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

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 202 JOBS IN OHIO

FOR IMMEDIATE RELEASE

July 25, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans totaling more than $10.2 million for six economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 202 jobs and retain and/or maintain 272 positions.

 

Donatos Pizzeria, LLC, located in Gahanna (Franklin County), will receive a $2.9 million Research and Development Investment Loan at an interest rate of two percent for a 10-year term to construct and renovate a building and purchase machinery and equipment. Donatos proposes to create an Innovation Center and Prototype Plant to facilitate the research and development of new methods of producing pizza. The company plans to create new pizza crusts and other pizza advancements for mass production. This more than $4.5 million project is expected to maintain 123 positions and create 25 jobs within the first three years of the project’s initial operation.

 

Lawrence County Port Authority on behalf of Rumpke Consolidated Companies, Inc., located in Hanging Rock (Lawrence County), will receive a $600,000 Pioneer Rural Loan at an interest rate of three percent for a 15-year term. The company proposes to relocate and expand its regional sales, recycling, and transfer facility, currently located in Ashland, Kentucky. Rumpke 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 proposes to construct a 38,000 square-foot multipurpose industrial metal facility and purchase machinery and equipment. This more than $3.3 million project, located in Ohio’s Appalachian region, is expected to create 41 jobs within the first three years of the project’s initial operation.

 

Toledo-Lucas County Port Authority (TLCPA) on behalf of Engineered Plastic Products, Inc. (EPP), to be located in the Village of Fort Shawnee, near Lima (Allen County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a six-year term to purchase machinery and equipment. The TLCPA will lease the project to EPP, a supplier of high-quality, cost effective injection-molded plastic interior and exterior automotive parts (consoles, doors, floor scuffs, etc). EPP recently won a contract with a major automaker to supply injection molded interior parts, and as a result must increase capacity to fulfill the contract. The majority of the machinery and equipment will consist of injection molding presses, ranging in size from 300 to 1,100 tons. This more than $3.4 million project is expected to retain 110 positions and create 60 jobs within the first three years of the project’s initial operation.

 

QuaTech, Inc., located in Hudson (Summit County), will receive a $2.5 million Innovation Ohio Loan at an interest rate of eight percent to acquire a new technology. QuaTech is a manufacturer of data communication products specializing in network connectivity. Network connection products are devices that can be plugged into standard expansion slots in handheld and notebook computers. The company plans to acquire a wireless connectivity technology developed by DPAC Technologies Corporation that will enable QuaTech to enter the machine-to-machine (M2M) wireless connectivity market. This more than $3.3 million project is expected to retain 35 positions and create 22 high-paying jobs within the first three years of the project’s initial operation.

 

Superb Industries, Inc., located in Sugarcreek (Tuscarawas County), will receive a $1.2 million Innovation Ohio Loan at an interest rate of 6.5 percent over a seven-year term to mass-produce a keyless entry lockset for truck caps. The company is currently producing small quantities of the product and has completed in-house testing that has received positive feedback. Phase I of this project will include the purchase of production quality molds and a high speed press that will allow Superb to manufacture a high volume of the product. Phase II will apply the same technology to other products. This $1.7 million project is expected to retain four positions and create 14 jobs within the first three years of the project’s initial operation.

 

CAMACO, LLC, located in Lorain (Lorain County), will receive a $2 million 166 Direct Loan at an interest rate of three percent over a 12-year term to begin operations. CAMACO will produce stampings and tubes used in the fabrication of automotive seat frames. The company plans to occupy 60,000 square feet of manufacturing space adjacent to another company operation. This $5 million project is expected to create 40 jobs within the first three years of the projects initial operation.

 

The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Pioneer Rural Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase in designated areas. The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology.

 

http://www.odod.state.oh.us/newsroom/releases/1293.asp

 

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

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 389 JOBS IN OHIO

FOR IMMEDIATE RELEASE

September 26, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $9.1 million for four economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 389 jobs and retain and/or maintain 170 positions.

 

Advanced Biological Marketing, Inc. (ABM), located in Van Wert (Van Wert County), will receive a $959,290 Innovation Ohio Fund loan at an interest rate of 6.5 percent for an eight-year term to construct a manufacturing facility and purchase equipment. ABM will be using new encapsulation technology to produce biological seed coatings used to treat agricultural seeds that will reduce the need for pesticides to be applied to plants after germination. The company plans to construct a 70’ by 90’ building which will be used to produce the microbes and house the company’s business operations. This more than $1.2 million project is expected to retain four positions and create eight high paying jobs within the first three years of the project’s initial operation.

 

Peak Land Development, LLC on behalf of American Way Manufacturing, Inc. (AWM), to be located in Lordstown (Trumbull County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 15-year term to relocate operations and construct a manufacturing facility. 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. This more than $2.3 million project is expected to retain 26 positions create 31 jobs within the first three years of the project’s initial operation.

 

Athens County Port Authority on behalf of Diagnostic Hybrids, Inc. (DHI), located in Athens (Athens County), will receive a $1 million Research and Development Fund loan at an interest rate of two percent for a 10-year term, a $2 million 166 Direct Loan at an interest rate of three percent for a 15-year term and a $2.73 million Ohio Enterprise Fund Bond, which will bear interest at the rate established when the bond is sold. DHI is the world’s largest cell culture provider and is currently located within Ohio University’s Innovation Center. The company has outgrown its current space and plans to lease 100,000 square feet of a property that will be purchased by the Port Authority. This additional space will allow DHI to conduct research and development of new products and technologies. The more than $6.5 million project is expected to retain 140 positions and create 100 high tech jobs within the first three years of the project’s initial operation in Ohio’s Appalachian region.

 

Stone Barn, LLC dba Steve & Barry’s University Sportswear, to be located in Columbus (Franklin County), will receive a $1.5 million 166 Direct Loan at an interest rate of 3.25 percent for a five year term to relocate and expand its central distribution operation. 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 plans to lease 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 $3.1 million project, which is expected to create 250 jobs within the first three years of the projects initial operation.

 

The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology. The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The Ohio Enterprise Bond Fund (OEBF) provides funding for land and building acquisition, construction, expansion or renovation, and equipment purchases for commercial or industrial projects between $1.5 million and $10 million.

 

http://www.odod.state.oh.us/newsroom/releases/1331.asp

 

From an ODOD press release:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 382 JOBS IN OHIO

FOR IMMEDIATE RELEASE

October 31, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $17.4 million for eight economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 382 jobs and retain and/or maintain 488 positions.

 

Benjamin Steel Company, Inc., located in Springfield (Clark County), will receive a $500,000 166 Direct Loan at an interest rate of 3.25 percent for a seven-year term to purchase new equipment. Benjamin Steel Company is a steel service center that provides value-added processes to cut steel. The company plans to purchase a state-of-the-art laser cutting machine that will automatically load, feed, cut and unload pipe, tube and structural steel. The project represents a more than $1.2 million investment in machinery, improvements and training of new and existing employees. The company plans to add eight new jobs and retain 71 positions within the first three years of the projects initial operation.

 

J/H Real Estate of Galion on behalf of Crawford Machine, located in Galion (Crawford County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 15-year term to purchase a building. J/H Real Estate will purchase the 144,000 square-foot building that it will lease to Crawford Machine. Crawford is a manufacturer of brake parts for heavy-duty equipment. This more than $2.3 million project is expected to retain 85 positions and create 40 jobs within the first three years of the projects initial operation.

