Central Ohio hopes to gain 788 jobs from state tax incentives offered
yesterday, including those for one company's project to add 120 jobs in Columbus
as part of a $1.2 million expansion tied to the commercial-vehicle market.
The project for Proform Industries was one of 10 approved by the Ohio Tax Credit Authority at yesterday's meeting. The projects would add 1,108 jobs and retain 21,264 others statewide while generating $51 million a year in new payroll and $72 million in investment.
Five of the 10 projects would create jobs in central Ohio, led by JPMorgan Chase & Co.'s announcement last week that it is working on a deal that would add 500 jobs in Dublin.
The jobs in central Ohio would be in an assortment of industries, including manufacturing, finance and Web technology.
"It somewhat reflects the diversity of the region," said Patty Huddle, vice president of existing business services for Columbus 2020, the region's economic-development arm.
Proform, based in Oklahoma, has 58 workers at its operation on Georgesville Road. The company intends to renovate the existing facility and buy machinery as it adjusts to increasing customer demand.
The company makes fuel tanks, air tanks, battery boxes and related assemblies.
The additional jobs would generate $4.7 million in annual payroll on top of an existing payroll of $2.1 million.
The tax credits are worth up to $318,552, based on estimates of the number of jobs being created, according to the Ohio Development Services Agency.Other companies approved for state aid include:
--HD Supply Facilities Maintenance, which was offered incentives to support its plan that would add 111 jobs to its existing staff of 19 in Groveport.
The company is a supplier of maintenance and repair products for multifamily, commercial, health-care and government facilities. The company plans to consolidate some of its distribution operations that are elsewhere in the Midwest.
The additional jobs would mean new payroll of $5.2 million on top of the existing payroll of $700,000. The tax credits carry a value of up to $329,778.
--Chase, which is in line for tax credits that have a value of up to $7.7 million. The new jobs would add $25 million in payroll to the region. Chase has about 19,500 jobs in central Ohio and has become the region's biggest private employer.
As part of the deal, Chase would take over a 165,000-square-foot building at 5900 Parkwood Place near the Mall at Tuttle Crossing. Nationwide vacated the space when it moved workers Downtown.
Dublin is offering additional incentives worth up to $465,000.
The operations would be Chase's first in Dublin, aside from banking offices. Chase also has operations in Columbus, Westerville and Gahanna.
--Digital consulting firm Dynamit Technologies, which plans to add 30 jobs in the next three years and move into an office in the Arena District as part of an expansion plan. The company has 35 workers.
The new jobs would create additional payroll of $2.1 million a year. The current payroll totals $2.4 million.
The tax credits are valued at up to $154,113.
--International Engineering Group, which makes plastic-injection molds. It plans an expansion at a 25,000-square-foot facility in Hilliard that could bring 27 new jobs and a $3.35 million investment. The 27 jobs would have an annual payroll of $1.4 million.
The company has one employee, having relied on contractors to perform much of its work.
The project will provide room for expanded plastic-parts production to meet rising customer demand, according to the company.
The tax credits carry a value of up to $78,938.
Most Popular Stories
- High-Tech Home Theaters Undergoing a Revolution
- Amazon Prime Grabs Classic HBO TV Series
- Wellness Programs Grow More Popular With Employers
- Procter & Gamble Income Up on Cost Cutting
- Sales of New Homes Fell 14.5 Percent in March
- Obama Opens Japan Trip with Sushi Stop
- #myNYPD Twitter Campaign Backfires for NYPD
- Google, SunPower Team Up on Solar Power
- FedEx Sued Over Deadly California Bus Crash
- Boeing Flying High With Strong First Quarter