fired & Evaporative Coolers, Industrial Heaters, Indirect Gas Fired Air, Turnover Units, Destratifying Units, and Clean Air Recirculators. In May 2006, Bessam-Aire was renamed Kool Aire and currently employs 15 people at its only location in the Bedford Heights. The company proposes to purchase new machinery and equipment and a 55,000 square-foot facility to manufacture climate control units for a variety of industries. Ohio is in competition with Colorado for this more than $1.5 million project, which is expected to create 26 jobs and retain 15 positions within the first three years of the project's initial operations.

 

Rastra Ohio, Inc., located in Columbus (Franklin County), has been awarded a 25 percent tax credit for a five-year term to expand its current facility. The value of the tax credit is estimated at $48,949 over the term, and the company would be required to maintain operations at the project site for 10 years. RASTRA® Insulated Concrete Form (ICF) is a trademarked alternative building material that can be used in place of most types of conventional construction methods, including wood framing, masonry block, steel frame, and prefab concrete. The system was developed by Karl Holik and his company at that time in 1972 and today, the technology is used in various manufacturing operations in Europe and the United States. Rastra Corporation is a privately held firm formed in 2004 by Mr. Holik that is comprised of 6 employees who provide project management and technical support to customers using the ICF product. Rastra Ohio Inc. will be an independent licensee of Rastra Corporation, sharing some administrative and support functions. The company proposes to lease a 20,000 square-foot facility to be used to batch recycled polystyrene, mold forms and manufacture concrete forms. This more than $6.2 million project is expected to create 50 jobs within the first three years of the project's initial operations.

 

Select-Arc, Inc., located in Fort Loramie (Shelby County), has been awarded a 40 percent tax credit for a seven-year term to expand its current facility. The value of the tax credit is estimated at $84,831 over the term, and the company would be required to maintain operations at the project site for 14 years. Select-Arc is a private company that was founded in 1996 and produces tubular welding electrodes. The company is owned by a group of shareholders, who also control Arcos Industries, which is based in Pennsylvania. Select-Arc currently employs 88 people and the facility located in the Village of Fort Loramie is Select-Arc's only location. The company proposes to purchase machinery and equipment and expand its current facility by 30,000 square-feet to allow space for new tubular welding electrode production lines. This more than $3.6 million project is expected to create 40 jobs and retain 88 positions within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/releases/1656.asp

 

ODOD press release, 12/4/06:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Economic Development Projects to create 896 jobs for Ohioans

FOR IMMEDIATE RELEASE

December 4, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 15 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 896 jobs and retain 1,349 positions.

 

Comfort Line, Ltd. (CLL), located in Toledo (Lucas County), has been awarded a 30 percent tax credit for a five-year term to expand its existing facility. The value of the tax credit is estimated at $41,640 over the term, and the company would be required to maintain operations at the project site for 10 years. CLL is a Toledo-based privately held composites business founded in 1966 that produces fiberglass, or FRP-fiber reinforced plastic. The vertically integrated company pultrudes close-tolerance, complex lineal profiles that are used as structural members for windows, doors and sunrooms. Using its new technology, CLL has developed industry-first fiberglass sunroom collaboration with Owens-Corning, which will market the product as SunSite Sunrooms through its existing distribution channels. CLL will pultrude the FRP lineal profiles and fabricate sunrooms into custom, pre-fabricated kits. The company proposes to upgrade its existing 232,000 square-foot facility and purchase new machinery and equipment to support its pultruded lineal profiles. Ohio is in competition with Michigan for this $10 million project, which is expected to create 55 jobs within the first three years of the project's initial operations.

 

GenPak LLC (GenPak), to be located in Columbus (Franklin County), has been awarded a 30 percent tax credit for a six-year term to expand its food service container packaging manufacturing facility. The value of the tax credit is estimated at $29,130 over the term, and the company would be required to maintain operations at the project site for 12 years. GenPak is a leading manufacturer and distributor of single use food service packaging and is headquartered in Glenn Falls, New York. The company produces an assortment of "To Go Containers," including plastic, foam and laminated dinnerware, salad and soup bowls, supermarket trays and bakery and ovenable products. The company proposes to acquire an existing building located near its existing facility to provide for the addition of new production equipment and warehouse and shipping space. The 102,240 square-foot facility will be used for the manufacture of food service containers and packaging. Ohio is in competition with Kentucky and Indiana for this more than $6.7 million project, which is expected to create 25 jobs and retain 52 positions within the first three years of the project's initial operations.

 

BH Thermal Corporation dba BriskHeat (BriskHeat), to be located in Columbus (Franklin County), has been awarded a 35 percent tax credit for a seven-year term to acquire a new manufacturing facility. The value of the tax credit is estimated at $36,608 over the term, and the company would be required to maintain operations at the project site for 14 years. BriskHeat was founded in Columbus in 1951 and has a diverse portfolio of products throughout the heat trade marketing, servicing the U.S. military and government with durable and flexible multi-stranded knit and braided heating elements. BriskHeat has provided heating blankets to NASA for bonding heating shields to space capsules and services the semiconductor industry with durable and flexible heating jackets to prevent condensation and avoid costly downtime. The company proposes to lease a building to handle and anticipated increase in business and acquire new machinery and equipment. The 30,000 square-foot facility will provide additional manufacturing space and BriskHeat will continue to operate its existing facility. Ohio is in competition with Texas for this $489,000 project, which is expected to create 25 jobs and retain 155 positions within the first three years of the project's initial operations.

 

Eurand, Inc. (Eurand), located in Vandalia (Montgomery County), has been awarded a 35 percent tax credit for a seven-year term to expand its pharmaceutical facility. The value of the tax credit is estimated at $123,255 over the term, and the company would be required to maintain operations at the project site for 14 years. Eurand is a specialty pharmaceutical company that develops enhanced pharmaceutical and biopharmaceutical products with an emphasis on innovating drug delivery technologies. The company was established in Italy in 1969 and maintains its operations there. Eurand's current site in Vandalia focuses on manufacturing and research and development activities, including customized release and taste masked/fast dissolving formulations technologies. The company proposes to acquire new machinery and equipment and construct an 18,260 square-foot addition and refurbish 5,025 square-feet at its facility to accommodate new research contracts. The expanded and refurbished facility will be utilized for expanded research and development, an in-house packaging facility and the manufacture of pharmaceutical products. Ohio is in competition with Italy or locations on the East Coast of the U.S. for this more than $9.4 million project, which is expected to create 40 jobs within the first three years of the project's initial operations.

 

Hose Master, Inc. (Hose Master), located in Euclid (Cuyahoga County), has been awarded a 35 percent tax credit for a seven year term to expand its manufacturing facility. The value of the tax credit is estimated at $43,737 over the term, and the company would be required to maintain operations at the project site for 14 years. Hose Master is an industrial manufacturer of corrugated and strip-wound metal hose and metal bellows and expansion joints. It is the only U.S. manufacturer capable of forming corrugated metal hose hydrostatically by utilizing a process called hydroforming, which reduces residual stresses in the hose, a common problem with mechanically formed hose. The company proposes to acquire new machinery and equipment and purchase and upgrade a 53,000 square-foot building adjacent to its existing facility to provide space for Hose Master's Expansion Joint department and additional manufacturing. Hose Master will continue to occupy its existing facility. Ohio is in competition with Georgia and Texas for this $1.25 million project, which is expected to create 30 jobs within the first three years of the project's initial operations.

