Columbus –The Ohio Tax Credit Authority has approved Job Creation Tax Credits for 16 businesses involved in projects that, if located in Ohio, are expected to create 1,681 jobs and retain 1,641 positions for Ohioans.
Cleveland Range LLC has been awarded a 50 percent job creation tax credit for a six-year term as a result of the company’s project in the City of Cleveland (Cuyahoga County). The value of the tax credit is estimated at $160,000 over the term, and the company would be required to maintain operations at the project site for at least nine years. Cleveland Range is a leading manufacturer and designer of steam cooking equipment, marketed to hospitals, school systems, restaurants, stadiums, and other commercial food service preparation facilities. The company, which started in Cleveland, specializes in stainless steel construction and has received the Best in Class award for its steamer ovens for the past nine years. The more than $650,000 project is expected to create 80 jobs and retain 218 positions.
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Concept Imaging Group, Inc. has been awarded a 35 percent job creation tax credit for a five-year term as a result of the company’s project in the City of Springboro (Warren County). The value of the tax credit is estimated at $3,762 over the term and the company would be required to maintain operations at the project site for at least eight years. Concept Imaging Group focuses on design and digital printing, digital imaging, and pre-press services of promotional and merchandising materials. This more than $4.8 million project is expected to create 30 jobs and retain 44 positions.
Eurostampa North America has been awarded a 45 percent job creation tax credit for a six-year term as a result of the company’s project in the City of Cincinnati (Hamilton County). The value of the tax credit is estimated at $301,417 over the term and the company would be required to maintain operations at the project site for at least nine years. Eurostampa is a commercial printer, producing high-quality wet glue labels for wines, spirits, mineral water, and chocolates industries. This $7.2 million project is expected to create 24 jobs and retain 49 positions.
Evenflo Company, Inc. has been awarded a 45 percent job creation tax credit for a five year term as a result of the company’s project in the City of Piqua (Miami County). The value of the tax credit is estimated at $82,787 over the term, and the company would be required to maintain operations at the project site for at least eight years. Evenflo is a manufacturer and marketer of infant and juvenile products, including car seats, strollers, playtime products, safety gates, and infant feeding products. This $1.5 million project is expected to create 50 jobs and retain 357 positions.
InterGroup International, Ltd. has been awarded a 45 percent job creation tax credit for a five-year term as a result of the company’s project in the City of Euclid (Cuyahoga County). The value of the tax credit is estimated at $65,000 over the term, and the company would be required to maintain operations at the site for at least eight years. InterGroup International manufactures plastic resins from post-industrial plastic scrap waste, and sells thermoplastic vinyl and metal-nylon boards. This $2 million project is expected to create 42 jobs and retain 8 positions.
La Senza, Inc. has been awarded a 50 percent job creation tax credit for a six-year term as a result of the company’s project in the City of Columbus (Franklin County). The value of the tax credit is estimated at $567,217 over the term, and the company would be required to maintain operations at the project site for at least nine years. La Senza was purchased by Limited Brands in 2007 and is a lingerie business manufacturing and distributing woman’s clothing including lingerie, sleepwear, and related products. This $431,000 project is expected to create 80 jobs.
Links Unlimited, Inc. has been awarded a 45 percent job creation tax credit for a five-year term as a result of the company’s project at a site to be determined in Hamilton County. The value of the tax credit is estimated at $67,852 and the company would be required to maintain operations at the project site for at least eight years. Links Unlimited brands golf merchandise and sells to the corporate promotions industry. Since 1996, the company has grown to represent more than 200 manufacturers, and provides warehouse and fulfillment services to 54 countries focusing on sporting goods, electronics, and apparel. This $3.5 million project is expected to create 12 jobs and retain 29 positions.
MANE, Inc. has been awarded a 50 percent job creation tax credit for a seven-year term as a result of the company’s project in the City of Lebanon (Warren County). The value of the tax credit is estimated at $154,519 over the term, and the company would be required to maintain operations at the project site for at least 10 years. MANE manufactures seasonings and flavorings for both food and beverage products. The privately owned company’s customer base includes Wrigley’s, Snyder’s of Hanover, and Lance. This nearly $17.5 million project is expected to create 30 jobs and expected to retain 65 positions.
