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.

Port Authority Celebrates Award-Winning SBDC Member

(Wilmington, Ohio) The Clinton County Port Authority is pleased to congratulate David Riggs, Director of the SBDC at Miami Regionals, for being named Ohio’s SBDC State Star in 2021.

America’s SBDC, the national association that represents the nationwide network of Small Business Development Centers (SBDCs), annually recognizes one outstanding SBDC employee from each of its 62 members. This outstanding employee exhibits exemplary performance, makes a significant contribution to their state or regional SBDC program, and shows a strong commitment to small business. Using a peer-based selection process, the Ohio SBDC network selected David Riggs for Ohio’s SBDC State Star.

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Tiffin Foundry and Machine to invest in new machinery and equipment

Tiffin Foundry and Machine has announced it will purchase new machinery and hire more staff with assistance from a $50,000 JobsOhio Inclusion Grant. Tiffin Foundry has eight employees in Tiffin, and has an additional operation in North Ridgeville, Ohio.

JobsOhio’s grant, secured with assistance from the Regional Growth Partnership, will support a planned $321,923 in machinery and equipment upgrades and three new jobs. In addition, Tiffin Foundry and Machine worked with Tiffin-Seneca Economic Partnership and OhioMeansJobs – Seneca County on other potential incentives to support the company’s growth.

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