 

Fecon, Incorporated (Fecon), located in Lebanon (Warren County), has been awarded a 35 percent tax credit for an eight-year term to expand its manufacturing facility. The value of the tax credit is estimated at $88,513 over the term, and the company would be required to maintain operations at the project site for 16 years. Fecon was founded in Lebanon in 1991 and specializes in the design and manufacture of vegetation management equipment used for numerous applications, including land clearing, firebreaks, park trails and maintenance, pasture restoration, invasive species and wildlife habitats. Fecon's equipment line offers various sizes of mulchers, tree shearers and saws, grapples and stump grinders. The company proposes to purchase new machinery and equipment and expand its current facility with the construction of a 68,000 square-foot addition to provide additional space for manufacturing and product packaging and shipping. Ohio is in competition with Kentucky for this more than $3.9 million project, which is expected to create 40 jobs and retain 112 positions within the first three years of the project's initial operations.

 

Beaver Paper & Packaging, Inc. (Beaver Paper), located in Marion (Marion County), has been awarded a 40 percent tax credit for a seven-year term to relocate its manufacturing operations from Atlanta Georgia to Marion. The value of the tax credit is estimated at $101,868 over the term, and the company would be required to maintain operations at the project site for 14 years. Beaver Paper designs and formulates coatings for fabrics and paper that are sold to textile companies for large production sales and billboard advertisement. The company proposes to acquire new machinery and equipment and purchase and renovate an existing 150,000 square-foot facility. The facility will be utilized for the manufacture and production of coatings for fabric and billboards, and will also cut to length paper for customer specifications. Ohio is in competition with Georgia for this more than $2.6 million project, which is expected to create 44 jobs within the first three years of the project's initial operations.

 

Hydrodec Group, plc (Hydrodec), to be located in Canton (Stark County), has been awarded a 40 percent tax credit for a seven-year term to establish a production facility and other support operations related to the refining of used electrical transformer oil. The value of the tax credit is estimated at $481,514 over the term, and the company would be required to maintain operations at the project site for 14 years. Hydrodec specializes in high performance oil re-refining and environmentally sensitive chemical processing, all within a closed loop, zero emission process. Hydrodec's principal activity is commercializing a patented oil refining process that produces new specialty oils using spent oil as the primary feedback. The process removes dangerous contaminants such as PCB's from oil and similar fluids. The company proposes to acquire new machinery and equipment and a eight-acre site for the construction of a new transformer oil plant. A 5,600 square-foot production facility and various supporting facilities on the site in the Stein Industrial Park will be used for manufacturing, research and development, distribution, sales and marketing functions. Ohio is in competition with Mississippi and Oregon for this $8.4 million project, which is expected to create 65 jobs within the first three years of the project's initial operations.

 

Socar of Ohio, Inc. & Steel Dynamics, Inc. dba New Millennium Building Systems (NMBS), located in the Village of Continental (Putnam County), has been awarded a 40 percent tax credit for a seven-year term to expand its warehouse and manufacturing facility and construct a new administration building. The value of the tax credit is estimated at $52,886 over the term, and the company would be required to maintain operations at the project site for 14 years. Socar began in 1966 in Florence, South Carolina fabricating non-standard roof systems for the construction industry. The company established its Continental facility in 1971 and expanded products and services into the states of Ohio, Michigan, Indiana and Illinois. In April 2006, Roanoke Electric Steel Corporation, Socar's parent company, and their affiliates were purchased by Steel Dynamics, Inc. The Socar Continental location fell under the management of the New Millennium Building Systems (NMBS) division, a wholly-owned subsidiary of Steel Dynamics, Inc. NMBS proposes to acquire new machinery and equipment and add 66,000 square-feet of warehousing and manufacturing space and construct a 12,000 square-foot administration building on its current 35 acre site. Ohio is in competition with Indiana for this more than $14.1 million project, which is expected to create 25 jobs and retain 93 positions within the first three years of the project's initial operations.

 

The Kenan Advantage Group, Inc. (KAG), to be located in Jackson Township (Stark County), has been awarded a 45 percent tax credit for an eight-year term to relocate its headquarters operations. The value of the tax credit is estimated at $325,804 over the term, and the company would be required to maintain operations at the project site for 16 years. KAG was founded in 2001 as a result of the merger between Advantage Management Group and Kenan Transport and is a single source provider for nationwide supply chain solutions for petroleum products. KAG delivers refined petroleum products including gasoline, diesel and aviation fuels to its customers, which include many of the major oil companies, truck stop chains, convenience stores, hypermarkets, aviation fuel marketers and other national and regional petroleum marketers. The company operates a fleet of 2,150 tractors and 2,550 tank trailers and maintains a network of terminals and satellite locations in 32 states. The company proposes to acquire an existing 71,000 square-foot facility and expand it to 110,000 square-feet to house its corporate headquarters operations. The facility will be used for management, logistics operations and facilitation of clerical responsibilities. Ohio is in competition with Florida, North Carolina and South Carolina for this $5 million project, which is expected to create 65 jobs and retain 157 positions within the first three years of the project's initial operations.

 

CDI Corporation (CDI), located in Cleveland (Cuyahoga County), has been awarded a 50 percent tax credit for a five year term to expand its current facility. The value of the tax credit is estimated at $334,441 over the term, and the company would be required to maintain operations at the project site for 10 years. CDI is a provider of engineering and information technology outsourcing solutions and professional staffing and has an extensive network of offices, recruiters and technical professionals. CDI assists Fortune 1000 clients in targeted vertical markets to improve profitability and efficiency by helping them focus on their core competencies. The company's divisions include CDI Business Solutions, a provider of managed solutions in major industries; CDI AndersElite Limited, a professional staffing and services firm focusing on the construction and engineering markets in the U.K.; and Management Recruiters International, Inc., an executive search and recruitment organization. The company proposes to make leasehold improvements and purchase computer hardware, software and operations equipment to expand three operational centers, the Regional Operations Center, the IT Solutions Outsourcing Center and the Aerospace Engineering Center. CDI will expand its current facility to 31,000 square-feet to house the IT Solutions Outsourcing Center and the Aerospace Engineering Center. Ohio is in competition with Missouri for this more than $1.8 million project, which is expected to create 76 jobs and retain 32 positions within the first three years of the project's initial operations.

 

Tiger Ethanol Company, LLC (Tiger), to be located in Marion Township (Marion County), has been awarded a 50 percent tax credit for a seven-year term to establish an ethanol production facility. The value of the tax credit is estimated at $160,726 over the term, and the company would be required to maintain operations at the project site for 14 years. Tiger is a privately owned and operated start-up energy company that is considering the construction of a 60 million gallon per year ethanol production facility. The facility would be the company's first. Tiger proposes to acquire new machinery and equipment and develop and construct the facility, as well as make on-site infrastructure improvements. The 50,000 square-foot facility would also produce as a by-product wet and dried distillers grain and CO2 that can be sold for various applications. This $80 million project is expected to create 40 jobs within the first three years of the project's initial operations.

