Statewide Investments to Create More Than $115 Million in New Payroll

Sep 20, 2017 | News, Newsletter |

Ohio Development Services Agency

Governor John R. Kasich announced the approval of assistance for eight projects set to create 3,792 new jobs and retain 459 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $115 million in new payroll, and spur more than $377 million in investments across Ohio.

Projects approved by the TCA include:

NORTHEAST

Amazon.com.dedc, LLC, Village of North Randall (Cuyahoga Co.) expects to create 2,000 full-time positions, generating $55.4 million in new annual payroll as a result of the company’s new project in the Village of North Randall (Cuyahoga Co.). Amazon.com.dedc is an electronic commerce company. The TCA approved a 1.35 percent, 10-year Job Creation Tax Credit for this project.

Synova LLC, City of Mansfield (Richland Co.) expects to create 20 full-time positions, generating $1.5 million in new annual payroll and retaining $853,276 in existing payroll as a result of the company’s expansion project in the City of Mansfield (Richland Co.). Synova produces oils and release compounds used in the commercial baking industry. The TCA approved a 1.44 percent, six-year Job Creation Tax Credit for this project.

Joseph Manufacturing Company, Inc., City of Youngstown (Mahoning Co.) expects to create 287 full-time positions, generating $7.8 million in new annual payroll as a result of the company’s new project in the City of Youngstown (Mahoning Co.). Joseph Manufacturing produces self-chilling cans, bottling and packaging for the consumer beverage market. The TCA approved a 1.444 percent, eight-year Job Creation Tax Credit for this project.

WEST

Fresh Unlimited, Inc., City of Sidney (Shelby Co.) expects to create 25 full-time positions, generating $910,000 in new annual payroll and retaining $17.7 million in existing payroll as a result of the company’s expansion project in the City of Sidney (Shelby Co.). Fresh Unlimited is a fruit and vegetable processor, re-packer, distributor, and logistics provider. The TCA approved a 1.035 percent, five-year Job Creation Tax Credit for this project.

Silfex, Inc., City of Springfield (Clark Co.) expects to create 400 full-time positions, generating $20.7 million in new annual payroll as a result of the company’s new project in the City of Springfield (Clark Co.). Silfex provides custom silicon components and assemblies for technology markets. The TCA approved a 2.037 percent, 12-year Job Creation Tax Credit for this project.

SOUTHWEST

Workstream Inc., City of Fairfield (Butler Co.) expects to create 45 full-time positions, generating $1.4 million in new annual payroll and retaining $4.5 million in existing payroll as a result of the company’s new project in the City of Fairfield (Butler Co.). Workstream designs and manufactures office furniture for the commercial, educational, financial, and healthcare markets. The TCA approved a .93 percent, five-year Job Creation Tax Credit for this project.

Amazon.com.dedc, LLC, City of Monroe (Warren Co.) expects to create 1,000 full-time positions, generating $26.7 million in new annual payroll as a result of the company’s new project in the City of Monroe (Warren Co.). Amazon.com.dedc is an electronic commerce company. The TCA approved a 1.391 percent, 10-year Job Creation Tax Credit for this project.

Beach Communications, LLC, Anderson Township (Hamilton Co.) expects to create 15 full-time positions, generating $900,000 in new annual payroll and retaining $853,890 in existing payroll as a result of the company’s acquisition project in Anderson Township (Hamilton Co.). Beach Communications provides computer processing services, data hosting and cloud solutions, along with general IT support. The TCA approved a 1.2 percent, six-year Job Creation Tax Credit for this project.

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