$128 Million to be Invested in Projects Across Ohio

Release:

COLUMBUS – Today Gov. John R. Kasich announced the approval of 12 projects which are slated to create 841 jobs and retain 2,093 more. The Ohio Tax Credit Authority (TCA) reviewed and approved packages structured by JobsOhio and its regional partners that provide economic development incentives to companies expected to invest more than $128 million and create approximately $42 million in new payroll.

Projects approved by the TCA include:

Paycor, Inc. (Location TBD) expects to create 150 full-time positions, generating an additional $10.4 million in annual payroll and retaining $27.5 million in existing payroll as a result of their expansion to a location to-be-determined. Paycor is a full-service payroll and human resources company. The TCA approved a 65 percent, eight-year Job Creation Tax Credit for this project.

Central Ohio

Arminak & Associates Inc., City of New Albany (Franklin Co.) expects to create 50 full-time positions, generating an additional $ 2 million in annual payroll as a result of the company’s new location project in the City of New Albany (Franklin Co.). Arminak supplies packaging solutions to the cosmetic, personal care and beauty aids, cleaning product, and automotive markets. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.

Bare Escentuals Beauty, Inc., Village of Obetz (Franklin Co.) expects to create 75 full-time positions, generating an additional $2.3 million in annual payroll and retaining $8.6 million in existing payroll as a result of the company’s expansion project in the Village of Obetz (Franklin Co.). Bare Escentuals is a cosmetic company specializing in mineral-based cosmetics. The TCA approved a 45 percent, seven-year Job Creation Tax Credit for this project.

Delaware Art.com, Inc., Village of Obetz (Franklin Co.) expects to create 75 full-time positions, generating an additional $2 million in annual payroll and retaining $5.7 million in existing payroll as a result of the company’s expansion project in the Village of Obetz (Franklin Co.). Art.com is an internet retailer of wall art and custom framed art products. The TCA approved a 35 percent, five-year Job Creation Tax Credit for this project.

Northeast Ohio

Allied Machine & Engineering Corporation, City of Dover (Tuscarawas Co.) expects to create 30 full-time positions, generating an additional $1 million and retaining $19.7 million in existing payroll as a result of the company’s expansion project in the City of Dover (Tuscarawas Co.) Allied Machine is a manufacturer of precision drilling products, providing metal cutting solutions for a variety of applications. The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.

Synapse Biomedical Inc., City of Oberlin (Lorain Co.) expects to create 60 full-time positions, generating an additional $5.1 million and retaining $1.3 million in existing payroll as a result of the company’s expansion project in the City of Oberlin (Lorain Co.). Synapse Biomedical is a medical device company that sells its spinal cord injury system to hospitals worldwide. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.

Western Ohio

White Castle Distributing LLC, City of Vandalia (Montgomery Co.) expects to create 100 full-time positions, generating an additional $3.5 million in annual payroll as a result of the company’s new location project in the City of Vandalia (Montgomery Co.). This project involves the construction of a new processing plant to expand the company’s capacity. The TCA approved a 55 percent, seven-year Job Creation Tax Credit for this project.

Northwestern Ohio

Calphalon Corporation, City of Bowling Green (Wood Co.) expects to create 33 full-time positions, generating an additional $823,000 in annual payroll and retaining $8.5 million in existing payroll as a result of the company’s consolidation project in the City of Bowling Green (Wood Co.). Calphalon focuses on aluminum and stainless steel cookware, and is recently is expanding into the small kitchen appliance market. The TCA approved a 45 percent, five-year Job Creation Tax Credit for this project.

Hoover Universal, Inc., City of Northwood (Wood Co.) expects to create 86 full-time positions, generating an additional $2.3 million in annual payroll and retaining $13.8 million in existing payroll as a result of the company’s expansion project in the City of Northwood (Wood Co.). Hoover Universal manufactures and supplies a number of interior automotive products including seats, panels, and trim. The TCA approved a 60 percent, ten-year Job Creation Tax Credit for this project.

OmniSource Corporation, City of Toledo (Lucas Co.) expects to create 22 full-time positions, generating an additional $663,000 in annual payroll and retaining $9.2 million in existing payroll as a result of the company’s expansion project in the City of Toledo (Lucas Co.). OmniSource is a scrap metals recycling, brokering, and wholesaling business. The TCA approved a 35 percent, seven-year Job Creation Tax Credit for this project.

Southwestern Ohio

The E.W. Scripps Company, City of Cincinnati (Hamilton Co.) expects to create 142 full-time positions, generating an additional $11.3 million in annual payroll and retaining $18.2 million in existing payroll as a result of the company’s expansion project in the City of Cincinnati (Hamilton Co.). The E.W. Scripps is a diverse media company with interests in newspaper publishing, broadcast television stations, and syndication. The TCA approved a 60 percent, six-year Job Creation Tax Credit for this project.

H.B. Fuller Company, City of Blue Ash (Hamilton Co.) expects to create 18 full-time positions, generating an additional $960,000 in annual payroll and retaining $1.2 million in existing payroll as a result of the company’s relocation to the City of Blue Ash (Hamilton Co.). H.B. Fuller is a worldwide provider of adhesives, sealants, paints, and other specialty chemicals. The TCA approved a 35 percent, six-year Job Creation Tax Credit for this project.