 

V&P Hydraulic Products, LLC (V&P), to be located in Delaware (Delaware County), has been awarded a 50 percent tax credit for a five-year term to establish a new manufacturing facility. The value of the tax credit is estimated at $60,616 over the term, and the company would be required to maintain operations at the project site for 10 years. V&P is the successor operating company to Valves & Presses, Inc. founded in 1937 in the city of Delaware. Reorganized in April of this year, V&P manufactures custom welded mobile hydraulic cylinders for use in the underground mining, construction, fire, nursery and forklift industries. V&P is a Limited Liability Company owned by Valves & Presses and Propel Industries, LLC, which is owned and managed by Sky Climber, LLC. V&P proposes to acquire new machinery and equipment and construct a 45,000 square-foot manufacturing facility to manufacture hydraulic cylinders for its sister company, Sky Climber, LLC, as well as provide space for future growth. Ohio is in competition with Georgia for this more than $2.5 million project, which is expected to create 25 jobs and retain 53 positions within the first three years of the project's initial operations.

 

Sky Climber, LLC (Sky Climber), to be located in Delaware (Delaware County), has been awarded a 55 percent tax credit for an eight-year term to establish a new manufacturing operation. The value of the tax credit is estimated at $254,723 over the term, and the company would be required to maintain operations at the project site for 16 years. Sky Climber was established in 1955 and is currently located in Stone Mountain, Georgia. The company is owned 50.1% by Propel Industries, LLC, which is made up of senior management of Sky Climber and functions purely as a holding company. Sky Climber designs, manufactures and markets suspended access equipment for commercial and industrial applications, as well as electric and air powered hoists, staging, roof rigging and accessories. Sky Climber proposes to acquire new machinery and equipment and construct a 45,000 square-foot facility on a six acre site. The facility will include manufacturing, engineering, sales, marketing, customer service and technical service operations and house senior management, as well as provide space for future growth. Ohio is in competition with Georgia for this more than $2.7 million project, which is expected to create 41 jobs within the first three years of the project's initial operations.

 

Humana Insurance Company, Humana MarketPoint and Humana Health Plan of Ohio (Humana), to be located in the greater Cincinnati area (Hamilton County), has been awarded a 60 percent tax credit for a seven-year term to consolidate and expand its Ohio Market Headquarters and regional call center. The value of the tax credit is estimated at $1,102,153 over the term, and the company would be required to maintain operations at the project site for 14 years. Headquartered in Louisville, Kentucky, Humana offers a full range of medical, Medicare, dental and individual health plans. Humana provides health coverage for more than 11 million people and has strategic alliances with several major national companies that give Humana and its products greater geographic presence and direct access to 20 million people with Medicare throughout the country. The company proposes to establish its Ohio Market Headquarters and regional call center with the consolidation of a facility in Newport, Kentucky and another facility in the Cincinnati region. Humana will purchase new furniture, fixtures and equipment and partner with a private development company to construct a 250,000 square-foot facility that Humana will lease and upgrade with leasehold improvements. Employees housed at the new facility will perform call center operations and sales operations of group and individual health insurance policies and provider relations. Ohio is in competition with Kentucky for this $46.5 million project, which is expected to create 300 jobs and retain 695 positions within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/releases/1682.asp

 

ODOD press release, 2/26/07:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Projects Expected to Generate $380 Million in Investments to Ohio's Economy

FOR IMMEDIATE RELEASE

February 26, 2007

 

Columbus, OH -- Lt. Governor Lee Fisher today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for companies involved in business location or expansion projects that, if located in Ohio, are expected to contribute $380 million to Ohio's economy, retain 1,570 positions and create 1,553 family-supporting jobs.

 

"In order to facilitate an economic turnaround, the State must partner with our communities and private sector to support growth and job creation," said Lt. Governor Fisher, who also serves as the Director of the Ohio Department of Development. "These projects represent the collaborative spirit among state and local government and the business community necessary to creating opportunities for Ohioans."

 

InfoCision Management Corporation (InfoCision), located in Austintown Township (Mahoning County), has been awarded a 35 percent tax credit for a five-year term to expand its teleservices operation. The value of the tax credit is estimated at $82,054 over the term, and the company would be required to maintain operations at the project site for 10 years. InfoCision began in 1982 as a three-person organization functioning primarily as a telephone-marketing consultant to Christian organizations. Today, InfoCision operates 27 call centers at 12 locations in Ohio, Pennsylvania and West Virginia, employing approximately 3,400 people. The company is a leading provider of outbound and inbound marketing services for nonprofit, religious, political and commercial organizations, and raises more money for nonprofit organizations than any other vendor in the world. The company proposes to expand its existing 23,710 square-foot facility by 1,290 square-feet, and construct a 6,500 square-foot building adjacent to the current facility. The company will invest $2.5 million building construction and renovation and $1.5 million in furniture and fixtures. The facilities will be used for teleservices operations including inbound and outbound telephone marketing, volunteer recruitment, e-commerce and e-business solutions, and full service Internet, letter shop and product fulfillment services. Ohio is in competition with Pennsylvania and West Virginia for this $4 million project, which is expected to create 80 jobs and retain 395 positions within the first three years of the project's initial operations.

 

InfoCision Management Corporation (InfoCision), to be located in Gallopolis (Galia County) has been awarded a 35 percent tax credit for a five-year term to expand its teleservices operation. The value of the tax credit is estimated at $48,207 over the term, and the company would be required to maintain operations at the project site for 10 years. InfoCision began in 1982 as a three-person organization functioning primarily as a telephone-marketing consultant to Christian organizations. Today, InfoCision operates 27 call centers at 12 locations in Ohio, Pennsylvania and West Virginia, employing approximately 3,400 people The company is a leading provider of outbound and inbound marketing services for nonprofit, religious, political and commercial organizations, and raises more money for nonprofit organizations than any other vendor in the world. The company proposes to relocate operations to an existing 30,000 square-foot building to allow room for expansion, and make leasehold improvements to the building. The current, smaller facility is also located in Gallipolis, and all existing jobs will be moved to the new location. The company will invest $400,000 in leasehold improvements, $400,000 in machinery and equipment, and $300,000 in furniture and fixtures. The new facility and the original facility will be used for teleservices operations including inbound and outbound telephone marketing, volunteer recruitment, e-commerce and e-business solutions, and full service Internet, letter shop, and product fulfillment services. Ohio is in competition with Pennsylvania and West Virginia for this $1.1 million project, which is expected to create 47 jobs and retain 167 positions within the first three years of the project's initial operations.

 

InfoCision Management Corporation (InfoCision), located in Boardman Township (Mahoning County), has been awarded a 35 percent tax credit for a five-year term to expand its teleservices operation. The value of the tax credit is estimated at $74,875 over the term, and the company would be required to maintain operations at the project site for 10 years. InfoCision began in 1982 as a three-person organization functioning primarily as a telephone-marketing consultant to Christian organizations. Today, InfoCision operates 27 call centers at 12 locations in Ohio, Pennsylvania and West Virginia, employing approximately 3,400 people. The company is a leading provider of outbound and inbound marketing services for nonprofit, religious, political and commercial organizations, and raises more money for nonprofit organizations than any other vendor in the world. The company proposes to relocate two call center operations into a single, 10,260 square-foot facility and invest in new furniture and fixtures. Both current facilities are also located in the City of Boardman area, and all current jobs will be moved to the new facility. The facility will be used for teleservices operations including inbound and outbound telephone marketing, volunteer recruitment, e-commerce and e-business solutions, and full service Internet, letter shop, and product fulfillment services. Ohio is in competition with West Virginia and Pennsylvania for this $1.5 million project, which is expected to create 73 jobs and retain 135 positions within the first three years of the project's initial operations.

