| Tax breaks to create local jobs |
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| Written by PETER KUEBECK Sentinel Staff Writer |
| Thursday, 28 June 2012 10:09 |
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The State of Ohio has issued tax credits to two businesses expected to bring more than 100 full-time jobs to the county. They are among 12 projects planned to create 841 jobs and retain 2,093 more in the state, announced by the Ohio Tax Credit Authority this week. The tax packages, coming through JobsOhio and its regional partners, expect to invest $128 million in the ventures, and generate $42 million in new payroll. Calphalon Corporation, which focuses on aluminum and stainless steel cookware, and which is expanding into small kitchen appliances, is looking to move into a 360,000-square-foot warehouse and distribution facility on Ohio 582, just east of Ohio 25, next to the Holland trucking hub. The operation, according to the state, would create 33 full-time jobs, generating $823,000 in annual payroll and retaining $8.5 million in existing payroll. A 45 percent, five-year Job Creation Tax Credit has been approved for the project by the TCA. Wade Gottschalk, of the Wood County Economic Development Commission, said this morning that "the building will be owned by a developer, who will lease the building to Calphalon." However Calphalon, he said, has made no official announcement as yet, "and they still have some things to work through with (Middleton Township) to make that possible." "We hope for a decision hopefully soon, I'd say within the next month." The automotive supply division of Johnson Controls, located in Northwood, is also planning an expansion at its existing plant, creating 86 full-time jobs and $2.3 million in additional payroll. Nearly $14 million in payroll is expected to be retained. Mary Kay Dodero, communications manager for Johnson Controls, said this morning that "Yes, we do plan to hire at the plant, and we're happy to bring additional jobs to the state." However, when those jobs will be coming, and also the manner of the expansion, are not clear as yet. "Our plans will depend on what Chrysler does," she said, "but we do plan to hire." |
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