 

ECNext, Inc., located in Westerville (Franklin County), will receive a $1.25 million Innovation Ohio Loan Fund loan at an interest rate of 6.5 percent for a five-year term to invest in new equipment. ECNext provides online channels for marketing, selling and delivering commercial business information on the Internet. The company has acquired a contract that has made it necessary for it to upgrade its existing IT infrastructure to handle an increase in records to its database. The $1.5 million project is expected to maintain 26 current positions and create 80 technology-related jobs within the first three years of the projects initial operation.

 

Richard Wynn, LLC on behalf of Electronic Design for Industry, Inc., to be located in Belpre (Washington County), will receive a $750,000 166 Direct Loan at an interest rate of three percent for a 12-year term to purchase a building and machinery and equipment. Electronic Design for Industry designs and manufactures equipment for the oil and gas industry. The more than $1.2 million project is expected to create 34 jobs within the first three years of the projects initial operation.

 

Exal Corporation, located in Youngstown (Mahoning County), will receive a $2 million 166 Direct Loan at an interest rate of three percent for a 10-year term and a $5 million Ohio Enterprise Bond Fund loan (that will bear interest at the rate at the time the bond is sold) to expand its facility. Exal manufactures aluminum beverage bottles and aerosol containers. The company plans to construct a 165,000 square-foot manufacturing facility adjacent to its current location that will enable it to add four product lines to manufacture aluminum beverage bottles. The more than $10.3 million project is expected to create 118 new jobs and maintain 264 current positions.

 

Hearth Grains Bakery, LLC on behalf of Klosterman Baking Company, Inc., located in Springboro (Warren County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 10-year term and a $4.1 million Ohio Enterprise Fund Bond (that will bear interest at the rate at the time the bond is sold) to purchase a building and machinery and equipment. Klosterman specializes in the baking of bread products for the restaurant industry. The Company operates three bakeries that service customers throughout the Midwest. Klosterman plans to acquire a 66,000 square-foot facility and purchase new machinery and equipment to in order to expand its baking operations. Ohio is in competition with Kentucky for this more than $5.5 million project, which is expected to create 42 jobs within the first three years of the project's initial operation.

 

QPI Tools, Inc. and MCG Family Limited Partnership, to be located in Steubenville (Jefferson County), will receive a $738,750 Pioneer Rural Loan at an interest rate of three percent for a 15-year term to purchase a building to expand operations. QPI manufactures specialty lawn and garden equipment and is considering the consolidation of its two Pennsylvania facilities (office and manufacturing). The company will establish its operations at an existing 35,000 square-foot building, adding an additional 2,000 square feet for office operations, in the Jefferson County Industrial Park. QPI will lease the facility from MCG, a related third party leasing company. Ohio was in competition with Pennsylvania for this $985,000 project, which is expected to create 40 jobs in Ohio’s Appalachian region within the first three years of the project’s initial operation.

 

Western DataCom Co., Inc., located in Westlake (Cuyahoga County), will receive a $1.16 million Innovation Ohio Loan at an interest rate of eight percent for a six-year term to purchase equipment. Western DataCom designs, develops and manufactures hardware for transferring voice, video and data over the Internet on a secure basis. The company is developing a secure wireless product that will have distinct advantages over traditional wireless “Wi Fi Hot Spots”. The more than $1.6 million project is expected to retain and/or maintain 42 positions and create 20 jobs within the first three years of the projects initial operation.

 

The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology. The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The Ohio Enterprise Bond Fund (OEBF) provides funding for land and building acquisition, construction, expansion or renovation, and equipment purchases for commercial or industrial projects between $1.5 million and $10 million.

 

http://www.odod.state.oh.us/newsroom/releases/1356.asp

 

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

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 339 JOBS IN OHIO

FOR IMMEDIATE RELEASE

December 5, 2005

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $5.2 million for six economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 339 jobs and retain 93 positions.

 

The Bilco Company, to be located in Cambridge (Guernsey County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 10-year term to purchase machinery and equipment. Bilco specializes in making access products for the construction industry including: basement doors, window well covers, basement entrance steps and basement windows. The proposed project includes leasing a facility where the company plans to manufacture molded plastic doors and window wells. The company 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.

 

Century Mold Co., Inc., located in Monroe (Butler County), will receive a $2 million 166 Direct Loan at an interest rate of three percent for a seven-year term to purchase machinery and equipment. Century Mold Company designs, manufactures and sells plastic parts and related tooling to primarily Tier I automotive suppliers. The company plans to establish a facility that will provide greater flexibility in shipping its products to various locations in the Midwest. Product is currently shipped from Rochester, New York. This more than $5.2 million project is expected to create 100 jobs within the first three years of the project’s initial operation.

 

S&M Ohio, LLC on behalf of S.S. Kemp & Co., located in Cuyahoga Heights (Cuyahoga County), will receive a $450,000 166 Direct Loan at an interest rate of three percent for a 15-year term to purchase a building and machinery and equipment. S.S. Kemp is a wholesale distributor of supplies and equipment for the food service industry. The company plans to purchase a building where it will expand its distribution business and acquire additional office space. The more than $1 million project is expected to retain 90 positions and create 15 jobs within the first three years of the project’s initial operation.

 

S.I. Ohio Properties, LLC on behalf of Peak Performance Solutions, Inc. (PPSI), to be located in Scioto Township (Pickaway County), will receive a $700,000 166 Direct Loan at an interest rate of three percent for a 10-year term to purchase and renovate a building. 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. The $1.5 million project is expected to create 104 jobs within the first three years of the project’s initial operation.

 

7600 Whipple, LLC on behalf of SUNPRO, Inc., located in North Canton (Stark County), will receive a $500,000 166 Direct Loan at an interest rate of three percent for a 15-year term to expand its corporate headquarters facility and regional operations. SUNPRO provides specialty services and customized solutions to field and facility environmental needs including: clean up services, building decontamination, soil evacuation, ground water and bio remediation. The company also performs a variety of electrical services. The company has experienced growth and plans to move to a new facility. The more than $1.2 million project is expected to retain three positions and create 15 jobs within the first three years of the project’s initial operation.

 

Viands Concerted, LLC, located in Gahanna (Franklin County), will receive a $615,000 Innovation Ohio Loan Fund loan at an interest rate of eight percent for a five-year term to purchase equipment to create a new pilot line. Viands Concerted is developing new technologies in the area of vegetable preservation and plans to build a line for production and demonstrations to potential licensees of the technology. The $820,000 project is expected to create 45 jobs within the first three years of the project’s initial operation.

 

The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology.

 

http://www.odod.state.oh.us/newsroom/releases/1380.asp

 

I'm so hopelessly behind on these.  This is a press release from ODOD, 4/24/06:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 695 JOBS IN OHIO

FOR IMMEDIATE RELEASE

April 24, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $21 million for five economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 695 jobs and retain 332 positions.

 

Dayton-Montgomery County Port Authority on behalf of Clopay Corporation, headquartered in Mason (Warren County), will receive a $7.79 million Ohio Enterprise Bond Fund loan at an interest rate to be determined at time of sale for a term of 15 years and a $5 million 166 Direct Loan at an interest rate of three percent for a term of 15 years. The more than $15 million project will include an investment of $9.5 million for the purchase of land and a building and $5.1 million for renovations to an existing facility located in Troy, Miami County. 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.

 

Brush Wellman, located in Elmore (Ottawa County), will receive a $5 million Research and Development Investment loan at an interest rate of two percent for a 12-year term for the construction of a 100,000 to 150,000 square-foot research and development facility. 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 over 400 acres at the proposed project site and will construct a facility separate from its existing complex for the development of a new manufacturing process. Ohio is in competition with Utah for this more than $11 million project, which is expected to create 25 new jobs and retain 118 positions within the first three years of the project's initial operations.