 

InfoCision Management Corporation (InfoCision), located in Green (Summit County), has been awarded a 35 percent tax credit for a five-year term to expand its teleservices operation. The value of the tax credit is estimated at $76,926 over the term, and the company would be required to maintain operations at the project site for 10 years. InfoCision began in 1982 as a three-person organization functioning primarily as a telephone-marketing consultant to Christian organizations. Today, InfoCision operates 27 call centers at 12 locations in Ohio, Pennsylvania and West Virginia, employing approximately 3,400 people. The company is a leading provider of outbound and inbound marketing services for nonprofit, religious, political and commercial organizations, and raises more money for nonprofit organizations than any other vendor in the world. The company proposes to make leasehold improvements to a 11,965 square-foot call center facility located adjacent to the company's current facility. The company will invest $150,000 in leasehold improvements, $300,000 in machinery and equipment and $250,000 in furniture and fixtures. The new facility and the company's original facility will be used for teleservices operations including inbound and outbound telephone marketing, volunteer recruitment, e-commerce and e-business solutions, and full service Internet, letter shop, and product fulfillment services. Ohio is in competition with West Virginia and Pennsylvania for this $700,000 project, which is expected to create 75 jobs and retain 169 positions within the first three years of the project's initial operations.

 

MilAir LLC (MilAir), to be located in Miami Township (Clermont County), has been awarded a 35 percent tax credit for a five-year term to expand its thermal products manufacturing facility. The value of the tax credit is estimated at $71,931 over the term, and the company would be required to maintain operations at the project site for 10 years. MilAir was founded in 2006 in Chesterfield, Michigan and specializes in the design and manufacturing of heating and cooling devices used for numerous military applications including extreme weather conditions. The company is leasing an 8,000 square-foot facility that will be used for the manufacturing of thermal products for the military industry. The company proposes to expand into additional facilities and invest $500,000 in new machinery and equipment, $20,000 in furniture and fixtures, $162,480 in leasehold improvements and $15,000 in on-site infrastructure improvements. Ohio is in competition with Michigan for this $697,480 project, which is expected to create 30 jobs and retain three positions within the first three years of the project's initial operations.

 

Rieter Automotive North America, Inc. (Rieter), located in Oregon (Lucas County), has been awarded a 40 percent tax credit for a seven-year term to expand its manufacturing facility. The value of the tax credit is estimated at $220,888 over the term, and the company would be required to maintain operations at the project site for 14 years. Rieter was founded in Switzerland in 1795 and is a leading supplier of products and services for the textile, automotive and plastics industries. Rieter is comprised of two divisions; Rieter Textile Systems develops and produces machinery and integrated systems for converting fibers and plastics into yarns, non-wovens and pellets. In partnership with automotive manufacturers, Rieter Automotive Systems, the second division, develops and produces components, modules, and integrated systems on the basis of fibers, plastics, and metals in order to provide acoustic comfort and thermal insulation in motor vehicles. The company proposes to expand existing operations with the renovation of its 150,000 square-foot building, construction of a 4,000 square-foot addition to the building, and the purchase a new manufacturing line for installation. The renovated facility will be used to manufacture fiber padding and floor carpet/insulator assemblies for the automotive industry. Ohio is in competition with another state for this $6 million project, which is expected to create 80 jobs and retain 155 positions within the first three years of the project's initial operations. Rieter is planning to make a formal announcement regarding their investment on March 9.

 

Bare Escentuals Beauty, Inc. (Bare Escentuals), to be located in Obetz (Franklin County), has been awarded a 45 percent tax credit for a five-year term to establish a distribution facility. The value of the tax credit is estimated at $356,816 over the term, and the company would be required to maintain operations at the project site for 10 years. Bare Escentuals is based in San Francisco, California and develops, markets and sells cosmetics, skin care, and body care products under its i.d. bareMinerals, i.d. RareMinerals and Bare Escentuals brands, and professional skin care products under its md formulations brand. Bare Escentuals is one of the fastest growing prestige cosmetic companies in the United States and a leader in mineral-based cosmetics. The company proposes to lease a 300,000 square foot-facility and invest $246,000 in site infrastructure costs, $3.5 million for the acquisition of new machinery and equipment, and approximately $276,000 in other project related costs. The facility will be utilized as a regional distribution facility for the distribution of the company's cosmetic products to customers, retailers, and company boutiques located in the Midwest, Southern and Eastern United States. Ohio is in competition with Kentucky for this more than $3.7 million project, which is expected to create 217 jobs within the first three years of the project's initial operations.

 

Insurance.com, Inc. (Insurance.com), located in Solon (Cuyahoga County), has been awarded a 45 percent tax credit for a five-year term to expand its current facility. The value of the tax credit is estimated at $235,104 over the term, and the company would be required to maintain operations at the project site for 10 years. Insurance.com enables consumers to instantly compare and buy competitive auto insurance quotes directly from more than a dozen leading insurance carriers. Other products offered by the company include life, health, and home insurance as well as travel, dental, and pet health insurance. The company proposes to lease an existing 70,000 square-foot building near its current facility and invest $630,000 in leasehold improvements, $500,000 in machinery and equipment, $510,000 in furniture and fixtures and $160,000 in fees. The facility will be used to service rapidly growing sales demand. Ohio is in competition with Texas, Nevada and Florida for this $1.86 million project, which is expected to create 131 jobs and retain 208 positions within the first three years of the project's initial operations.

 

ValueCare Pharmacy, LLC (ValueCare), located in Brecksville (Cuyahoga County), has been awarded a 45 percent tax credit for a five-year term to establish a closed-door pharmacy operation. The value of the tax credit is estimated at $342,236 over the term, and the company would be required to maintain operations at the project site for 10 years. ValueCare will be an institutional pharmacy and is being formed to provide traditional institutional pharmacy services to various types of skilled nursing facilities. Institutional pharmacies are specially licensed and designed pharmacy dispensing operations that serve the needs of patients in various types of skilled nursing facilities. ValueCare will replace a current Kentucky-based national pharmacy vendor resulting in improved service to ValueCare's Ohio customers. ValueCare will then expand its operations to serve other customers both inside and outside Ohio. The company proposes to lease and renovate an existing 14,000 square-foot building and invest in new machinery and equipment. The facility will be used as a closed-door pharmacy to service ValueCare's client base. This $518,300 project is expected to create 46 jobs within the first three years of the project's initial operations.

 

Fostoria Ethanol, LLC, to be located in Fostoria (Seneca County), has been awarded a 50 percent tax credit for a seven-year term to establish an ethanol production facility. The value of the tax credit is estimated at $129,413 over the term, and the company would be required to maintain operations at the project site for 14 years. Fostoria Ethanol is partnering with the Broin (Broin) Companies and Broin and Associates, the design/build side of the business which has designed and constructed 25 operating ethanol plants, with nine more currently under construction. Currently, Broin manages, produces, and markets nearly 1 billion gallons of ethanol annually, which makes them the second largest ethanol producer in the United States. The company proposes to purchase new machinery and equipment and nearly 250 acres, and construct an ethanol production facility. The 50,000 square-foot facility will produce up 60 million gallons of ethanol per year. Ohio is in competition with Indiana and Michigan for this $130 million project, which is expected to create 41 jobs within the first three years of the project's initial operations.

