11 Companies Expected to Create 885 Jobs
COLUMBUS—Gov. John R. Kasich today announced that several economic development projects are on track to positively impact communities across the state. Adding to the long list of companies choosing to expand in Ohio or move operations here, the Ohio Tax Credit Authority (TCA) today approved eleven projects brought to them by JobsOhio, the state’s private, not-for-profit economic development entity. In all, 885 jobs are expected to be created, while 952 jobs will be retained and more than $38 million in new capital investments will be made.
Highlights from Monday’s TCA meeting include:
· Apex Industrial Technologies, LLC, a high-tech, internet-based company expects to expand operations and create 100 full-time positions that will provide robust, low-cost, and “Behind-The-Firewall” vending solutions for supplies. The project is expected to generate $6.9 million in additional annual payroll and retain $2.9 million in existing payroll. The TCA approved a 55 percent, six-year Job Creation Tax Credit for the project.
· A manufacturer of fittings for the chemical, plumbing and power tool industries, the G&G Manufacturing Co., is expected to expand operations in Cincinnati (Hamilton Co.), creating 100 full-time positions and generating $5.4 million in additional annual payroll. The TCA approved a 55 percent, seven-year Job Creation Tax Credit for the project.
· Alexander Mann Solutions Corporation is expected to add 300 full-time positions as a result of the company’s new location project in Cleveland (Cuyahoga Co.). The proposed project support clients worldwide and will establish activities around talent sourcing and recruitment/HR administrative services. The TCA approved a 65 percent, eight-year Job Creation Tax Credit for the project.
Additional Approvals by the TCA
Leyshon Miller Industries, LLC (LMI), (Location TBD) expects to create 60 full-time positions, generating $1.8 million in additional annual payroll (and retaining $1 million in existing payroll) as a result of the company’s expansion project in a to-be-determined location. LMI offers a wide range of expertise in product development, design, mechanical engineering, solid modeling, engineering analysis, rapid prototyping, and rapid production. The TCA approved a 55 percent, six-year Job Creation Tax Credit for the project.
Oxford Consulting Group, Inc., (Location TBD) is expected to create 45 full-time positions, generating $4.2 million in new annual payroll (and retaining $5.2 million in existing payroll) as a result of the company’s expansion project in a to-be-determined location. Oxford Consulting is a leading information technology consulting firm serving businesses throughout the U.S. The TCA approved a 50 percent, six-year Job Creation Tax Credit for the project.
Central Ohio
Closed Loop Refining and Recovery, Inc., City of Columbus (Franklin Co.) expects to create 55 full-time positions, generating $1.3 million in new annual payroll as a result of the company’s new location in the City of Columbus (Franklin Co.). The company plans to process old Cathod Ray Tubes (CRTs) where lead is extracted from funnel glass. The TCA approved a 40 percent, six-year Job Creation Tax Credit for the project.
Northeast Ohio
ArtiFlex Manufacturing, LLC, City of Wooster (Wayne Co.) expects to create 50 full-time positions, generating $2.2 million in additional annual payroll (and retaining $22.1 million in existing payroll) as a result of the company’s expansion project in the City of Wooster (Wayne Co.). Artiflex is a joint venture between the Gerstenslager Company (a subsidiary of Worthington Industries) and International Tooling Solutions, LLC (ITS). ArtiFlex will offer an integrated solution for engineering, tooling, stamping, and assembly. The TCA approved a 50 percent, six-year Job Creation Tax Credit for the project.
Plasticolors, Inc., City of Ashtabula (Ashtabula Co.) expects to create 50 full-time positions, generating $1.7 million in additional annual payroll (and retaining $7.5 million in existing payroll) as a result of the company’s expansion project in the City of Ashtabula (Ashtabula Co.). Plasticolors provides pigment dispersions, chemical dispersions, and additives to the thermoset plastics, paint, and coatings industries in the United States and internationally. The company serves customers in the automotive, appliance, equipment, electrical, consumer, and construction industries. The TCA approved a 50 percent, six-year Job Creation Tax Credit for the project.
Valtronic Technologies (USA) Inc., City of Solon (Cuyahoga Co.) is expected to create 50 full-time positions, generating $2.3 million in additional annual payroll (and retaining $4.1 million in existing payroll) as a result of the company’s expansion project in the City of Solon (Cuyahoga Co.). This company works in the development and production of micro-electronics, mechanical parts, and complex systems. The TCA approved a 45 percent, five-year Job Creation Tax Credit for the project.
Western Ohio
JJR Solutions, LLC, City of Beavercreek (Greene Co.) expects to create 25 full-time positions, generating $1.4 million in additional annual payroll (and retaining $1 million in existing payroll) as a result of the company’s expansion project in the City of Beavercreek (Greene Co.). JJR Solutions, a Service Disabled Veteran Owned Small Business (SDVOSB), focuses on delivering solutions, products, and services in the form of Information Technology to the federal government and commercial organizations. The TCA approved a 45 percent, five-year Job Creation Tax Credit for the project.
Total Quality Logistics, LLC, City of Centerville (Montgomery Co.) is expected to create 50 full-time positions, generating $1.9 million in new annual payroll (and retaining $1.1 million in existing payroll) as a result of the company’s expansion project in the City of Centerville (Montgomery Co.). Total Quality Logistics is the nation’s third largest freight brokerage firm. Founded in Cincinnati, the company works with companies nationwide to facilitate freight movements. The TCA approved a 45 percent, six-year Job Creation Tax Credit for the project.
