Eight projects were approved by Ohio Governor Mike DeWine and Lieutenant Governor Jon Husted, resulting in the creation of 1,664 new jobs and the retention of 2,201 jobs statewide.
The Ohio Tax Credit Authority (TCA) met monthly to discuss economic development projects proposed by JobsOhio and its affiliates around the state. Over $185 million will be invested across Ohio, and over $138 million will be added to the existing payroll as a consequence of these projects.
In the city of Columbus (Franklin County), where Gifthealth, Inc. has an expansion project underway, the anticipated outcome is the creation of 751 FTE jobs and the generation of over $56.4 million in additional yearly payroll.
Products and services offered by Gifthealth, a health information technology business, are primarily aimed at the pharmacy and prescription delivery industries. One component of the planned initiative is the acquisition of a distribution facility for novel gastrointestinal pharmaceutical medicine. A Job Creation Tax Credit of 1.977% for 10 years was granted to this project by TCA.
As a consequence of their expansion project in Grove City and Columbus, Welspun USA, Inc. anticipates creating 70 FTE jobs and bringing in $5.12 million in additional yearly payroll in Franklin County. For 35 years, prominent retailers have relied on Welspun USA, a manufacturer and distributor of home textiles.
As part of the planned renovation, they will transform their current Grove City location from a distribution center into a production facility. To fund this endeavor, TCA granted a Job Creation Tax Credit of 1.434% for eight years.
N. Camaco, LLC. The growth project in Lorain is anticipated to create 104 FTE jobs and generate over $5.2 million in additional yearly payroll for the company, which is a Delaware limited liability company based in Lorain County. The North American automobile market relies on Camacho, an independent provider of seat frame constructions, for their needs.
The company’s new contracts have allowed them to boost their production capacity, which is why the acquisition of a new facility is part of the proposed project. This project was approved for a Job Creation Tax Credit of 1.325 percent with an eight-year term by TCA.
Willard, a city in Huron County, is set to welcome 100 FTEs and $4.4 million in additional yearly payroll thanks to an expansion initiative by LSC Communications Book LLC and LSC Communications LLC (Lakeside Book).
Serving the trade, government, healthcare, industrial catalog, and education markets, Lakeside Book offers publishers complete solutions for book printing, binding, and distribution. As part of the planned expansion, the corporation would be able to house workers who are moving in from a plant in another state. For this project, TCA has authorized a Job Creation Tax Credit of 1.25% for seven years.
Wooster, a community in Wayne County, is set to welcome 53 new full-time equivalent jobs and over $2.9 million in additional yearly payroll thanks to Seaman Corporation’s expansion project. Roofing systems, geomembrane liners, truck tarps, architectural constructions, recreational products, and a whole lot more are all made possible by the remarkable high-performance fabrics developed and produced by Seaman Corp.
In order to meet the rising demand for the company’s pioneering fabric and membrane products, the expansion of the current headquarters in Ohio is part of the planned project. A seven-year Job Creation Tax Credit of 1.188% was approved by TCA for this project.
CENTRAL WEST
Mason, a city in Warren County and home to AtriCure, Inc., is set to gain 400 FTEs and over $54.9 million in additional yearly payroll thanks to the company’s expansion initiative. Management of left atrial appendage (LAA) issues, postoperative discomfort, and atrial fibrillation (Afib) are all areas where AtriCure has pioneered surgical treatments and therapies.
Due to rising demand for their expanded product offerings, the proposed project involves extending their existing space in Southwest Ohio to accommodate extra engineering, manufacturing, and storage capabilities. This project was granted a 12-year Job Creation Tax Credit by TCA, with a rate of 2.181%.
Mason, a city in Warren County, is set to welcome 29 new full-time equivalent jobs and $2.79 million in additional yearly payroll thanks to an expansion project by Mira Precision Health, Inc. (Mobility Health). As a health diagnostics company, Mobility Health’s mission is to improve public health through the use of fast, accurate testing for infectious diseases.
Molecular testing and laboratory space conversion from an existing office floor is part of the planned project. The renovation supports new partner contracts with pharmacy networks and state departments of health, necessitating the expansion of more lab space for added capacity. TCA approved a 1.359%, seven-year Job Creation Tax Credit for this project.
Topre America Corporation, city of Springfield (Clark County) expects to create 157 full-time-equivalent positions, generating more than $6.9 million in new annual payroll as a result of the company’s expansion project in Springfield.
Topre uses metal press forming technology to supply a variety of high-performance components and products to many industries, including automobiles, temperature-controlled logistics, air conditioning systems, and electronic equipment.
The proposed project includes expanding an existing Springfield facility by adding hot and cold stamping machines and more presses to support a new contract within the EV industry. TCA approved a 1.274%, eight-year Job Creation Tax Credit for this project.