 

Marion Ethanol, LLC, to be located in Marion Township (Marion County), has been awarded a 50 percent tax credit for a seven-year term to establish an ethanol production facility. The value of the tax credit is estimated at $129,413 over the term, and the company would be required to maintain operations at the project site for 14 years. Marion Ethanol is partnering with the Broin (Broin) Companies and Broin and Associates, the design/build side of the business which has designed and constructed 22 operating ethanol plants, with nine more currently under construction. Currently, Broin manages, produces, and markets nearly 1 billion gallons of ethanol annually, which makes them the second largest ethanol producer in the United States. The company proposes to purchase new machinery and equipment and nearly 200 acres, and construct an ethanol production facility. The 50,000 square-foot facility will produce up 60 million gallons of ethanol per year. Ohio is in competition with Indiana and Michigan for this $130 million project, which is expected to create 41 jobs within the first three years of the project's initial operations.

 

Steed Hammond Paul Inc. (Steed Hammond), to be located in the Cincinnati region at a site to be determined, has been awarded a 55 percent tax credit for a seven-year term to establish a new design facility. The value of the tax credit is estimated at $222,156 over the term, and the company would be required to maintain operations at the project site for 14 years. Steed Hammond was established in 1901 and is a full service architectural firm with offices in the cities of Cincinnati, Hamilton, and Grove City. The company provides design services in the areas of Architecture, Engineering, Planning, Interior Design, Construction Administration, Strategic Facility Management and Sustainable Design to both the public and private sectors. Its projects range in size from tenant fit-up work for developers to multi-million dollar educational facilities. The company is considering leasing a facility of undetermined size to consolidate a Steed facility in the city of Hamilton and another facility in Cincinnati. If the company moves forward with this project in the Cincinnati region, the new facility would provide design services such as architecture, engineering, planning, interior design, construction administration and strategic facility management. Ohio is in competition with Kentucky for this $993,340 project, which is expected to create 20 jobs and retain 68 positions within the first four years of the project's initial operations.

 

Whirlpool Corporation & Penske Logistics, LLC, to be located in Columbus (Franklin County), has been awarded a 60 percent tax credit for a five-year term to establish a distribution facility. The value of the tax credit is estimated at $749,597 over the term, and the company would be required to maintain operations at the project site for 10 years. Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, which was founded in 1969. Penske Logistics became a division of Penske Truck Leasing in 1995 with its acquisition of Leaseway Logistics and has become one of the world's leading providers of logistics, transportation and distribution services. Global corporations such as the Ford Motor Company, General Motors Corporation and Whirlpool have teamed with Penske Logistics to reduce supply chain costs, increase market share, and improve profitability. Whirlpool and Penske Logistics have worked closely to maximize the use and transition of existing facilities as well as developing new facilities to achieve an optimal network design for Whirlpool. The companies propose to establish a 1.5 million square-foot Regional Distribution Center that will be one of 10 located throughout the United States, and one of five that handles both high and low volume products. Whirlpool will own the new facility, and Penske Logistics will act as the third party logistics company for Whirlpool. At this center, appliances in bulk will be received from various Whirlpool manufacturing facilities, stored and shipped out as orders are received. Penske Logistics will create 199 new jobs within the first three years of the project's initial operations and Whirlpool will relocate and backfill 70 full-time employees from its Clyde facility. Ohio is in competition with Kentucky and Iowa for this more than $75 million project.

 

Zyvex Performance Materials (Zyvex), to be located in Columbus (Franklin County), has been awarded a 60 percent tax credit for five-year term to expand its headquarters and research and development operations. The value of the tax credit is estimated at $856,745 over the term, and the company would be required to maintain operations at the project site for 10 years. Zyvex is a spin-off of Zyvex Corporation, which was founded in 1997. Zyvex is the leading nano-technology company providing tools and instrumentation to the semi-conductor and research and education markets. In addition to being the first commercial molecular nanotechnology company, Zyvex was the first to provide carbon nanotube (CNT) powered products to the marketplace. Zyvex's performance materials serve customers in the aerospace, defense, automotive, and energy markets while its patent technology has been incorporated with customers who are sporting goods manufacturers. The company proposes to relocate and expand its headquarters and research and development operations with investments of $500,000 leasehold improvements, $2.3 million in machinery and equipment, and $200,000 for furniture and fixtures. The facility will be used for administration, research and development and limited manufacturing. Ohio is in competition with South Dakota and Texas for this $3 million project, which is expected to create 97 jobs within the first three years of the project's initial operations.

 

Computer Sciences Corporation (CSC), which is considering a site in Beavercreek (Greene County) and has been awarded a 65 percent tax credit for a seven-year term to relocate and expand its facility should the company go forward with this project. The value of the tax credit is estimated at $5,421,390 over the term, and the company would be required to maintain operations at the project site for 14 years. CSC is the world's third largest provider of Information Technology (IT) services. Headquartered in El Segundo, California, CSC provides outsourcing and technology services, system design and integration, and IT and management consulting services. CSC serves a wide range of industries including aerospace and defense; chemical and energy; financial services; government; health services; retail; and travel and transportation. The company proposes to invest $5.6 million for a building lease and leasehold improvements and $1 million for the purchase new machinery and equipment. The 135,000 square-foot facility would house CSC's operations to support servicing of the U.S. Air Force's ECSS contract at Wright-Patterson Air Force Base. ECSS will retire more than 400 legacy information systems in support of the Air Force Expeditionary Logistics for the 21st Century, the Air Force's commitment to increase weapon system availability, reduce operating costs and improve fighter capabilities. CSC's facility would be utilized to provide outsourcing and technology services, system design and integration, and IT and management consulting services to support the ECSS contract, as well as providing space for future private and government IT services. Ohio is in competition with Kentucky and Washington, D.C. for this more than $6.6 million project, which is expected to create 350 jobs and retain 200 positions within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/2007PR/releases/1709.asp

 

ODOD press release, 3/26/07:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Projects Expected to Generate $15 Million in Investments to Ohio's Economy

FOR IMMEDIATE RELEASE

March 26, 2007

 

Columbus, OH -- Lt. Governor Lee Fisher today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for companies involved in business location or expansion projects that, if located in Ohio, are expected to contribute more than $15 million to Ohio's economy, create 364 positions and retain 554 family-supporting jobs.

 

"The State of Ohio is dedicated to fostering a favorable business climate by supporting projects that create professional opportunities for Ohio's outstanding workforce," said Lt. Governor Fisher who also serves as Director of the Ohio Department of Development. "I welcome each of these projects to Ohio and thank the leaders of these companies for recognizing the great benefits of doing business in our state."

 

SBC Advertising Ltd. (SBC), to be located in Columbus (Franklin County), has been awarded a 30 percent tax credit for a five-year term to relocate and expand its existing operations. The value of the tax credit is estimated at $206,278 over the term, and the company would be required to maintain operations at the project site for 10 years. SBC Advertising is a full service advertising agency that offers strategic marketing, account planning and research, media planning, public relations, website development and creative development and execution of advertising. The company presently works with primary industries such as large scale retail, restaurant, home improvement products and business-to-business clients such as software and manufacturing. The company proposes to relocate from an existing 18,000 square-foot building to a new 30,000 square-foot facility in the City of Columbus. SBC will acquire furniture and fixtures associated with this expansion and make several improvements to the facility, which will be used to expand its existing advertising, media relations and Web site development operations, and provide adequate space for future growth. Ohio is in competition with Louisiana, Michigan, New York and Pennsylvania for this $726,000 project, which is expected to create 50 jobs and retain 83 positions within the first three years of the project's initial operations.

