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Statewide Investments To Create $46 Million In New Payroll

Statewide Investments To Create $46 Million In New Payroll

COLUMBUS – Today Governor John R. Kasich announced the approval of assistance for five projects set to create 835 new jobs and retain 612 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 $46 million in new payroll, and spur more than $11 million in investment across Ohio.

Projects approved by the TCA include:

NORTHWEST

Cooper-Standard Automotive Inc., City of Bowling Green (Wood Co.) expects to create 35 full-time positions, generating $1.3 million in new annual payroll and retaining $12.4 million in existing payroll as a result of the company’s expansion project in the City of Bowling Green (Wood Co.). Cooper-Standard is a global supplier of automotive systems and components. The TCA approved a 0.843 percent, five-year Job Creation Tax Credit for this project.

New Horizons Baking Company Inc., City of Toledo (Lucas Co.) expects to create 50 full-time positions, generating $1.8 million in new annual payroll and retaining $505,422 in existing payroll as a result of the company’s expansion project in the City of Toledo (Lucas Co.). New Horizons produces baked goods for the grocery and fast food industry. The TCA approved a 1.006 percent, six-year Job Creation Tax Credit for this project.

 

NORTHEAST

ExactCare Pharmacy, LLC, Village of Valley View (Cuyahoga Co.) expects to create 690 full-time positions, generating $36.4 million in new annual payroll and retaining $10.1 million in existing payroll as a result of the company’s expansion project in the Village of Valley View (Cuyahoga Co.). ExactCare is a full-service pharmacy that specializes in medication management for home-based patients. The TCA approved a 1.839 percent, nine-year Job Creation Tax Credit for this project.

Sterigenics U.S., LLC, City of Broadview Heights (Cuyahoga Co.) expects to create 30 full-time positions, generating $6 million in new annual payroll as a result of the company’s new project location in the City of Broadview Heights (Cuyahoga Co.). Sterigenics provides contract sterilization services. The TCA approved a 1.920 percent, seven-year Job Creation Tax Credit for this project.

SOUTHEAST

ElectroCraft Ohio, Inc., Green Township (Gallia Co.) expects to create 30 full-time positions, generating $853,132 in new annual payroll and retaining $5.9 million in existing payroll as a result of the company’s consolidation project in Green Township (Gallia Co.). ElectroCraft Ohio specializes in application-engineered specialty fractional-horsepower motor and motion products. The TCA approved a 0.704 percent, five-year Job Creation Tax Credit for this project.