Columbus, Ohio – The Ohio Tax Credit Authority has approved Job Creation Tax Credits for 12 businesses involved in projects that, if expanded or located in Ohio, are expected to create 679 jobs and retain 3,191 positions for Ohioans.
Celartia, Ltd. has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company’s project in the City of Dublin or the City of Hilliard (Franklin County). The value of the tax credit is estimated at $122,677 over the term, and the company would be required to maintain operations at the project site for nine years. Celartia designs and manufactures laboratory equipment for cell culture, which is the science and art of growing human, animal, and plant cells in a laboratory environment. This project includes the lease and renovation of an existing facility. The more than $390,000 project is expected to create 19 jobs.
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Chase Brass and Copper Company, LLC has been awarded a 50 percent Job Creation Tax Credit for a six-year term as a result of the company’s expansion project in the Village of Holiday City (Williams County). The value of the tax credit is estimated at $122,543 over the term, and the company would be required to maintain operations at the project site for nine years. Founded in 1837, Chase Brass and Copper Company manufactures and sells copper and copper parts. The company also operates A.J. Oster, the leading service center and distributor of brass and copper products in North America. This project will enable the company to produce both lead products and “no lead low-lead” in the same building. The more than $10.6 million project is expected to create 25 jobs and retain 272 positions.
DimcoGray Corporation has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company’s expansion project in the City of Centerville (Montgomery County). The value of the tax credit is estimated at $70,566 over the term, and the company would be required to maintain operations at the project site for nine years. Founded in 1924, DimcoGray is 100 percent employee owned and specializes in the supply of commercial and industrial knobs and handles. This project includes the renovation of an existing facility and the purchase of additional machinery and equipment. The nearly $322,000 project is expected to create 33 jobs and retain 50 positions.
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Eagle Specialty Vehicles, LLC has been awarded a 50 percent Job Creation Tax Credit for a six-year term as a result of the company’s consolidation project in Pierce Township (Clermont County). The value of the tax credit is estimated at $82,298 over the term, and the company would be required to maintain operations at the project site for nine years. Eagle Specialty Vehicles is a manufacturer of funeral coaches and first call vans for the funeral industry. This project includes the purchase of machinery and equipment, and the renovation of an existing facility which will incorporate the operations of Federal Coach services. The more than $774,000 project is expected to create 30 jobs and retain 64 positions.
Fusion Alliance Technologies East, LLC has been awarded a 55 percent Job Creation Tax Credit for a seven-year term as a result of the company’s consolidation project in the City of Blue Ash (Hamilton County). The value of the tax credit is estimated at $1,118,159 over the term, and the company would be required to maintain operations at the project site for 10 years. Fusion is a full-service information technology solutions provider that develops software and website solutions in areas of interactive technologies, applications development, technology infrastructure, and software development. This project includes the expansion of the current location as a result of growth in demand. The $313,000 project is expected to create 95 jobs and retain 27 positions.
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Keystone Foods has been awarded a 50 percent Job Creation Tax Credit for a six-year term as a result of the company’s project in the Greater Cincinnati area. The value of the tax credit is estimated at $760,149 over the term, and the company would be required to maintain operations at the project site for nine years. Keystone Foods is a leading manufacturer and distributor of protein products to the quick-serve restaurant industry. This project involves a long-term lease of a 200,000-square-foot facility to house processing and distribution operations. The more than $10.7 million project is expected to create 239 jobs.
Libbey Inc. has been awarded a 40 percent Job Creation Tax Credit for a six-year term as a result of the company’s expansion project in the City of Toledo (Lucas County). The value of the tax credit is estimated at $82,567 over the term, and the company would be required to maintain operations at the project site for nine years. Founded in 1818, Libbey, Inc. is the leading producer of glass tableware products in the Western Hemisphere and has the largest manufacturing, distribution, and service network among North American glass tableware manufacturers. This project includes the renovation of the existing building, and the purchase of new machinery and equipment. The $10 million project is expected to create 50 jobs and retain 1,246 positions.
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Mold Masters International, Inc. has been awarded a 40 percent Job Creation Tax Credit for a five-year term as a result of the company’s expansion project in the City of Mentor (Lake County). The value of the tax credit is estimated at $68,064 over the term, and the company would be required to maintain operations at the project site for eight years. Mold Masters manufactures precision three-dimensional tooling used in the production of wax and plastic patterns for airfoil blades, vanes, and nozzles for jet turbine engines; as well as medical and surgical applications. This project includes the lease of the current facility to house new models of machinery to increase manufacturing capacity. The $2.7 million project is expected to create 41 jobs and retain 170 positions.
Nissin Brake Ohio, Inc. has been awarded a 40 percent Job Creation Tax Credit for a five-year term as a result of the company’s expansion project in the City of Findlay (Hancock County). The value of the tax credit is estimated at $229,183 over the term, and the company would be required to maintain operations at the project site for eight years. Nissin Brake is a producer of aluminum casting and brake system products for automotive and non-automotive use. This project includes the purchase of machinery and equipment needed to make highly functional automotive modulators and component parts. The $19.4 million project is expected to create 37 jobs and retain 643 positions.
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Orlando Baking Company has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company’s expansion project in the City of Cleveland (Cuyahoga County). The value of the tax credit is estimated at $109,543 over the term, and the company would be required to maintain operations at the project site for nine years. Orlando Baking is a family organization that bakes fresh breads and rolls for distribution directly to grocery stores and restaurants. This project includes the renovation of their bakery and office building. The $1 million project is expected to create 30 jobs and retain 350 positions.
Siligan Plastics Corporation has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company’s expansion project in the Village of Ottawa (Putnam County). The value of the tax credit is estimated at $180,536 over the term, and the company would be required to maintain operations at the project site for nine years. Siligan Plastics is a leading manufacturer of customer designed, high-density plastic containers with a comprehensive array of molding and decorating capabilities for the personal care market. This project includes the expansion of the current 270,000-square-foot facility. The $11.1 million project is expected to create 30 jobs and retain 146 positions.
VR Waverly, Inc. has been awarded a 45 percent Job Creation Tax Credit for a five-year term as a result of the company’s expansion project in the City of Waverly (Pike County). The value of the tax credit is estimated at $207,313 over the term, and the company would be required to maintain operations at the project site for eight years. VR Waverly designs and manufactures metal stampings, modular welded assemblies, and heat shields for thermal applications, and is a mechanical Tier-one supplier to major automobile manufacturers. This project includes the expansion of the current facility to include the press room, which will house a 1,200-ton transfer press. The more than $2.5 million project is expected to create 50 jobs and retain 223 positions.
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