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.