 

Ovation Polymer Technology & Engineered Materials, Inc., located in Medina (Medina County), will receive a $1,125,000 Innovation Ohio Loan fund at an interest rate of seven percent for a seven-year term for the purchase of allowable machinery and equipment and intellectual property protection costs. Ovation specializes in the development and commercialization of new products in the areas of conductive polymers, nano-engineered materials, high-temperature materials, barrier materials and enhanced surface modified weatherable compounds. The company requires additional production capacity to manufacture conductive polymers and gas barrier polymers. The $1.5 million project is expected to create 24 new jobs and retain 18 positions within the first three years of the project's initial operation.

 

Leedsworld, Inc., to be located in Warren (Trumbull County), will receive a 166 Direct Loan in the amount of $2 million at an interest rate of one percent for a five-year term for the purchase of machinery and equipment. 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. Because the companys current location cannot accommodate its continued growth, Leedsworld proposes to lease a 256,000 square-foot facility for the customization of various products purchased from manufacturers. Ohio is in competition with Pennsylvania for this $4.4 million project, which is expected to create 241 new jobs within the first three years of the project's initial operation.

 

Fenner Dunlop (Toledo), LLC (Fenner), located in Toledo (Lucas County), will receive a $1 million 166 Direct Loan at an interest rate of three percent and a term of 15 years for the purchase of a building and machinery and equipment. Fenner manufactures conveyer belts, including piled fabric, solid woven fabric and steel cord belting. The project involves the purchase of a building in Toledo and the installation of a new double-deck, 10-meter curing press that will be utilized in the production of conveyer belting. The $3.1 million project is expected to create five new jobs and retain 41 positions within the first three years of the project's initial operation.

 

The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology.

 

http://www.odod.state.oh.us/newsroom/releases/1518.asp

 

ODOD press release, 7/31/06:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 145 JOBS IN OHIO

FOR IMMEDIATE RELEASE

July 31, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $6 million for six economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 145 jobs and retain 337 positions.

 

Beamalloy Technologies, located in Plain City (Union County), will receive a $488,750 Innovation Ohio Loan at an interest rate of seven percent for a seven and a half year term for the purchase of machinery and equipment and process validation testing and intellectual property protection costs. Beamalloy has developed and markets a patented coating technology used in the industrial marketplace. Beamalloy's coating technology allows deposition of performance coatings on engineered components and tooling made from all metals, ceramics and glass metals. The proposed project involves scaling the use of a ceramic coating process already developed by Beamalloy specifically for coating components used in orthopedic hip implants. The process is expected to extend the life of hip replacements. This $575,000 project is expected to create eight jobs and retain six positions at the project site within the first three years of the project’s initial operation.

 

Landmark Plastics Corporation (Landmark), located in Akron (Summit County), will receive a $750,000 166 Direct Loan at an interest rate of three percent for a seven-year term for the purchase of machinery and equipment. Landmark is a manufacturing firm that designs, manufactures and distributes plastic containers used to grow and store various floriculture plants, including annuals, perennials, potted plants and indoor potted plants. Landmark proposes to purchase thermoforming production equipment to enable production of larger containers. The thermoforming process is also less expensive than the current injection molding process currently utilized by Landmark. This $1.2 million project is expected to create ten jobs and retain 134 positions at the project site within the first three years of the project's initial operation.

 

Plastic Trim, LLC, located in Beavercreek (Greene County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a ten-year term for the purchase of machinery and equipment. Plastic Trim is a plastic injection molder and extrusion company that primarily serves major domestic automakers and is a leading manufacturer of exterior plastic trim for the domestic automobile industry. The company supplies parts used primarily for decorative and design purposes, including windshield molding, body side moldings and bumper fascia moldings. The new machinery and equipment will support increased production necessary to fulfill orders resulting from newly awarded business. This $1.8 million project is expected to create 25 jobs and retain 108 positions at the project site within the first three years of the project's initial operation.

 

Danco Metal Products, Inc. (Danco), located in Avon (Lorain County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a ten-year term for construction of a building and the purchase of machinery and equipment. Danco manufactures metal cabinetry for medical scanners in hospitals nationwide and around the world. Danco has also diversified into the telecommunications, banking and industrial fields and has secured several new contracts to provide custom cabinetry for companies in these industries. The company proposes to purchase new machinery and equipment and because Danco cannot expand at its current location, relocate and construct a new building in Avon. This more than $3.8 million project is expected to create 25 jobs and retain 48 positions at the project site within the first three years of the project's initial operation.

 

Balogh Real Estate Limited Partnership (Mar-Bal, Inc.) located in Auburn Township (Geauga County), will receive a $1.5 million Research and Development Investment Loan Fund loan at an interest rate of 2.5 percent for a twelve-year term for the purchase of an existing building to expand research and development capabilities. Balogh Real Estate Limited Partnership is a real estate holding company formed by the owners and management of Mar-Bal, Inc., which manufactures custom thermoset polyester plastic products for use as components of larger items. The company's product line includes of vent hoods, door handles, insulators and molding components. Mar-Bal proposes to invest in an existing facility located less than a mile from its current production facility to house research and development operations, which will allow for increased activity and free needed space in its production facility for more product manufacturing. This more than $3.2 million project is expected to create 12 jobs and retain 13 positions at the project site within the first three years of the project's initial operation.

 

Tosoh SMD, Inc. (TSMD), located in Grove City (Franklin County), will receive a $3 million Research and Development Investment Loan at an interest rate of two percent for a ten-year term for the purchase of machinery and equipment. TSMD is a wholly owned subsidiary of TOSOH America, Inc, which is a wholly owned subsidiary of TOSOH Corporation. TSMD was created to develop, manufacture and sell sputtering targets and other consumable materials used in semiconductor wafer fabrication. The Grove City facility focuses on applications for microprocessors, flat panel displays, fuel cells and inkjets. TSMD proposes to grow its capabilities by expanding its research and development capabilities, and processing and manufacturing opportunities. The new machinery and equipment will allow for further development of new products and manufacturing processes. The more than $23 million project is expected to create 65 jobs and retain 28 positions at the project site within the first three years of the project's initial operation.

 

The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1627.asp

 

ODOD press release, 8/28/06:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 410 JOBS IN OHIO

FOR IMMEDIATE RELEASE

August 28, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $11 million for six economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 410 jobs and retain 395 positions.

 

BestTransport.com, Inc. (BestTransport), located in Worthington (Franklin County), will receive a $4,558,700 Innovation Ohio Loan at an interest rate of 7.5 percent for a six-year term for costs associated with the purchase of machinery and equipment, intellectual property and software development. BestTransport is an Application Service Provider (ASP) that has developed a web-based service that enables shippers and carriers in the trucking industry to efficiently manage, execute and track inbound and outbound freight. Shippers and third-party logistics providers can utilize this technology to automate transportation management by creating loads, selecting carriers, tracking shipments and consolidating freight bills. The technology will reduce fuel consumption, cut transportation costs for shippers and increase shipments for carriers through improved efficiency. The proposed project involves the development of a web-based transportation management system, the purchase of machinery and equipment, software development and the acquisition of intellectual property. This more than $14 million project is expected to create 100 jobs and retain 12 positions at the project site within the first three years of the project's initial operation.

 

YSK Corporation (YSK), located in Chillicothe (Ross County), will receive a $2.5 million 166 Direct Loan for a 10-year term for costs associated with the acquisition of machinery and equipment. YSK obtained the loan through the Ohio Department of Development's Automotive Supplier Zero Percent Financing Initiative and will bear an interest rate of zero percent for the first 24 months, followed by a rate of three percent for the remaining term of the loan. 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. The proposed project involves the purchase of new machinery and equipment to be used for increased production of automotive parts, which will allow the company to pursue new business opportunities. This $24 million project is expected to create 25 jobs and retain 227 positions at the project site within the first three years of the project's initial operation.

