Treves to Bring 91 Jobs to Fostoria

Mar 23, 2018 | News

By Lou Wilin.
The Review Times.

Treves, a maker of noise-reducing parts for cars, won a state tax credit to create 91 jobs in Fostoria, paying an average of $37,362 per year. The company based in Paris, France will move into a 40,000-square-foot spec building constructed last summer at Fostoria Industrial Park.

Treves is tentatively planning to start operations in April at the 615 S. Corporate Drive site, said Renee Smith, president of Fostoria Economic Development Corp. It will start with fewer than 91 employees, Smith said. To get the full payroll tax credit, worth up to $3.4 million over seven years, Treves must create 91 jobs by year-end 2020. The tax credit was approved Monday by the Ohio Tax Credit Authority.

In luring Treves, Fostoria beat competition from Alabama, Michigan and Mexico, the state Development Services Agency reported.
“Obviously we are very excited about this. This was our goal when we constructed the spec building,” Smith said.

Smith and other Fostoria economic development officials did not know who the building user would be when they secured a $1.2 million loan in 2016 from the city’s Revolving Loan Fund to finance the building. But over the past eight months it became increasingly clear that Treves was a fit.

“They were obviously looking for an existing building. They wanted a Midwest presence,” Smith said. “Workforce is always a concern. We have had multiple conversations with the company about that. They had several community visits. We met with them several times. They seemed to really like the community and the building.”

The building was constructed as a shell so any company moving in could customize the facility to fit its needs. In addition to the 40,000 square-foot building, the site is also expandable by another 60,000 square feet. On Nov. 22 FEDC finalized the sale of the building to FleetOhio, LLC. who will own the building and will be finishing the building construction over the next few months. They have a signed long-term lease agreement with the Treves.

Treves’ customers include General Motors, Ford, Fiat Chrysler Automobiles and BMW. Treves specializes in noise-reducing barriers and carpeting for vehicles.

Roseville Officials Invest $7M to Revive Village, Offer New Business Opportunities

ROSEVILLE – Nearly a decade of grant-funded projects are transforming the village of Roseville.

Few will have the impact of a the new supermarket building. “It will be the centerpiece of a new downtown,” said Heidi Milner, the village’s fiscal officer.

It is nearing completion on part of the former Ungemach Pottery site on Potters Lane. Construction was funded by $750,000 in grants, the bulk of which was a USDA Rural Development Grant, and local investment. The new building features a grocery store, restaurant space and a walk-up window that could be used for ice cream orders. Garage doors on each side of the dining area will give it a pleasant summer atmosphere, as will a patio behind the building that opens facing the levy.

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Clinton County Port Authority Launches New Website

WILMINGTON, OH — The Clinton County Port Authority (CCPA) recently launched a new website, created by Golden Shovel Agency, to further strengthen its online presence and the economic growth of the community. The new site includes county-wide data, information specifically collected for site selectors, and local business resources to serve as a one-stop-shop for companies considering new investment or expansion in Clinton County.

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