Germany-Based VEGA Expands Mason, Ohio, Operations
02/19/2024
The investment will include a 120,000-square-foot addition at the company’s North American headquarters, located at the Mason R&D Park, and will enable VEGA to domestically produce electronic components it currently imports. The expansion is scheduled for completion in the third quarter of 2025.
"Eliminating overseas shipping of components reduces our carbon footprint and puts us in a good position to achieve our corporate objective of becoming carbon neutral by 2033, as sustainability is a core operational value for VEGA," said John Groom, CEO of VEGA Americas. "It is important for us to continue to invest in our production capabilities to bolster our U.S. supply chain. We've planned our campus together with the City of Mason to position VEGA for this type of strategically driven growth at an accelerated pace."
The project is being supported by a $75,000 JobsOhio Grant and a CRA Tax Abatement expansion from the City of Mason.
"VEGA Americas is an innovative technology and services company and a strong Ohio partner," noted JobsOhio President and CEO J.P. Nauseef. "The decision to expand its U.S. headquarters means 31 new jobs for hardworking Ohioans and deepens the state's industrial sensor and measurement system manufacturing expertise."
"VEGA Americas' expansion in Mason, Ohio, is a testament to our region's robust support ecosystem for businesses to locate and expand," added Kimm Lauterbach, president and CEO of REDI Cincinnati. "With nearly 3,000 sites and a workforce of 117,000, the advanced manufacturing sector continues to show strength, experiencing 6% job growth from 2017 to 2022, surpassing the national average of 4%."
"While this may seem like a traditional economic development announcement on the surface, this investment is much more," said Mason Director of Economic Development Michele Blair. "Our four-year friendship and partnership with VEGA is collaborative and creative and the results are visible."
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