 

Wilbert, Inc (Wilbert), located in Bellevue (Huron County), will receive a $1.5 million 166 Direct Loan at an interest rate of three percent for a 10-year term for the purchase of new machinery and equipment. 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. The proposed project includes the acquisition of machinery and equipment to meet increased demand resulting from its new business relationship with Whirlpool, which has the potential of generating significant new business for Wilbert in the future. This more than $9.5 million project is expected to create 250 jobs and retain 39 positions at the project site within the first three years of the project's initial operation.

 

Tuscarawas County Port Authority (TCPA) will receive a $1.5 million 166 Direct Loan at an interest rate of three percent for a 15-year term for renovation of a building to be leased to Plymouth Foam, Inc. (Plymouth), located in Gnadenhutten (Tuscarawas County). Plymouth manufactures and sells foam insulation, roofing, packaging material and laminated polystrene products. The company began as a regional supplier of expanded polystrene products (EPS), which are similar to Styrofoam, but are blown instead of extruded. EPS is used as insulation in building applications. Plymouth currently has two locations in Newcomerstown and would like to expand and consolidate operations. The TCPA will renovate the 298,000 square-foot former Alsco Aluminum building. Plymouth will lease 80,000 square feet of the building with an option to lease an additional 120,000 square-feet. The TCPA plans to lease the remainder of the facility in the future. This $4.4 million project is expected to create 20 jobs and retain 76 positions within the first three years of the project's initial operation.

 

Ross County Community Improvement Corporation (CIC) will receive a $500,000 Rural Industrial Park Loan and a $500,000 Rural Development Initiative Fund grant for the construction of a 30,000 square-foot speculative facility located on a six-acre site in the Gateway Interchange Industrial Park. The loan will bear interest at a rate of four percent for a 15-year term. The CIC serves as an economic and community development organization to the Chillicothe and Ross County community. The CIC works to attract new industry to the area and retain and grow existing business. The CIC also leads real estate development efforts within the community to attract new development. The industrial park, which was established in 1997, is owned by the CIC and zoned for industrial use. Approximately 50 acres of the 90-acre park are available for new development and the CIC proposes to draw activity to the park through this speculative building project. The facility will be constructed as a shell in order to remain flexible for a future user and the project will include a parking lot, water and sewer line tap-ins and temporary electric lines for lighting.

 

NSL Analytical Services, Inc. (NSL), located in Warrensville Heights (Cuyahoga County), will receive a $1 million Research and Development Investment Loan at an interest rate of three percent for a 15-year term to purchase an existing facility and for the acquisition of new machinery and equipment. NSL is a privately owned independent research and development and testing laboratory that specializes in complete chemical and metallurgical analysis for materials such as titanium, high temperature alloys, refractory, ceramics, polymers, and other materials. NSL serves clients that are involved in industrial use base; primary metal processing and fabrication, automotive, aerospace, ceramic, powdered metals, polymer, chemical, electronics, jewelry, nutracutical raw materials, nuclear utilities and other laboratories and government labs. The company proposes to expand its research and development and testing services by relocating to an existing 30,864 square-foot facility that will house NSL's administrative, research and development and production operations. The new machinery and equipment will allow the company to compete with larger firms and utilize the new technology necessary to remain an industry leader. The more than $2.2 million project is expected to create 15 jobs and retain 41 positions at the project site within the first three years of the project's initial operation.

 

The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology. The Rural Industrial Park Loan program provides loans to rural, distressed local communities and other eligible applicants for real estate and infrastructure investments to develop well-planned industrial parks.

 

http://www.odod.state.oh.us/newsroom/releases/1642.asp

---

An older one:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 958 JOBS IN OHIO

FOR IMMEDIATE RELEASE

June 26, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $24 million for nine economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 958 jobs and retain 3,946 positions.

 

Healthcare Transaction Processors, Inc. (HTP), located in Columbus (Franklin County), will receive a $1,777,500 Innovation Ohio Loan at an interest rate of 7.5 percent for a six-year term to purchase hardware and software and for the development of software. HTP develops and markets software products and services that fully support the administrative transaction management needs of the healthcare industry, which include payers, providers, employees, administrators and data interchange services. The project involves the development of new software that will enhance the functionality of the company's three base product suites in order to meet the transaction needs of its healthcare industry customers. This more than $2.3 million is expected to create 109 jobs and retain 36 positions at the project site within the first three years of the project's initial operation.

 

Gradall Industries, Inc., located in New Philadelphia (Tuscarawas County), will receive a $2 million 166 Direct Loan at an interest rate of three percent for a ten-year term to purchase new machinery and equipment. 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. Gradall plans to rearrange manufacturing operations in its 422,000 square-foot facility to improve efficiencies at its material handler. This project is expected to create 75 jobs and retain 150 positions at the project site within the first three years of the project's initial operations.

 

NDI Medical (NDI), located in Warrensville Heights (Cuyahoga County), will receive a $2 million Research and Development (R&D) Loan for a term of fifteen years at an interest rate of 2.5 percent to purchase land and construct a new facility to house its research and development operations and administrative functions. NDI is a medical device development company that targets neurostimulation companies, medical device companies pursuing the neurostimulation market and neurostimulation researchers and clinicians. The company proposes to construct a 15,000-20,000 square-foot research and development facility to maintain its current level of operation and to grow its business. The company will also invest in equipment to support research and product development activities and furniture and fixtures to support regulatory, sales and executive functions. The $4 million project is expected to create 26 jobs and retain 15 positions at the project site within the first three years of the project's initial operation.

 

Negoce, LLC (Mandamus, LLC dba NCI-Nursing Corps (NCI)), located in Wintersville (Jefferson County), will receive a $596,250 Pioneer Rural Loan at an interest rate of three percent for a 15-year term for a building purchase. NCI is a provider of specialized medical services that delivers medical solutions for a variety of industries. The company assigns medical professionals to a company's workplace. NCI's primary customers are fossil fuel plants, petroleum refineries and heavy industrial plants. The project involves the purchase of a building that NCI currently leases to provide needed additional space. This project will create three jobs and retain 17 positions at the project site within the first three years of the project's initial operations.

 

Highway Composites, LLC, located in Norwalk (Huron County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 15-year term for a building purchase. HC is a real estate 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 and the purchase of machinery and equipment to produce plastic feedstock and to introduce new product lines. This more than $3.4 million project is expected to create 69 jobs and retain 26 positions at the project site within the first three years of the project's initial operation.

 

Whirlpool Corporation, located in Clyde (Sandusky County), will receive a $5 million 166 Direct Loan at an interest rate of one percent for years one through five and two percent for years six through ten and a $2.625 million Research and Development Investment Loan at an interest rate of two percent for a ten-year term for the acquisition of new machinery and equipment and research and development equipment. 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 purchase new 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 more than $26 million project is expected to create 553 jobs and retain 3,098 at the project site within the first three years of the project's initial operations.

 

WIL Research (WIL), located in Ashland (Ashland County), will receive a $7 million Research and Development Investment loan at an interest rate of two percent for a 10-year term to expand it current facility and for the acquisition of new machinery and equipment. WIL is a non-clinical contract research organization providing product safety and toxicological assessment research and services to the pharmaceutical, biotechnology, chemical, agricultural, veterinary, food and consumer products industries. The company proposes to expand an existing building by 95,000 to100,000 square feet to increase space and meet the growing demand for its services. WIL will also purchase new laboratory machinery and equipment, including caging, racking and scopes. This $34 million project is expected to create 83 new jobs and maintain 500 at the project site positions within the first three years of the project's initial operations.