 

Enterprise Information Management, Inc. (EIM), located in Dayton (Montgomery County), has been awarded a 45 percent tax credit for a five-year term to expand its existing facility. The value of the tax credit is estimated at more than $1 million over the term, and the company would be required to maintain operations at the project site for 10 years. EIM is a veteran-owned small business that was founded in 1996 and delivers complex business and information technology solutions to the U.S. Government for the Department of Defense, Military Services and civil agencies. Headquartered in Arlington, Virginia, EIM's capabilities include enterprise transformation, acquisition management and information technology services. The company proposes to expand and renovate its existing Midwestern Regional Office with the purchase of new for machinery and equipment and furniture and fixtures. EIM will also lease and renovate a 14,500 square-foot facility that will be used to provide IT services that assist organizations in building quality information management solutions. Ohio is in competition with Washington, DC and the states of Delaware and New Mexico for this $1.15 million project, which is expected to create 150 jobs and retain seven positions within the first three years of the project's initial operations.

 

PEQ Consulting, Inc. (PEQ), located in Miamisburg (Montgomery County), has been awarded a 35 percent tax credit for a five-year term to expand its headquarters facility. The value of the tax credit is estimated at $127,612 over the term, and the company would be required to maintain operations at the project site for 10 years. PEQ is a national information technology (IT) service company with experience in providing optimized IT solutions, including complete infrastructure outsourcing, maintenance, IT-based process improvements and help desk services. PEQ services a wide range of industries, including automotive retail, finance and government agencies. The company proposes to expand its existing facility from 3,500 square-feet to 7,500 square-feet to establish a help-desk operation. PEQ will invest in new furniture and fixtures and leasehold improvements to the facility, which will be utilized for administrative, IT and help-desk operations. Ohio is in competition with North Carolina for this $300,000 project, which is expected to create 45 jobs and retain 18 positions within the first three years of the project's initial operations.

 

Aptima, Inc (Aptima), to be located in Fairborn (Greene County), has been awarded a 40 percent tax credit for a five-year term to establish a new facility. The value of the tax credit is estimated at $111,796 over the term, and the company would be required to maintain operations at the project site for 10 years. Aptima is a market leader in the design of organizations, user-centered technology, and training systems that make individuals and teams more effective. Founded in 1995, Aptima is headquartered in Woburn, Massachusetts and uses a unique approach of human-centered engineering that couples the principles of social science with quantitative, computational methods. By using its expertise to research how humans operate in complex environments, Aptima also provides modeling and decision support for counter-terrorism and intelligence activities. The company proposes to invest in new machinery and equipment and furniture and fixtures, lease an existing 1,500 square-foot facility and make on-site infrastructure improvements. The facility will be used primarily for research and development. Ohio is in competition with Florida and Kansas for this $100,000 project, which is expected to create 15 jobs within the first three years of the project's initial operations.

 

ThermaFab Alloy, Inc. (ThermaFab), located in Cleveland (Cuyahoga County), has been awarded a 40 percent tax credit for a seven-year term to consolidate manufacturing, research and development, headquarters and distribution operations. The value of the tax credit is estimated at $247,944 over the term, and the company would be required to maintain operations at the project site for 14 years. ThermaFab has principal offices located in Cleveland and began its 75-year history as Hall Metal Fabricators. Today, ThermaFab fabricates and machines all grades of stainless steel, nickel alloy, aluminum and carbon steel parts for all facets of industry, including parts for pollution control applications, fixtures for heat-treaters, OEM parts for furnace manufacturers and parts for customers with high-temperature and corrosion-resistant applications. The company proposes to consolidate its operations, currently located at two separate plants, into one new facility in Cleveland. This move will enable the company to streamline its operations and build the capacity to acquire bigger jobs. ThermaFab will invest in new machinery and equipment and acquire and renovate a 58,750 square-foot facility, which will house its manufacturing, research and development, headquarters and distribution operations. Ohio is in competition with Mississippi for this more than $2.6 million project, which is expected to create 90 jobs and retain 35 positions within the first three years of the project's initial operations.

 

Appleton Papers, Inc. (Appleton), located in West Carrollton (Montgomery County), has been awarded a 50 percent tax credit for an eight-year term to expand manufacturing operations. The value of the tax credit is estimated at $108,095 over the term, and the company would be required to maintain operations at the project site for 16 years. Appleton creates product solutions through its development and use of coating formulations and applications, encapsulation technology and secure and specialized print services. The Company produces carbonless, thermal, security and performance packaging products. Appleton is headquartered in Appleton, Wisconsin, and has manufacturing operations in Wisconsin, Ohio, Pennsylvania, Massachusetts and the United Kingdom. The company employs approximately 3,200 people including more than 400 people in the city of West Carrollton. Appleton became 100 percent employee owned in November 2001 and is celebrating its 100th anniversary in 2007. Appleton will purchase new manufacturing machinery and equipment and make onsite infrastructure improvements at the 750,000 square-foot paper manufacturing facility. The company proposes to expand its finishing area with the installation of state-of-the-art, high-speed paper winders to provide additional wrapping, handling and packaging capacity for its coated paper products. Ohio competed against several other states and countries for Appleton's $100 million expansion project. That project is expected to create 14 jobs within the first three years of completion and expand the scope and strength of the current operations at the West Carrollton mill.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/2007PR/releases/1719.asp

 

ODOD press release, 4/30/07:

 

 

JOB CREATION TAX CREDITS APPROVED FOR BUSINESS EXPANSION

Projects Expected to Generate $460 Million in Investments to Ohio's Economy

FOR IMMEDIATE RELEASE

April 30, 2007

 

Columbus, OH -- Lt. Governor Lee Fisher today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for companies involved in business location or expansion projects that, if located in Ohio, are expected to contribute more than $460 million to Ohio's economy, create 1,961 positions and retain 1,794 jobs.

 

"The companies approved for Job Creation Tax Credits are considering strong growth and investment projects in Ohio that will create economic opportunities for our communities and workforce," said Lt. Governor Fisher who also serves as Director of the Ohio Department of Development. "We are pleased companies recognize the advantages of doing business in Ohio and providing opportunities for our outstanding workforce."

 

G&M Media Packaging, Inc. (G&M Media), to be located in Bryan (Williams County), has been awarded a 50 percent tax credit for a five-year term to establish a headquarters and manufacturing facility. The value of the tax credit is estimated at $159,231 over the term, and the company would be required to maintain operations at the project site for 10-years. Glud & Marstrand AS, the parent company of G&M Media, is a metal packaging company for the food and media industries and employs more than 1,200 worldwide. The company is establishing G&M Media in the United States as a strategic move to locate manufacturing near its customer base. Glud & Marstrand AS is 100% stake owner of G&M Media Packaging. G&M Media will establish a U.S headquarters and initial manufacturing operation. The company will invest in new machinery and equipment and leasehold improvements to a 25,000 square-foot facility that will be used to establish the headquarters and operations, as well as manufacture metal DVD and video game containers. Ohio is in competition with Illinois, Indiana and the country of Denmark for this more than $10 million project, which is expected to create 40 jobs and within the first three years of the project's initial operations.

