12 projects to create 1,265 jobs and retain 687 statewide - Cincinnati News, FOX19-WXIX TV

Projects to invest $187 million around Ohio

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(FOX19) -

Gov. John R. Kasich today announced the approval of assistance for twelve projects set to create 1,265 jobs and retain 687 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.

Here's a list of the projects that passed in our area.

 

  • CE Power Solutions, LLC in Cincinnati expects to create 24 full-time positions, generating $1.8 million in additional annual payroll and retaining $3.8 million in existing payroll as a result of the company's expansion project in the city.
  • CE Power Solutions provides electrical systems solutions and serves electric utility power plants, alternative energy facilities, transmission and distribution substations, industrial facilities and institutional facilities. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project. 
  • iMFLUX Inc., West Chester expects to create 221 full-time positions, generating $17.5 million in additional annual payroll as a result of the company's new project at a to-be-determined location. iMFLUX is a subsidiary company of P&G with an innovative technology in plastics processing. The TCA approved a 60 percent, eight-year Job Creation Tax Credit for this project.
  • MINTH North America Inc. in Lebanon expects to create 418 full-time positions, generating $12.6 million in additional annual payroll as a result of the company's new location project in Warren Co. MINTH designs, manufactures and supplies body structural parts, trims and decorative parts of passenger vehicles. The TCA approved a 70 percent, 12-year Job Creation Tax Credit for this project. 
  • Systecon Inc. in Butler Co. expects to create 18 full-time positions, generating $810,000 in additional annual payroll and retaining $4.3 million in existing payroll as a result of the company's expansion project in West Chester Township. Systecon designs and manufactures modular chiller plants, boiler plants, pumping system and controls for the heating, ventilating and air conditioning market. The TCA approved a 35 percent, five-year Job Creation Tax Credit for this project.

 

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