Distribution Firm Chooses Carey for $51.5M Project

Mar 23, 2018 | News, Newsletter |

Gregory Moon.
Wyandot County Office of Economic Development.

The company has committed to creating 50 full time jobs with an average salary of $44,000 per year. According to officials, the company also offers above average benefit programs to employees, and has been recognized for its high ethical standards.

Greg Moon, executive director of the Wyandot County Office of Economic Development, said, “The Village of Carey and Wyandot County will see a significant positive impact from the project. Taking into account this project and the recent project of Hanon Systems USA, Carey is experiencing the creation of almost 200 new jobs in its new Arrowhead Commerce Park. Continental Structural Plastics (CSP), also located in Carey, continues to make significant investments and create new local opportunities. As these local legacy and new industrial operations continue to find what they need in the Village of Carey and Wyandot County to profitably grow, the community will remain a viable option for prospective businesses.”

Tim Vaughn, CEO of Vaughn Industries, added, “The housing industry, food business, school systems, all of it – there’s been a lot of trickle-down effect with people either moving to Carey or coming and going from Carey in regards to these ventures benefiting the area. So you know the local gas stations, food stores, merchants, etc., there’s been a pick-up and it’s still coming.”

According to Moon, outside of the brand new facility that was available, the high respect of place and values displayed by residents as corporate leadership toured the area was one of the major reasons the company chose to locate in the community. These local values fit very well with the company’s own corporate values.

“Also, the ability of Vaughn Industries to expedite the company’s needed building improvements was another reason the company chose to locate in the Village of Carey. Vaughn Industries’ expertise and its management of Arrowhead Commerce Park provide a significant and ongoing advantage for new tenants.”

The Wyandot County Office of Economic Development worked with local leadership to award the company a local property tax exemption as well as with its JobsOhio partners to secure State-level incentives. According to officials, the project was highly competitive with the surrounding states.

When speaking of the benefits of Carey and Arrowhead Commerce Park for businesses, Vaughn said, “We have good utilities, a good way of life, we are located close to the highway, and I think we have a strong workforce in the surrounding area. It’s been very attractive to the manufacturers that are coming to this location. I think that has been great for everyone so far.”

Arrowhead Commerce Park currently has 15 acres of space ready to be developed. According to Vaughn, another building is currently being built by Vaughn Industries. He could not disclose any details of the project.

“For an electrical / mechanical contractor, its been a stretch for us, but one of the things that happened in Carey is that – it happened with the first spec building and it happened with the second one – we couldn’t get people up to the plate to build one, so we took it upon ourselves to build one. We have a great consortium with the State of Ohio, local municipality, and the Wyandot County Economic Development office. Between all of us, it has been a great relationship and a great opportunity to entice and bring people from other states to Carey and northwest Ohio,” Vaughn concluded.

Source: Toledo Business Journal. (2018, January 1). Smith Drug Co. to invest $51.5M in Carey. Retrieved from: http://www.toledobiz.com/Files/major_stories/news01.html

Call for Presentations for the 2018 OEDA Annual Summit

OEDA invites you to submit a proposal to present at the 2018 Annual Summit, themed “Back to Basics” to be held October 17-19 at the Columbus Renaissance Downtown. The sense that 2018 is going to be a very busy and dynamic year serves to remind us that we need to be doing the foundation work better than ever in order to have great success.

read more

Team NEO Event – NEO Rising: Celebrating Today. Building Tomorrow.

In 2017, the regional economic development partners across the 18 counties of Northeast Ohio worked together to achieve or exceed goals set by JobsOhio in four categories: projects completed, jobs created/committed, payroll added/committed and capital investment. Let’s keep the momentum going!

read more

JobsOhio 2017 Annual Report Highlights Results

This report provides an overview of how JobsOhio executes its mission to drive job creation, new capital investment, and economic growth in Ohio through business attraction, retention, and expansion efforts.

read more