 

A.M. Leonard, Inc. (A.M. Leonard), located in Piqua (Miami County), has been awarded a 45 percent tax credit for a seven-year term to expand its existing operations. The value of the tax credit is estimated at $108,475 over the term, and the company would be required to maintain operations at the project site for 14 years. AM Leonard, Inc was established in 1912 as a nursery and landscaping service. Today, the company is a horticultural tool business with 90 employees and more than 7,000 customers nationwide. The company proposes to expand its existing warehousing and call center operation with the addition of 55,000 square-feet of warehousing and office space and the purchase of new machinery and equipment. The facility will be used primarily as a distribution center, call center and headquarters operation. Ohio is in competition with California, Florida, Texas and Virginia for this more than $4.2 million project, which is expected to create 35 jobs and retain 84 positions within the first three years of the project's initial operations.

 

Cellucom Outlet, Inc. (Cellucom), located in Hilliard (Franklin County), has been awarded a 35 percent tax credit for a five-year term to expand its existing operations. The value of the tax credit is estimated at $243,086 over the term, and the company would be required to maintain operations at the project site for 10-years. Cellucom was established in 1998 as a wholesaler for wireless pre-paid phone cards as well as a reseller of new and refurbished phones. Presently, Cellucom remanufactures cellular phones and then distributes them back to major clients such as Page Plus, Verizon, AT&T, T-Mobile and Cingular Wireless. The phones are then marketed as pre-paid products. Cellucom is experiencing major growth from existing clients and new customers and requires a computer upgrade and a large increase in personnel. The company proposes to reconfigure its current 43,000 square-foot facility, and invest in building improvements and new machinery and equipment. Ohio is in competition with North Dakota for this more than $180,000 project, which is expected to create 237 jobs and retain 139 positions within the first three years of the project's initial operations.

 

Riffle Machine Works, Inc. (Riffle), located in Green Township (Ross County), has been awarded a 35 percent tax credit for a seven-year term to expand its existing operations. The value of the tax credit is estimated at $36,254 over the term, and the company would be required to maintain operations at the project site for 14 years. Riffle is a family owned company that is headquartered in Green Township near Chillicothe was originally established in 1980 to provide machined and welded parts to local companies. In 1997, the company was awarded its first assembly job from Kenworth Truck Company and today, Riffle provides sub-assemblies, part sequencing, kitting and assemblies to Kenworth, as well as customers such as Faurecia and Mitsui. The company proposes to construct a 50,000 square-foot building and invest in new machinery and equipment, and on-site infrastructure improvements. Riffle will expand in order to increase operating capacity to more effectively compete for existing Kenworth contracts as the company seeks to become a Tier-I supplier to the trucking Original Equipment Manufacturer. This more than $1.5 million project is expected to create 25 jobs and retain 28 positions within the first three years of the project's initial operations.

 

EchoStar Satellite, LLC (EchoStar), located in Hilliard (Franklin County), has been awarded a 35 percent tax credit for a five-year term to establish an inbound customer service call center facility. The value of the tax credit is estimated at $273,771 over the term, and the company would be required to maintain operations at the project site for 10-years. EchoStar was formed in 1980 as a distributor of C Band Television systems and the company launched DISH Network in March 1986. DISH Network is a direct broadcast satellite DBS service that provides satellite television and audio programming to households and businesses, competing primarily with cable television providers. In 1995 EchoStar successfully launched its first satellite, EchoStar I, and established the DISH Network brand name to market its home satellite television system. In the last five years, DISH Network added more than 6.74 million net new customers, more than all other satellite television and cable companies during the same period. The company proposes to lease an existing 16,000 square-foot facility and purchase new machinery and equipment to establish an inbound customer service call center facility. Ohio is in competition with Arizona, Nevada and South Dakota for this more than $500,000 project, which is expected to create 159 jobs within the first three years of the project's initial operations.

 

Equity Administrative Services, Inc. (EASI), located in Elyria (Lorain County), has been awarded a 50 percent tax credit for an eight-year term to expand its existing operations. The value of the tax credit is estimated at $312,841 over the term, and the company would be required to maintain operations at the project site for 16 years. EASI provides marketing, sales and administrative support services and back office processing for its sole customer, Equity Trust Company (ETC), a non-depository trust company chartered by the state of South Dakota. ETC acts as custodian for self-directed Individual Retirement Accounts. Although EASI and ETC were formed in 2003, the business performed by the companies was previously operated for over 20 years as part of an affiliated broker-dealer. EASI currently has 142 employees in two locations in the City of Elyria. The company proposes to construct a 26,800 square-foot two-story office building within 1000 yards of its current facility and invest in infrastructure improvements and new machinery and equipment. EASI will continue to operate both facilities, which will be used as headquarters and operations centers. Ohio is in competition with Florida and South Dakota for this more than $3.8 million project, which is expected to create 75 jobs and retain 142 positions within the first three years of the project's initial operations.

 

Avon Products, Inc. (Avon), to potentially be located in Washington Township (Muskingum County), has been awarded a 55 percent tax credit for an eight-year term to establish a new distribution facility. The value of the tax credit is estimated at $1,615,483 over the term, and the company would be required to maintain operations at the project site for 16 years. Avon's final decision and announcement is pending the completion of site due diligence, which is in its final stages. Avon is a global manufacturer and marketer, and the world's largest direct seller, of beauty products. The company employs more than 40,000 worldwide and recorded sales of over $8 billion in 2005. The company proposes to invest in new machinery and equipment, infrastructure improvements and land acquisition to construct a new 590,000 square-foot facility as part of the company's sustainable growth plan. The facility will accommodate distribution for 50 percent of its U.S. sales and will replace facilities in the cities of Glenview, Illinois and Newark, Delaware. Ohio is in competition with the State of Kentucky for this more than $95 million project, which is expected to create 450 jobs within the first three years of the project's initial operations.

 

E85, Inc. (E85), to be located in Lancaster (Fairfield County), has been awarded a 50 percent tax credit for a seven-year term to establish an ethanol production facility. The value of the tax credit is estimated at $217,509 over the term, and the company would be required to maintain operations at the project site for 14-years. E85 is a private, start-up energy company that is wholly owned by Siva Ltd. & Siva Ventures Ltd. and will focus on the production of ethanol. E85 plans over the newt two years to build ten ethanol production facilities throughout North America and co-produce one to two billion gallons of ethanol per year via network providers. E85 intends to co-invest in ethanol developments and arrange tolling agreements with existing ethanol producers. The company proposes to purchase more than 60 acres to construct a 10,000 square-foot ethanol production facility, and purchase new machinery and equipment. Thee facility will produce up 110 million gallons of ethanol per year. Ohio is in competition with Michigan and South Carolina for this more than $144 million project, which is expected to create 42 jobs within the first three years of the project's initial operations.

 

E85, Inc. (E85), to be located in Newark (Licking County), has been awarded a 50 percent tax credit for a seven-year term to establish an ethanol production facility. The value of the tax credit is estimated at $217,509 over the term, and the company would be required to maintain operations at the project site for 14-years. E85 is a private, start-up energy company that is wholly owned by Siva Ltd. & Siva Ventures Ltd. and will focus on the production of ethanol. E85 plans over the newt two years to build ten ethanol production facilities throughout North America and co-produce one to two billion gallons of ethanol per year via network providers. E85 intends to co-invest in ethanol developments and arrange tolling agreements with existing ethanol producers. The company proposes to purchase more than 60 acres to construct a 10,000 square-foot ethanol production facility, and purchase new machinery and equipment. Thee facility will produce up 110 million gallons of ethanol per year. Ohio is in competition with Michigan and South Carolina for this more than $144 million project, which is expected to create 42 jobs within the first three years of the project's initial operations.

