G-Tekt North America To Establish R&D Center in Dublin, Ohio
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.
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