 

WLS Stamping Company (WLS), located in Highland Heights (Cuyahoga County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 15-year term to purchase a building for its stamped metal products and fabrications manufacturing operations. WLS manufactures stamped metal products and fabrications that are produced to customer specifications. WLS provides multiple products to companies in the areas of stamping, sheet metal components, sub-assemblies and precision machining. The company proposes to purchase an existing building to relocate its fabricating manufacturing operations. The facility will be primarily utilized for the fabrication of metal parts. The project will allow WLS to take on larger fabrication projects and add a paint line to provide painting services to its clients. The more than $2.4 million project is expected to retain 62 jobs at the project site within the first three years of the project's initial operation.

 

DoubleDay Acquisitions, LLC dba AcuTemp, located in Moraine (Montgomery County), will receive a $1.2 million Research and Development Investment Loan Fund at an interest rate of two percent for a ten-year term to acquire a larger facility. AcuTemp is a temperature management solutions company focused on product and process development. 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. AcuTemp also provides services to the food service/delivery and construction and appliance industries. The company proposes to renovate an 80,000 square-foot facility to house its corporate R&D headquarters and operations. This project is expected to create 40 jobs and retain 42 positions at the project site within the first three years of the project's initial operations.

 

The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology. The Pioneer Rural Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase in designated areas.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1610.asp

 

ODOD press release, 9/25/06:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 318 JOBS IN OHIO

FOR IMMEDIATE RELEASE

September 25, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $18 million for eight economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 318 jobs and retain 937 positions.

 

Solid Waste Authority of Central Ohio (SWACO), to be located in Columbus (Franklin County), will receive a $2 million 166 Direct Loan at an interest rate of one percent for years one and two and four percent for years three through seven. The SWACO will construct a new facility and acquire new machinery and equipment in support of the establishment of a new plant by RASTRA Ohio, Inc. (RASTRA), a building materials manufacturer. The project consists of the construction 20,000 square foot facility and the acquisition of new machinery and equipment. The new facility will be located on a 3 acre site at 2500 Jackson Pike within a eco-industrial park in the southern part of Columbus. SWACO will lease the new facility to RASTRA. RASTRA's manufacturing process uses fully automated machinery that will be installed in the specially designed facility. The machinery equipment purchase will include injection molding machines, silos and industrial mixers, curing racks and tooling equipment. This more than $6 million project is expected to create 50 jobs at the project site within the first three years of the project's initial operation.

 

Natural Fiber Composites Corporation (NFCC), located in Mount Vernon (Knox County), will receive a $1,483,530 Innovation Ohio Loan at an interest rate of 7.5 percent for a seven and a half year term for costs associated with the acquisition of machinery and equipment, computers and office equipment and intellectual property protection costs, as well as leasehold improvements. NFCC was recently formed by the principals of Engineering Mechanics Corporation of Columbus (EMCC) to commercialize a technology involving natural composites as reinforcements for plastics and composites. These natural fibers such as flax, kenaf and jute have similar mechanical properties to fiberglass, and are lighter, inexpensive, renewable, recyclable, non-abrasive and are safer for employees during the manufacturing process. The company proposes to build and install a pilot plant to produce Natural Fiber Reinforced Plastic. The plant will have a capacity of six million pounds a year and NFCC expects to grow the production in the first two years to full pilot-plant capacity. This more than $1.9 million project is expected to create 16 jobs at the project site within the first three years of the project's initial operation.

 

Superconductive Components, Inc., on behalf of SCI Engineered Materials (SCI), located in Columbus (Franklin County), will receive a $631,687 Innovation Ohio Loan at an interest rate of 7.5 percent for a seven year term for costs associated with the acquisition of machinery and equipment. SCI began operations in 1987 conducting applied research in high temperature superconducting (HTS) materials. The company now manufactures ceramic sputtering targets for the physical vapor deposition industry. A key market for the company is the thin film battery market. The company proposes to purchase a 50-ton vacuum hot press, grinders, a sputtering system, sedigraph and a spectrophotometer to allow for increased production capacity and meet the growing demand from customers and allow for entrance into new markets. This more than $800,000 project is expected to create eight jobs and retain two positions at the project site within the first three years of the project's initial operation.

 

Abbott's Ross Products Division, located in Columbus (Franklin County), will receive a $5 million 166 Direct Loan at an interest rate of three percent for a ten year term for costs associated with the acquisition of machinery and equipment. 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 purchase machinery and equipment to produce, fill and package eight ounce reclosable plastic bottles for both infant and adult nutritional products, including PediaSure and Ensure. Governor Taft discussed this project with officials from Abbot when he met with them during his Domestic Trade Mission to Chicago in March. This more than $39 million project is expected to create 92 jobs and retain 299 positions at the project site within the first three years of the project's initial operation.

 

AmeriCold Logistics, LLC (AmeriCold), located Massillon (Stark County), will receive a $1.5 million 166 Direct Loan at an interest rate of three percent for a seven year term for costs associated with the acquisition of machinery and equipment. 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 owns and/or leases and operates 100 cold storage warehouse facilities across the United States and handles over 60 billion pounds of freight annually. The company proposes to purchase new machinery and equipment and lease a 187,310 square foot facility to be used as a third party warehouse and distribution center serving primarily the H.J. Heinz Company. This $2 million project is expected to create 40 jobs at the project site within the first three years of the project's initial operation.

 

Weastec, Inc., located Hillsboro (Highland County), will receive a $2.5 million 166 Direct Loan at an interest rate of zero percent for years one and two and four percent for years three and four for a for costs associated with the acquisition of machinery and equipment. Weastec was founded in 1998 as a subsidiary of Toyo Denso Co. Ltd., an auto parts manufacturer headquartered in Tokyo, and operates three manufacturing facilities and one engineering office in Ohio. The company produces electrical components for the automotive industry and its primary products are ignition systems, sensors and cabin switches. Weastec also has design capability for ignition coils, electronic sensors and electromechanical switches. The company proposes to purchase new machinery and equipment, including injection molding presses, winding lines, coil assembly and cutting machines, as well as tooling to produce ignition coils for DaimlerChrysler. This more than $10 million project is expected to create 42 jobs and maintain 447 positions at the project site within the first three years of the project's initial operation.

 

Butler County Port Authority (Port), on behalf of Quaker Chemical Corporation (Quaker), located Middletown (Butler County), will receive a $3.5 million 166 Direct Loan at an interest rate of up to three percent for a sixteen and a half year term to add production capacity by expanding Quaker's current facility. Quaker develops, produces and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications. The company's principal products and services include rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds and hydraulic fluids. Quaker and the Port propose to construct a 60,000 square foot addition to an existing 40,000 square-foot facility to enable for increased production capacity and operating efficiencies. This $30 million project is expected to create 45 jobs and retain 40 positions at the project site within the first three years of the project's initial operation.

 

Techmetals, Inc., located Dayton (Montgomery County), will receive a $1.75 million Research and Development Investment Loan Fund loan at an interest rate of two percent for a 12-year term to expand its current facility in order to increase research and development capabilities, restructure their manufacturing space and increase their production capacity. Techmetals, an Ohio S-Corporation, is a high-end metal finishing company that designs and develops materials, engineering and processes for metal coatings for a variety of applications in the aerospace, defense, automotive, printing, communications, fiber optics, food and medical industries. The company has also grown its capabilities to include plating of different types of metals with nickel, chrome and specialty finishes. The expansion will provide additional space to allow for the development of new coating and finishing methods and increase efficiency in operating and production systems. This $3.5 million project is expected to create 25 jobs and retain 149 positions at the project site within the first three years of the project's initial operation.

