Five Ohio state govt investments to result in $23m in new salaries

Posted on 1 Apr 2016 by Tim Brown
Gov. Kasich giving his State of the State speech to members of the Ohio General Assembly in Wilmington in 2015 - image courtesy of Ohio Governor's Office

Ohio Governor, John R. Kasich, and the Ohio Tax Credit Authority (TCA) have approved assistance for five manufacturing projects set to create 670 jobs and retain 1,419 jobs statewide.

During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in $23,192,249 in new payroll and spur approximately $134.8 million in investment across Ohio.

Projects approved by the TCA include:

NORTHWEST

ConAgra Foods Packaged Foods, Archbold expects to create 107 full-time positions, generating $5.4 million in new annual payroll and retaining $13 million in existing payroll as a result of the company’s expansion project in the Village of Archbold (Fulton Co.). ConAgra Foods, a packaged foods company, makes and sells products under various brand names. The TCA approved a 1.121 percent, six-year Job Creation Tax Credit for this project.

The Worthington Steel Company, Yorkexpects to create 26 full-time positions, generating $1.5 million in new annual payroll and retaining $12.9 million in existing payroll as a result of the company’s expansion project in York Township (Fulton Co.). The Worthington Steel Company is a steel processing company. The TCA approved a 1.086 percent, six-year Job Creation Tax Credit for this project.

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SOUTHWEST

CC Kitchens, Sharonville expects to create 355 full-time positions, generating $9.1 million in new annual payroll and retaining $126,555 in existing payroll as a result of the company’s expansion project in the City of Sharonville (Hamilton Co.). CC Kitchens produces fresh-cut fruits, vegetables and prepared sandwiches for grocery retailers and convenience stores. The TCA approved a 1.214 percent, eight-year Job Creation Tax Credit for this project.

Pacific Manufacturing Ohio, Fairfield expects to create 62 full-time positions, generating $1.9 million in new annual payroll and retaining $26.6 million in existing payroll as a result of the company’s expansion project in the City of Fairfield (Butler Co.). Pacific Manufacturing Ohio is an auto parts supplier. The TCA approved a 0.576 percent, seven-year Job Creation Tax Credit for this project.

According to Biz Journal, Pacific Manufacturing Ohio plans to add 72,000 sq ft to its plant in Fairfield to expand its stamping operation that creates body frames and engines for automotive manufacturers like Toyota. Construction of the addition could begin in April and be complete by June 2017.

The expansion would cost $50 million, including $5 million in construction costs and $45 million for additional machinery and equipment over the next three years.

The Japanese-owned company, which currently has 540 full-time workers, will receive tax credits from the state of Ohio. The Fairfield City Council will also consider offering Pacific Manufacturing a seven-year, 65% property tax abatement for the addition at its meeting next week.

StandardAero Component Services, City of Sharonville expects to create 120 full-time positions, generating $5.2 million in new annual payroll and retaining $26.1 million in existing payroll as a result of the company’s expansion project in the City of Sharonville (Hamilton Co.). StandardAero is a maintenance, repair and overhaul provider. The TCA approved a 1.260 percent, six-year Job Creation Tax Credit for this project.