Hilco Vision Plans Fairfield, Ohio, Manufacturing Complex
The company has signed a 12-year lease and plans to make significant investments immediately. Over the next few years, Hilco will establish a world-class manufacturing and warehousing operation at the site.
“We are excited to expand manufacturing capabilities and reach in the U.S., which will further enhance and expedite our ability to deliver solutions to our valued customers in the surrounding regions,” said Ken Miranda, COO of Hilco Vision. “Hilco Vision has been very pleased with the level of collaboration and support provided by the many teams that have enabled this significant transformation of our organization,” said Miranda.
Fairfield Commerce Park is a 137-acre Class A industrial park under development on Seward Road. When complete, the City expects the park to include more than 1.5 million square feet of industrial space targeted for e-commerce, general distribution, and manufacturing firms. Construction on the first two speculative industrial buildings began in 2020.
“Hilco Vision’s new operation in the city of Fairfield will be an excellent addition to the Cincinnati region’s ecosystem of advanced manufacturing companies,” said Kimm Lauterbach, President & CEO, REDI Cincinnati. “We continue to see more and more manufacturers choose the region to both make and distribute their products, thanks to the depth of talent and easy access to the rest of the country, including CVG, the sixth-largest cargo airport in the U.S. The partnership of the City of Fairfield, JobsOhio, and the Ohio Development Services Agency was instrumental in the success of this project.”
The City of Fairfield is also supporting the project with a performance-based property tax abatement and has agreed to waive building permit fees for Hilco’s tenant improvements. In addition, the Ohio Development Services Agency approved a Job Creation Tax Credit for the project today, and JobsOhio plans to provide assistance, which will be made public after a final agreement is executed.
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