 

The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Fund Loan (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology.

 

http://www.odod.state.oh.us/newsroom/releases/1657.asp

 

ODOD press release, 10/31/06:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 801 JOBS IN OHIO

FOR IMMEDIATE RELEASE

October 31, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $33 million for 10 economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 801 jobs and retain 1,610 positions.

 

GJR Enterprises (GJR), to be located in Bellaire (Belmont County), will receive a $750,000 Pioneer Rural Loan at an interest rate of 3.5 percent for a 12 year term for the acquisition of buildings and new machinery and equipment. GJR is a real estate holding company formed by the owners and management of East Coast Metal Systems, Inc. (ECMS), which fabricates and installs architectural sheet metal products that are sold through a related company. The company proposes to purchase an 18,224 square-foot facility and a 4,000 square-foot facility to relocate its headquarters and manufacturing operations from West Virginia to Bellaire. GJR will purchase these facilities and lease them to ECMS to fabricate, engineer and install aluminum composite material panels. ECMS will also purchase $275,000 in new machinery and equipment as part of the project, which will allow the company to expand its business and lower its overall costs. Ohio is in competition with West Virginia and Maryland for this $1.2 million project is expected to create 53 jobs and retain 31 positions at the project site within the first three years of the project's initial operation.

 

Novatex North America Incorporated (Novatex), to be located in Ashland (Ashland County), will receive a $750,000 166 Direct Loan at an interest rate of three percent for a ten year term for costs associated with the acquisition of machinery and equipment. Novatex is a newly incorporated subsidiary of Novatex GmbH, which is a private company founded in 1985 in Germany to manufacture and distribute infant care items. The company employs 120 people in Germany and sells products to 90 countries around the world. Novatex proposes to purchase new machinery and equipment and lease a 34,000 square-foot facility to establish its North American headquarters and to manufacture plastic baby bottle components. This more than $1.7 million project is expected to create 50 jobs at the project site within the first three years of the project's initial operation.

 

Toledo-Lucas County Port Authority (Port) will receive a $2.5 million 166 Direct Loan at an interest rate of one percent for the first year and three percent for the remainder of the loan, and a $5.565 million Ohio Enterprise Bond Fund loan, both for a term of 15 years. The funds will support the expansion of the Fenner Dunlop Port Clinton Location. Fenner Dunlop Port Clinton, Inc. (Fenner) manufactures conveyer belts, including piled fabric, solid woven fabric and steel cord belting. Fenner's parent company is Fenner PLC, with headquarters in the United Kingdom and twelve manufacturing facilities worldwide, producing over 5.5 million meters of conveyor belting per annum. Fenner proposes to construct a new 75,000 square-foot building and purchase new machinery and equipment to expand its Fabric Belt Division, including administrative and manufacturing functions. The Port Authority will construct and lease the facility to Fenner. Ohio is in competition with Ontario, Canada and the state of Oklahoma for this more than $8 million investment, which is expected to create 75 jobs at the project site within the first three years of the project's initial operations.

 

Green Tokai Co., Ltd. (Green Tokai), to be located in Brookville (Montgomery County), will receive a $2.5 million 166 Direct Loan through the Ohio Automotive Zero Percent Financing Initiative at an interest rate of zero percent for years one and two and four percent for the remainder of the 15 year loan term, and a $3,020,000 Ohio Enterprise Bond Fund loan at an interest rate of six percent interest rate for a 15 year term, both for the acquisition of land and a building. Green Tokai manufactures rubber and plastic trim parts for the automotive industry in the United States, Spain, China and Canada. Green Tokai also provides tooling used in manufacturing products under its supply arrangements. The company proposes to acquire an existing facility to expand its manufacturing capabilities to service new business for Honda and Toyota. The new facility will manufacture rubber, injection mold and plastic extruded parts. Ohio is in competition with Kentucky for this more than $7 million project, which is expected to create 25 jobs and retain 695 positions at the project site within the first three years of the project's initial operations.

 

Hines Corporation (Hines) will receive a $3 million 166 Direct Loan at an interest rate of one percent for the first year and three percent for the remainder of the 15 year loan term for the construction of a new facility to be located in Goshen Township (Tuscarawas County). Kimble Mixer builds concrete mixers and fabricates custom-made chassis for the oil and gas industry. Kimble Mixer was purchased in January of 2006 by Hines, a privately held management company that oversees eight manufacturing facilities in the Midwest and Texas, along with a distributorship in New York. Its companies manufacture a wide range of products, from valves and springs to gasoline dispensers and boilers. The company proposes to purchase new machinery and equipment and build a new 120,000 square-foot facility to manufacture cement mixers and chassis for large over the road and off road oil, water and gas rigs. Ohio is in competition with Michigan for this more than $5.9 million project, which is expected to create 100 jobs and retain 197 positions at the project site within the first three years of the project's initial operations.

 

Dayton-Montgomery County Port Authority (Port), located in Dayton (Montgomery County), will receive an $8 million 166 Direct Loan for a 21 ½ year term at an increasing interest rate from zero to four percent for the construction of a new headquarters facility for CareSource. CareSource is a non-profit Medicaid managed health care plan organization and is licensed by Ohio Department of Insurance. The company began as the State's first mandatory Medicaid managed care plan in the Dayton area and has grown to service thousands of members throughout the State. The Port proposes to enter into a build-to-suit lease agreement with CareSource to construct a new 325,940 square-foot headquarters facility, including conference and training rooms and corporate offices. CareSource will purchase furniture and fixtures and large scale computer systems. This more than $60 million project is expected to create 375 jobs and retain 650 positions at the project site within the first three years of the project's initial operations.

 

Columbus Franklin County Finance Authority (CFCFA), located in Columbus (Franklin County), will receive a $2.5 million 166 Direct Loan at an interest rate of zero percent for a 20 year term to establish a common bond fund to be located in Columbus. The CFCFA was established by the city of Columbus and Franklin County in April 2006 with the primary mission to provide creative and attractive financing alternatives to the private and civic sectors to enhance and facilitate economic development, job retention and creation in the central Ohio region. The CFCFA aims to promote economic development by facilitating access to capital markets for both the private and civic sectors. The ODOD created the first common bond fund program in Ohio in 1988 (the Ohio Enterprise Bond Fund) and based on the success of that program, port authorities in Toledo. Cleveland, Akron and Dayton created bond funds modeled after the ODOD program. The CFCFA will provide a $5 million cash reserve and a $5 million Letter of Credit (LOC) to fund the program reserves for a total capitalization of $10 million. Once the common bond fund is structured, the program reserve is key to enabling the CFCFA’s common bond fund to receive an investment grade rating from a national rating agency. The reserve of $10 million can then leverage up to $50 million to finance capital and economic development projects in the small business sector. The bonds typically can provide financing for projects ranging in size from $2 million to $6 million. The 166 Direct Loan of $2.5 million, a cash commitment of $2.5 million from the city of Columbus and Franklin County, as well as the $5 million LOC, will be used to create the $10 million common bond fund program reserve.

