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Firms invest $152M, create 700 jobs in Ohio

December 8, 2013
From staff reports , The Herald-Star

COLUMBUS - Gov. John R. Kasich recently announced the approval of assistance for 11 projects set to create 733 jobs and retain 310 jobs statewide.

During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $35 million in new payroll, and spur more than $152 million in investment across Ohio, according to officials.

One of those projects is in Columbiana County, Kasich officials said.

Pennex Aluminum Co. in Leetonia expects to create 65 full-time positions, generating $2.3 million and retaining $3 million in existing payroll as a result of the company's expansion project. Pennex Aluminum is an aluminum part manufacturer specializing in recycling industrial aluminum to create finished products. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.

Other projects approved by the TCA include:

- Ridge Corp. expects to create 40 full-time positions generating $1 million in additional annual payroll as a result of the company's new location project at a to-be-determined location. Ridge Corp. produces lining systems for the trailer and truck body industry. The TCA approved a 35 percent, six-year Job Creation Tax Credit for this project.

- SK Food Group doing business as SK Food Group NAHQ expects to create 253 full-time positions, generating $7.7 million in additional annual payroll as a result of the company's new location project at a to-be-determined location. SK Food Group produces food products for a variety of market segments. The TCA approved a 55 percent, 10-year Job Creation Tax Credit.

- Famous Enterprises Inc., Columbus, expects to create 20 full-time positions, generating $1 million in additional annual payroll. Famous Enterprises is a wholesaler of HVAC, plumbing, industrial and building products for the residential, commercial and institutional markets. The TCA approved a 40 percent, five-year Job Creation Tax Credit.

- Greenville Technology Inc. doing business as Moriroku Technology North America, Marysville, expects to create 50 full-time positions, generating $2.8 million in additional annual payroll and retaining $1.9 million in existing payroll. Greenville Technology is a supplier of automotive parts with advanced capabilities from product design to prototype to mass production. The TCA approved a 50 percent, eight-year Job Creation Tax Credit.

- Harris, Mackessy & Brennan Inc., Westerville, expects to create 75 full-time positions, generating $5.6 million in additional annual payroll and retaining $11.6 million in existing payroll. Harris, Mackessy & Brennan specializes in IT and technology consulting, product development and system maintenance. The TCA approved a 45 percent, seven-year Job Creation Tax Credit.

- Matalco Inc., Lordstown, expects to create 60 full-time positions, generating $4 million in additional annual payroll. Matalco is an aluminum manufacturer for the aluminum extrusion manufacturing industry. The TCA approved a 50 percent, eight-year Job Creation Tax Credit.

- Mesnac Americas Co., Akron, expects to create 35 full-time positions, generating $3.9 million in additional annual payroll. Mesnac produces equipment for the rubber and tire industry. The TCA approved a 40 percent, five-year Job Creation Tax Credit.

- AIM MRO Holdings Inc., Miami Township, expects to create 20 full-time positions, generating $1 million in additional annual payroll and retaining $2.5 million in existing payroll. AIM MRO is a full-service material management company. The TCA approved a 40 percent, five-year Job Creation Tax Credit.

- AlvaEDU, Cincinnati, expects to create 50 full-time positions, generating $3 million in additional annual payroll. AlvaEDU partners with major accredited universities internationally to build courses and materials that are mobile-friendly. The TCA approved a 45 percent, six-year Job Creation Tax Credit.

- Tom and Chee Worldwide, Cincinnati, expects to create 65 full-time positions, generating $3.5 million in additional annual payroll and retaining $215,385 in existing payroll. Tom and Chee is a franchise restaurant known for their grilled cheese sandwiches. The TCA approved a 45 percent, seven-year Job Creation Tax Credit.

 
 

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