 

Damin Development Group, LLC & CDIS, Inc. (Power Direct), located in Cleveland (Cuyahoga County), has been awarded a 35 percent tax credit for a five-year term to expand its existing operations. The value of the tax credit is estimated at $228,267 over the term, and the company would be required to maintain operations at the project site for 10-years. Damin Development Group, LLC is a holding company that owns assets for DRD Inc., dba Power Direct. CDIS, Inc. is the employment agency used by DRD. Created in 1994 as DRD Inc., Power Direct is a direct marketing service provider that offers clients direct marketing consultation and turnkey program management solutions. Power Direct utilizes a customer oriented approach in its state-of-the-art call centers to furnish list resources, database management and in-bound and outbound calling services for its business-to-business and business-to-consumer client base. The company proposes to purchase and renovate a 17,000 square-foot building in close proximity to its existing call center and invest in new machinery and equipment and furniture and fixtures. The new facility will be used for tele-services operations, including in-bound and outbound telephone marketing, volunteer recruitment, e-commerce and e-business solutions, and full service Internet, letter shop and product fulfillment services. Ohio is in competition with South Dakota for this more than $1.8 million project, which is expected to create 220 jobs and retain 196 positions within the first three years of the project's initial operations.

 

Holophane Corporation (Holophane), to be located in Granville Township (Licking County), has been awarded a 50 percent tax credit for a five-year term to establish a customer education/training center. The value of the tax credit is estimated at $368,966 over the term, and the company would be required to maintain operations at the project site for 10-years. Holophane is a division of Acuity Brands, Inc., and is a leading manufacturer and marketer of lighting fixtures for the commercial, industrial, retail, municipal and utility markets. Holophane also manufactures glass components for use in other Acuity Brands Lighting products in the United States and Europe. Products are sold in both national and international markets. The company proposes to invest in building renovation, on-site infrastructure/site preparation, and new machinery and equipment to establish a new customer training/education center and relocate existing administrative positions to Granville from an antiquated facility in Newark (Licking County). Ohio is in competition with Georgia and Indiana and Mexico for this more than $3.3 million project, which is expected to create 56 jobs and retain 100 positions within the first three years of the project's initial operations.

 

Norfolk Southern Railway Company (NS), has been awarded a 50 percent tax credit for an eight-year term to re-open its Portsmouth repair facility, located in Scioto County. The value of the tax credit is estimated at $332,781 over the term. NS provides comprehensive transportation and logistics services and is a major freight railroad operating 21,500 route miles in 22 states, the District of Columbia and Ontario, Canada. Norfolk Southern Corporation, a Norfolk, Va.-based company, is the parent of NS. NS proposes to invest in new machinery and equipment, facility improvements and on-site rail infrastructure improvements to reopen its car repair shop, which will be used to repair the company's railcar fleet. Portsmouth, Ohio was selected over sites in other states for this more than $2.8 million project, which is expected to create 77 jobs within the first three years of the project's initial operations.

 

Plastic Recycling Technology, Inc. (PRT), to be located in Spring Creek Township (Miami County), has been awarded a 30 percent tax credit for a seven-year term to relocate operations. The value of the tax credit is estimated at $31,127 over the term, and the company would be required to maintain operations at the project site for 14-years. PRT recycles plastic industrial waste streams from throughout the state of Ohio and other areas of the Midwest. PRT also recycles post-consumer, post-commercial and post-industrial plastics by converting the plastic waste into plastic pellets and densified and ground plastic, which are sold to plastic product manufacturers. The company proposes to establish its headquarters and manufacturing operations with the purchase of new machinery and equipment, and investments in facility improvements and the lease of a 416,420 square-foot facility that will be used for recycling plastic waste into usable material for plastic product manufacturers. This $2 million project is expected to create 25 jobs and retain 40 positions within the first three years of the project's initial operations.

 

Prime Technology, Inc. (Prime), located in Miamisburg (Montgomery County), has been awarded a 50 percent tax credit for a five-year term to expand existing operations. The value of the tax credit is estimated at $221,861 over the term, and the company would be required to maintain operations at the project site for 10-years. Prime, a spin-off of the NCR Corporation (NCR), which is headquartered in Dayton and has 3,200 employees worldwide, develops and implements anti-counterfeiting and security solutions. NCR proposes to establish a manufacturing facility, research development center and headquarters facility for Prime at the Mound Advanced Technology Park in Miamisburg. Prime will invest in new machinery and equipment, off-site roadwork infrastructure improvements and renovations to a 10,000 square-foot facility that will be used to manufacture and develop its fluorescent lumID, or "luminescent identifier," security marker technology. Prime will commercialize NCR's new novel fluorescent security marker, which is used in currency recognition and authentication. Ohio is in competition with Massachusetts for this more than $2.1 million project, which is expected to create 28 jobs within the first three years of the project's initial operations.

 

Quadax, Inc. (Quadax), located in Middleburg Heights (Cuyahoga County), has been awarded a 40 percent tax credit for a seven-year term to consolidate several smaller facilities into one large facility. The value of the tax credit is estimated at $324,967 over the term, and the company would be required to maintain operations at the project site for 14-years. Quadax has been providing accounts receivable management services to health care providers since 1973. The company offers a diversified level of services for health care professionals, labs and hospitals throughout the country and has developed proprietary software called Hospital Accounts Receivable Processor (HARP), a billing and accounts receivable management system that offers a high degree of customization to streamline billing services and address every client's specific billing needs. The company proposes to invest in land costs, building construction and new machinery and equipment to update its 86,000 square-foot facility that was constructed 1979. Quadax will consolidate employees at several locations into one facility and update its structure and systems, as well as expand its square footage by 100,000 square-feet to accommodate current and future staff requirements. The new location will serve as the company's headquarters and operations center and will house management, IT staff, account managers and operations staff. This more than $9 million project, which is expected to create 100 jobs and retain 273 positions within the first three years of the project's initial operations.

 

OKS-Ameridial, Inc. (OKS-Ameridial), located in Canton (Stark County), has been awarded a 35 percent tax credit for a five-year term to establish a new facility. The value of the tax credit is estimated at $209,191 over the term, and the company would be required to maintain operations at the project site for 10-years. OKS-Ameridial is a leading global provider of contact center services, direct mail, and business processing outsourcing services. Founded in 1987, OKS-Ameridial provides inbound and outbound call-handling services blended with complete web-based services. OKS-Ameridial is part of the OKS Group that also consists of: OKS Limited, OKS Span Tech Pvt. Ltd. and Litigation Help Desk. OKS-Ameridial has seven locations and 437 employees across the state. The company proposes to invest in machinery and equipment and lease 12,000 square-feet of a 25,000 square-foot facility for a new telemarketing service bureau that will provide customer support, sales and technical support primarily to the medical and cellular services industries. The facility will also provide volunteer recruitment and revenue services to national nonprofit charitable organizations. This $480,000 project is expected to create 200 jobs within the first three years of the project's initial operations.

 

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

 

http://www.odod.state.oh.us/newsroom/2007PR/releases/1747.asp