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Ten Firms Create An Estimated 846 Jobs With Ohio Tax Credit Authority Funding Assistance

Area Development Online News Desk (10/29/2013)
Ten firms will invest $58 million and create an estimated 846 jobs, throughout the Buckeye State, after receiving Ohio Tax Credit Authority’s Jobs Ohio funding assistance.

According to Gov. John R. Kasich’s Office projects approved by the TCA include:

In Brimfield Township, Bang Printing of Ohio, doing business as Hess Print Solutions, expects to create 100 full-time positions in Portage County. The firm plans to generate $3.5 million in additional annual payroll as a result of its expansion project. Bang Printing prints education workbooks, catalogs, promotional materials, programs and magazines. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project.

In Westerville, Cheryl & Company expects to create 92 full-time positions, generating $2.9 million in additional annual payroll, as a result of the company’s expansion project in Delaware County. Cheryl & Co. features gourmet cookies, baked goods and desserts. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.

In the Village of Evendale, The General Electric Company expects to retain 5,000 full time positions, and $140 million in existing payroll, as a result of the Job Retention Tax Credit restructuring plan to stabilize General Electric’s presence in Ohio. General Electric is a producer of large and small jet engines for commercial and military aircraft and also supplies aircraft derived engines for marine applications. The TCA approved a 50 percent, 11-year Job Retention Tax Credit for this project.

In Brookfield Township, JW Measurement Company, expects to create 150 full-time positions, generating $6.8 million in additional annual payroll, as a result of the company’s new location project in Trumbull County. JW Measurement offers engineered gas measurement equipment, supplies and services to the oil and natural gas industry. The TCA approved a 55 percent, seven-year Job Creation Tax Credit for this project.

In Solon, Ohio, Nestle USA, Inc. and approved affiliates expect to create 250 full-time positions, generating $21.8 million in additional annual payroll, as a result of the company’s new location project in Cuyahoga County. Nestle produces food based on nutrition, health and wellness needs. The TCA approved a 65 percent, 10-year Job Creation Tax Credit for this project.

In Toledo, Owens Corning and approved affiliates, expects to create 50 full-time positions, generating $1.8 million in additional annual payroll, as a result of the company’s retention project in Lucas County. Owens Corning is a innovator of glass fiber technology. The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.

In Mason, PQ Shelters, Inc, expects to create 100 full-time positions, generating $4.2 million in additional annual payroll, as a result of the company’s new location project in Warren County. PQ Shelters, a subsidiary of The Armor Group, Inc., manufactures fabricated shelter and enclosure products. The TCA approved a 50 percent, six-year Job Creation Tax Credit for this project.

In Massillon, Quest Specialty Coatings, expects to create 25 full-time positions, generating $895,000 in additional annual payroll, as a result of the company’s expansion project in Stark County. Quest manufactures and markets paints, primers, hardeners, clear coats and reducers used primarily in the aftermarket auto industry. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project.

In Cleveland, Siemens Medical Solutions USA, expects to create 20 full-time positions, generating $2.6 million in additional annual payroll, as a result of the company’s new location project in Cuyahoga County. Siemens is one of the world’s largest suppliers to the healthcare industry. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.

In Heath, Ohio, Xperion Energy & Environment USA expects to create 59 full-time positions, generating $2 million in additional annual payroll, as a result of the company’s project in Licking County. Xperion is a subsidiary of Avanco GmbH, a global company serving customers in the fields of industry, energy and environment and aerospace. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.


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