 

AxioMed Spine Corporation (AxioMed), located in Cleveland (Cuyahoga County), will receive an $838,653 Innovation Ohio Loan Fund loan at an interest rate of 10.25 percent for a term of seven years for costs associated with the acquisition of machinery and equipment, furniture and fixtures and leasehold improvements. AxioMed was formed in 2001 to develop products for restoring native function to patients with degenerative spine disease. The company has developed an artificial disc that advances the standard of care beyond disc function and the first generation of artificial discs. The disc allows native function of the natural human intervertebral disc with a low invasive surgical approach. The company proposes to build a manufacturing facility at its Cleveland headquarters to produce and test its Freedom Lumbar Disc and related products. AxioMed will modify existing space with leasehold improvements and will purchase manufacturing equipment. This more than $980,000 project is expected to create 12 jobs and retain 10 positions at the project site within the first three years of the project’s initial operations.

 

Charles H. Mack Associates, Inc. (CH Mack), located in Cincinnati (Hamilton County), will receive a $2,501,250 Innovation Ohio Loan Fund loan at an interest rate of eight percent for a term of six years for costs associated with the acquisition of machinery and equipment, furniture and fixtures and leasehold improvements. CH Mack’s software product, the Q Continuum System, is a care management solution for Acute Care Organizations, Managed Care Organizations and human services providers. The subscription-based software product manages complex, diverse care management challenges across the continuum of care. The company proposes to build the next Q Continuum System with updated features necessary to support industry standards for interfaces now required in the marketplace. The new system, which will be a web based application available for internet connected devices, is expected to save CH Mack significant time and expense by appealing to a larger audience and simplifying maintenance and support efforts. This more than $3.3 million project is expected to create 70 jobs and retain 27 positions at the project site within the first three years of the project’s initial operations.

 

Coshocton Ethanol, LLC. (Coshocton), located in Coshocton (Coshocton County), will receive a $1.8 million 166 Direct Loan at an interest rate of one percent for the first twelve months, followed by a rate of three percent for the remainder of the 7 year term, for the acquisition of new machinery and equipment. Coshocton is a subsidiary of Altra, Inc, which purchased the assets of Coshocton from Baard Energy in February 2006. Baard had been processing permits and planning the development of a facility to produce 60 million gallons of ethanol each year. Coshocton has completed the permit processing and all related steps and commenced construction of the facility in July 2006. The facility is expected to be complete in the fall of 2007. Baard was approved for a $5 million loan in October 2004 and the current request lowers that amount to $1.8 million. Coshocton will purchase machinery and equipment for the new facility. This more than $2.6 million project is expected to create 41 jobs at the project site within the first three years of the project’s initial operations.

 

The Research and Development Loan Fund (R&D) targets large investments from companies involved in research and development projects with significant assets and sales, and assists in financing the acquisition, construction and related costs of technology, facilities and equipment. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Loan Fund (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology. The Ohio Enterprise Bond Fund (OEBF) provides funding for land and building acquisition, construction, expansion or renovation, and equipment purchases for commercial or industrial projects between $1.5 million and $10 million.

 

http://www.odod.state.oh.us/newsroom/2006pr/releases/1671.asp

 

ODOD press release, 12/4/06:

 

 

DEVELOPMENT FINANCING ADVISORY COUNCIL APPROVES ECONOMIC DEVELOPMENT PROJECTS TO CREATE 1,551 JOBS IN OHIO

FOR IMMEDIATE RELEASE

December 4, 2006

 

Columbus, OH -- Governor Bob Taft today announced that the Development Financing Advisory Council (DFAC) has approved loans and bonds totaling more than $30 million for 15 economic development projects. The loans, which are pending State Controlling Board approval, are expected to create 1,551 jobs and retain 726 positions.

 

AddisonMcKee, Inc. (McKee), located in Lebanon (Warren County), will receive a $400,000 166 Direct Loan through the Ohio Automotive Zero Percent Financing Initiative at an interest rate of zero percent for years one and two and three percent for the remainder of the ten-year term of the loan, for costs associated with the acquisition of machinery and equipment. McKee is a manufacturer of tools for bend tubing for both horizontal and vertical benders as well as end-forming tools. McKee is now an industry leader in producing and tooling solutions for bend and form tubing as well as for the design and production of bending and end-forming tools. This more than $800,000 project is expected to create eight jobs and retain 126 positions at the project site within the first three years of the project's initial operation.

 

Beaver Paper & Packaging, Inc. (Beaver Paper), located in Marion (Marion County), will receive a $1 million 166 Direct Loan at an interest rate of three and a half percent for a 15-year term for costs associated with the acquisition of machinery and equipment, relocation and expansion of its headquarters operations, and on-site infrastructure improvements. Beaver Paper was originally established in 1975 to broker fine paper grades to major consumers and evolved to a grade developer and worldwide market of specialty papers after relocating to Atlanta, Georgia in 1979. The company proposes to relocate and expand its headquarters, including management, sales, product development, administrative, manufacturing and warehousing and distribution activities from its current Georgia location. Beaver Paper will purchase and renovate a 150,000 square-foot facility situated on a 12.5-acre site, purchase new machinery and equipment and undertake necessary on-site infrastructure improvements. This more than $2.6 million project is expected to create 44 jobs at the project site within the first three years of the project's initial operation.

 

Bluespring Software, Inc. (Bluespring), located in Cincinnati (Hamilton County), will receive a $1,353,075 Innovation Ohio Loan Fund loan at an interest rate of eight and one quarter percent for a five year term for costs associated with the development of software and the purchase of computer hardware and software. Bluespring is a people-centric Business Process Management (BPM) software company founded in 1997 Bluespring proposes to make major software upgrades, including the development of software and the purchase of computer hardware and software, to stay current with Microsoft products, which is necessary for future growth of the company. This more than $1.8 million project is expected to create 35 jobs at the project site within the first three years of the project's initial operation.

 

Cobasys, LLC (Cobasys), which operates Ovonic Energy Products located in Springboro (Warren County), will receive a $5 million 166 Direct Loan at an interest rate of four percent for a seven year term for costs associated with the acquisition of machinery and equipment and the expansion of its Ohio existing facility. Cobasys is a joint venture between Chevron Technology Ventures, LLC (CTV), a subsidiary of Chevron Corporation and Ovonic Battery Company, Inc., a subsidiary of Energy Conversion Devices (ECD). The mission of the company is to develop and enhance the commercialization of energy storage systems utilizing nickel metal hydride batteries for transportation and stationary applications. With this project, the company will purchase new research and development and manufacturing machinery and equipment. The expanded site will provide research, development manufacturing and assembly activities for the production of battery energy storage systems for new customers in the transportation and stationary markets. This more than $14.6 million project is expected to create 150 jobs and retain 94 positions at the project site within the first three years of the project's initial operation.

 

Construction Software Technologies, Inc. (CST), located in Cincinnati (Hamilton County), will receive a $2,205,000 Innovation Ohio Loan Fund loan at an interest rate of seven and one half percent for a six year term for costs associated with the acquisition of machinery and equipment, the development of software and improvements to the company's web architecture. CST began in 1993 and principally provides access services to internet construction plan rooms and private construction offices for general contractors and subcontractors via its Web site. The internet plan rooms and construction offices streamline the distribution and communication process related to project bids, plans, specifications and addenda. The company proposes to develop software, improve its web architecture and purchase equipment to better serve its customers and enable the company to maintain its market leadership position. This more than $2.9 million project is expected to create 65 jobs and retain 137 positions at the project site within the first three years of the project's initial operation.

 

Dayton Polymeric Products, Inc. (Dayton), located in Dayton (Montgomery County), will receive a $420,000 166 Direct Loan through the Ohio Automotive Zero Percent Financing Initiative at an interest rate of zero percent for years one and two and three percent for the remainder of the seven-year term of the loan for costs associated with the acquisition of machinery and equipment. Dayton is a custom injection molder of urethane products for the automotive and industrial markets. The company's largest business segment is in the production of energy absorbing foams used for occupant safety in passenger vehicles and also produces noise abatement foams for the automotive industry. Dayton proposes to purchase new machinery and equipment to be used in the production of products for the automotive industry. This $632,000 project is expected to create 60 jobs at the project site within the first three years of the project's initial operation.