NCI Group, Inc. has been awarded a 50 percent job creation tax credit for a six-year term as a result of the company’s project in the City of Middletown (Butler County). The value of the tax credit is estimated at $197,675 over the term, and the company would be required to maintain operations at the project site for at least nine years. NCI is a non-residential metal building manufacturer that provides metal coating services. NCI is owned by parent company, NCI Building Systems, which is publicly traded on the New York Stock Exchange. This more than $12.7 million project is expected to create 74 jobs.
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The Procter & Gamble Company has been awarded a 65 percent job creation tax credit and a 65 percent job retention tax credit for a 10-year term as a result of the company’s project in the City of Cincinnati (Hamilton County). The value of the job creation tax credit is estimated at $4,726,185 over the term and the value of the job retention tax credit is $13,311,699 over the term. The company would be required to maintain operations at the project site for at least 13 years. Procter and Gamble was founded in 1837 and is widely credited for the conceptual development of brand management, currently boasting brands including Bounty, Crest, Downy, Gillette, Old Spice, Puffs, Vicks, and many more. The company is traded on the New York Stock Exchange under the ticker symbol PG. This $20 million project is expected to create 336 jobs and retain 562 positions.
Railtech Boutet, Inc. has been awarded a 45 percent job creation tax credit for a six-year term as a result of the company’s project in the Liberty Township (Henry County). The value of the tax credit is estimated at $116,134 over the term, and the company would be required to maintain operations at the project site for at least nine years. Railtech is an Ohio corporation and a manufacturer and supplier of maintenance equipment for railroads and transit systems domestically and internationally. The company was established to consolidate the worldwide railway activity of its parent company, Delachaux S.A. Groups. This more than $1.4 million project is expected to create 33 positions and retain 28 positions.
Rudd Equipment Company has been awarded a 45 percent job creation tax credit for a six-year term as a result of the company’s project in the City of Sharonville (Hamilton County). The value of the tax credit is estimated at $112,186 over the term, and the company would be required to maintain operations at the project site for at least nine years. Founded in 1952, Rudd Equipment is a distributor of construction and mining equipment. Rudd is a privately held company, including 10 full-service branches covering six states. This $3 million project is expected to create 30 jobs.
Theken Spine, LLC has been awarded a 55 percent job creation tax credit for a seven-year term as a result of the company’s project in the City of Akron (Summit County). The value of the tax credit is estimated at $1,851,692 over the term, and the company would be required to maintain operations at the project site for at least 10 years. Theken designs, develops, manufactures, and distributes a full range of spinal fixation products and devices. This $2.9 million project is expected to create 199 jobs.
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US Endoscopy has been awarded a 50 percent job creation tax credit for a seven-year term as a result of the company’s project in the City of Mentor (Lake County). The value of the tax credit is estimated at $555,000 over the term, and the company would be required to maintain operations at the project site for at least 10 years. US Endoscopy is a family-owned company that designs and manufactures a full line of products for bronchoscopy, gastroscopy, enteroscopy, colonoscopy, and laparoscopy procedures. This $4 million project is expected to create 150 jobs and retain 281 positions.
Whirlpool Corporation has been awarded a 55 percent job creation tax credit for a seven-year term as a result of the company’s expansion in the Village of Ottawa (Putnam County). The value of the tax credit is estimated at $820,961 over the term, and the company would be required to maintain operations at the project site for at least 10 years. Whirlpool is the world’s largest manufacturer and marketer of major household appliances. The Ottawa, Ohio Division has been in existence for more than 55 years and is the largest employer in Putnam County. This nearly $4.4 million project is expected to create 324 jobs.
Wilmer, Cutler, Pickering, Hale, and Door, LLP (WilmerHale) has been awarded a 65 percent job creation tax credit for an eight-year term as a result of the company’s project in the City of Kettering (Montgomery County). The value of the tax credit is estimated at $1,456,570 over the term, and the company would be required to maintain operations at the project site for at least 11 years. WilmerHale has more than 1,000 lawyers, with offices in 12 cities in the United States, Europe, and Asia. WilmerHale provides legal representation across a comprehensive range of practice areas that are critical to the success of its clients. This $3.4 million project is expected to create 187 jobs.
The Ohio Tax Credit Authority is a five-member independent board consisting of taxation and economic development professionals from throughout the state that is responsible for reviewing and approving applications for state tax credit assistance. The Authority also has oversight responsibilities that include monitoring and reporting the progress of approved tax credit projects. The Ohio Tax Credit Authority’s approval of incentives indicates the state’s commitment to the company, and precedes a final decision of the company to accept or decline the tax incentives approved.
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