VEGA & Valeo expanding in Hamilton & Cincinnati - Cincinnati News, FOX19-WXIX TV

Two manufacturers expanding in Ohio

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On Monday, Gov. John R. Kasich announced the approval of assistance for 10 projects set to create more than 1,100 jobs and retain 21,264 jobs statewide.

During the Ohio Tax Credit Authority's (TCA) monthly meeting, it reviewed economic development proposals brought to the board by JobsOhio and its regional partners.

Locally, Butler County is set to welcome more jobs to Valeo Climate Control.

Valeo expects to create 105 full-time positions generating $4.3 million in additional annual payroll and retaining $5.5 million in existing payroll as result of the company's expansion project in the City of Hamilton.

Valeo is a global automotive supplier that's been in Hamilton since 1997. The TCA approved a 55 percent, seven-year Job Creation Tax Credit for this project.

VEGA Americas expects to create 30 full-time positions generating $1.5 million in additional annual payroll and retaining $14.4 million in existing payroll as a result of the company's expansion project in Cincinnati .

VEGA offers a product line of level, density, weight and pressure measurement solutions. The TCA approved a 40 percent, seven-year Job Creation Tax Credit for this project. 

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