G-Tekt North America To Establish R&D Center in Dublin, Ohio
Area Development Online News Desk (08/27/2013)
An auto component manufacturer, Japan-based G-Tekt North America Corp., plans to establish its North American research and development center in Dublin Ohio, with estimates of creating 77 jobs by the end of 2014. According to city officials, the firm plans to acquire and renovate a 30,000 square foot building in the city.
The North American subsidiary of the Japanese firm was established in April to support auto production. The Dublin location will serve as a research and development facility for design and development of parts and manufacturing equipment for automobile producers. Dublin officials said “due to increasing growth, the corporate expectation is for G-Tekt North America to be the global auto body frame component manufacturer with strong R&D capability.”
As an incentive Dublin officials offered the firm a $30,000 location grant tied to the purchase and renovation of a local plant facility. The company was also offered the company a 5-year, 12 percent, performance incentive on collected withholdings, with annual targets and a $69,000 cap to qualify. City officials will consider the incentive package, at a second hearing, on Sept. 9. Earlier this year the Ohio Tax Authority also provided the firm with tax incentives.