LSI Industries Expands Operations in Blue Ash, Ohio
05/01/2019
“We are pleased to be expanding our team in Blue Ash,” said Jim Clark, CEO of LSI Industries. “The strength of our manufacturing operations as well as strategic initiatives centered on energy-saving and brand-building solutions for our national customer base, have positioned us to bring additional resources into the organization to support continued growth.”
“The sizeable talent pool combined with the new tax incentive makes Greater Cincinnati an attractive place to focus that development, and we’re proud to continue our long relationship with the community,” he added.
The company will add 50 jobs to its assembly operation and executive team, with a total new payroll of more than $1.3 million. As an incentive, the state of Ohio approved a Job Creation Tax Credit for the project, with a rate at .883% for a term of five years.
“We’re excited to partner with LSI Industries and welcome their continued investment in Greater Cincinnati,” said Kimm Lauterbach, President & CEO of Regional Economic Development Initiative Cincinnati . “This project is a testament to the region’s competitive advantage in delivering talent and affordability to manufacturers like LSI Industries.”
“LSI Industries’ decision to choose Ohio for this expansion speaks to Southwest Ohio’s manufacturing strength,” said Glenn Richardson, JobsOhio Managing Director for Advanced Manufacturing. “We welcome the LSI Industries growth in Blue Ash and the 50 new jobs it will bring to support customer demand for its high-quality lighting and graphics systems.”
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