$86 Million in new investments to spur local economies 

COLUMBUS – Today Governor John R. Kasich announced the approval of assistance for 13 projects set to create 1,417 jobs and retain 2,995 jobs statewide. Together the projects are expected to result in more than $57 million in new payroll, and spur approximately $86 million in investment across Ohio. During their monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. 

Projects approved by the TCA include: 

Speed FC, Inc. (Location TBD) expects to create 250 full-time positions, generating $6 million in additional annual payroll and retaining $5.5 million in existing payroll as a result of the company’s expansion project at a to-be-determined location. Speed FC provides e-commerce services including website development, fulfillment and call center services. The TCA approved a 50 percent, eight-year Job Creation Tax Credit for this project. 

SOUTHWEST OHIO 

ANC, LLC, City of Fairborn (Greene Co.) expects to create 27 full-time positions, generating $1.3 million in additional annual payroll and retaining $2 million in existing payroll as a result of the company’s acquisition project in the City of Fairborn (Greene Co.). ANC is a medical equipment manufacturer that provides engineering and manufacturing services. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project. 

Avure Technologies, Inc., City of Middletown (Butler Co.) expects to create 30 full-time positions, generating $1.9 million in additional annual payroll as a result of the company’s new location project in the City of Middletown (Butler Co.). Avure Technologies designs, manufactures, installs and provides service for high pressure machinery. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project. 

Control Concepts and Design Inc. dba E-Technologies Group, West Chester Twp. (Butler Co.) expects to create 27 full-time positions, generating $2.3 million in additional annual payroll and retaining $8 million in existing payroll as a result of the company’s expansion project in West Chester Twp. (Butler Co.). E-Technologies Group provides engineering and information technology services. The TCA approved a 45 percent, five-year Job Creation Tax Credit for this project. 

Custom Molded Products, LLC dba NB Allen, Ltd., City of Wilmington (Clinton Co.) expects to create 40 full-time positions, generating $1.2 million in additional annual payroll and retaining $4 million in existing payroll as a result of the company’s expansion project in the City of Wilmington (Clinton Co.). Custom Molded Products produces emergency, dental, automotive and home sundry items. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project. 

DealerTrack, Inc., City of Wilmington (Clinton Co.) expects to create 213 full-time positions, generating $6 million in additional annual payroll and retaining $1.4 million in existing payroll as a result of the company’s expansion project in the City of Wilmington (Clinton Co.). DealerTrack’s primary line of business will be contract scanning and vehicle title administration services. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project. 

Emery Oleochemicals LLC, City of St. Bernard (Hamilton Co.) expects to create 35 full-time positions, generating $2.7 million in additional annual payroll and retaining $21 million in existing payroll as a result of the company’s expansion project in the City of St. Bernard (Hamilton Co.). Emery Oleochemicals is a natural-based chemical producer. The TCA approved a 45 percent, five-year Job Creation Tax Credit for this project. 

Epipheo, Inc., City of Cincinnati (Hamilton Co.) expects to create 100 full-time positions, generating $5.3 million in additional annual payroll and retaining $3.4 million in existing payroll as a result of the company’s expansion project in the City of Cincinnati (Hamilton Co.). Epipheo is an internet video studio providing online marketing videos. The TCA approved a 50 percent, six-year Job Creation Tax Credit for this project. 

Praxair Distribution, Inc., City of Wilmington (Clinton Co.) expects to create 25 full-time positions, generating $1.1 million in additional annual payroll as a result of the company’s new location project in the City of Wilmington (Clinton Co.). Praxair produces and distributes high pressure atmospheric and industrial gases for industrial and medical uses. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project. 

CENTRAL OHIO 

Cellco Partnership dba Verizon Wireless, City of Hilliard (Franklin Co.) expects to create 500 full-time positions, generating $20.8 million in additional annual payroll and retaining $94.5 million in existing payroll as a result of the company’s consolidation project in the City of Hilliard (Franklin Co.).  Verizon Wireless offers wireless voice and data service. The TCA approved a 70 percent, 10-year Job Creation Tax Credit for this project. 

NORTHEAST OHIO 

Design Dynamics, Inc. dba SMC Design Dynamics, City of Twinsburg (Summit Co.) expects to create 20 full-time positions, generating $900,000 in additional annual payroll and retaining $504,000 in existing payroll as a result of the company’s expansion project in the City of Twinsburg (Summit Co.). SMC Design Dynamics is a contract manufacturer of medical devices. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project. 

Lexi-Comp, Inc. City of Hudson (Summit Co.) expects to create 30 full-time positions generating $2.7 million in additional annual payroll and retaining $12 million in existing payroll as a result of the company’s expansion project in the City of Hudson (Summit Co.). Lexi-Comp provides drug information and clinical content for the healthcare industry. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project. 

Westerman, Inc., City of Wooster (Wayne Co.) expects to create 120 full-time positions, generating $5.4 million in additional annual payroll and retaining $4 million in existing payroll as a result of the company’s expansion project in the City of Wooster (Wayne Co.) Westerman is a manufacturer of technical products for global energy, marine and industrial end markets. The TCA approved a 40 percent, seven-year Job Creation Tax Credit for this project.