 

Kenan Advantage Group, Inc. (KAG), located in Canton (Stark County), will receive a $2.5 million 166 Direct Loan at an interest rate of three percent for a 15-year term for costs associated with the acquisition and renovation of an office/warehouse building to house the company’s corporate headquarters. KAG was founded in 1991 when Advantage Management Group and Kenan Transport merged to form the nation's largest provider of petroleum transport and logistics services. KAG has grown substantially over the last five years and since 2000, has expanded from 14 to 32 states and extended the company's infrastructure with six acquisitions and 17 private fleet conversions. The expansion has allowed the company to build the only independent national fuels delivery carrier in the industry. The company proposes to expand its corporate headquarters to facilitate growth of the company's management, logistics and clerical operations. KAG will purchase and renovate an office/warehouse building for its new headquarters. This $5 million project is expected to create 65 jobs at the project site within the first three years of the project's initial operation.

 

Lawrence Economic Development Corporation (LEDC), located in South Point (Lawrence County), will receive a $500,000 Rural Industrial Park Loan at an interest rate of zero percent for years one through five and four percent for year six through fifteen and a $500,000 Rural Development Initiative Fund grant for costs associated with the construction of a speculative facility in the Point Industrial Park (Park). The LEDC serves as the community improvement corporation for the Lawrence County and is the lead economic development agency in the area. The LEDC proposes to invest $1.4 million in the construction of a new 32,800 square-foot multi-tenant, speculative facility on a four acre parcel as part of ongoing development of the Park, which is owned and managed by the LEDC. The LEDC acquired the Park in 2003 and has continued to make improvements to its infrastructure and recruit key job creation projects to the Park over the past several years.

 

Mondo Polymer Technologies (Mondo), located in Marietta (Washington County), will receive a $750,000 166 Direct Loan at an interest rate of one percent for years one and two and four percent for years three through seven for a seven year term for costs associated with the expansion of its plastic recycling manufacturing facility. Mondo was established in 1995, as a recycler of low-end films (polybags, shrink and stretch wraps, etc.) and became the first manufacturer of polymer guardrail offset blocks. The company proposes to purchase 29.9 acres of land and construct an 84,000 square-foot facility that will include expanded manufacturing space as well as larger and updated offices for administrative functions. Mondo will also purchase new machinery and equipment, including plastic extruders and mixing and molding machines. This more than $5 million project is expected to create 30 jobs and retain 44 positions at the project site within the first three years of the project's initial operation.

 

NanoStatics LLC (NanoStatics), located in Circleville (Pickaway County), will receive a $742,500 Innovation Ohio Loan Fund loan at an interest rate of eight and one quarter percent for a seven year term for costs associated with the acquisition of machinery and equipment. NanoStatics was founded in 2005 around two nanoweb technologies; an advanced process that enhances filtration and barrier effectiveness, and a platform of material chemistries for creating nanowebs that have properties engineered for specific applications. NanoStatics is currently leasing laboratory and office space and operates a pilot plant at TechColumbus in the Business Technology Center. The company proposes to purchase machinery and equipment to allow for increased production. This $991,000 project is expected to create 29 jobs at the project site within the first three years of the project's initial operation.

 

NineSigma, Inc. (NineSigma), located in Beachwood (Cuyahoga County), will receive a $805,875 Innovation Ohio Loan Fund loan at an interest rate of seven and one half percent for a six-year term for costs associated with the acquisition of computer hardware, equipment and software and the development of new software. NineSigma provides matchmaking services using the concept of Open Innovation, which leverages internal and external sources of ideas and takes them to market through multiple paths. The company provides matches between those looking for technology (clients) and those who can provide it (solutions providers) using a web-based tool and a database of global solution providers called Managed Exchange (M:X). The company proposes to purchase computer hardware, equipment and software and invest in software development to upgrade its M:X process. The goal is to improve the function of M:X internal operations, including client tools and solution provider tools. This more than $1 million project is expected to create 51 jobs at the project site within the first three years of the project's initial operation.

 

Skybus Airlines, Inc. (Skybus), located in Columbus (Franklin County), will receive a $5 million 166 Direct Loan at an interest rate of three percent for a seven-year term for costs associated with the acquisition of machinery and equipment. Skybus was founded in 2006 and is a start-up, next generation low cost airline that will be based in Columbus. The company's headquarters and flight operations center will be located at the Port Columbus International Airport and Skybus anticipates beginning flight service toward the end of the first quarter in 2007. Skybus will lease a 100,000 square-foot facility, 20,000 square-feet for office space and 80,000 square-feet for hanger facilities. This $10 million project is expected to create 869 jobs and retain 28 positions at the project site within the first three years of the project's initial operation.

 

US Aeroteam, Inc. (US Aeroteam), located in Dayton (Greene County), will receive a $1 million 166 Direct Loan at an interest rate of three percent for a 15-year term for costs associated with the acquisition of machinery and equipment and the relocation of its manufacturing facility. US Aeroteam is a manufacturer of a range of fabricated and machined components and products designed for applications in the US aerospace industry. The company's customers include aircraft manufacturers and their sub-tier suppliers, such as jet engine manufacturers, aircraft subsystem producers, logistical support organizations for jet engines and aircraft and US government/military customers. The company proposes to acquire new machinery and equipment and lease a 94,000 square-foot facility to allow the company to achieve efficiencies in the manufacturing of aerospace and auto parts. This more than $2.5 million project is expected to create 55 jobs and retain 40 positions at the project site within the first three years of the project's initial operation.

 

WCI Steel, Inc. (WCI Steel), located in Warren (Trumbull County), will receive a $5 million 166 Direct Loan at an interest rate of one percent for years one through three and three percent for years four through seven for a seven-year term for costs associated with the acquisition of machinery and equipment. WCI is an integrated, flat-rolled steel producer that was formed in March 2006. The company acquired all the assets of WCI Steel, Inc., an indirect subsidiary of the Renco Group, Inc., in May. WCI proposes to purchase and install a new walking slab beam reheat furnace at its facility in Warren. This $30 million project is expected to retain 75 positions at the project site within the first three years of the project's initial operation.

 

Wrayco Industries, Inc. (Wrayco), located in Stow (Summit County), will receive a $3.5 million 166 Direct Loan at an interest rate of one percent for the first year and three percent for the remainder of the ten-year term of the loan for costs associated with the acquisition of machinery and equipment. Wrayco began in 1980 by producing made-to-print fabrications and in 1986 began supplying fuel tanks for the Peoria, Illinois Caterpillar plant. Today, the company continues to produce fuel tanks, as well as fenders and a variety of items for 15 Caterpillar plants nationwide. The company is currently developing a process to clean fuel and hydraulic tanks, which is necessary to prevent contamination of the tanks' contents. The machinery and equipment investment will allow the company to expand and diversify its customer base while retaining the sales volume to its core business. This $10 million project is expected to create 90 jobs and retain 182 positions at the project site within the first three years of the project's initial operation.

 

The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase. The Innovation Ohio Loan Fund (IOF) assists existing Ohio companies develop next generation products in industry sectors that include: advanced materials; instrument, controls and electronics; power and propulsion; biosciences; and information technology. The Rural Industrial Park Loan program provides loans to rural, distressed local communities and other eligible applicants for real estate and infrastructure investments to develop well-planned industrial parks.

 

http://www.odod.state.oh.us/newsroom/releases/1683.asp