Press Room >> 2009 Press Releases For immediate release JOB CREATION AND RETENTION TAX CREDITS APPROVED FOR BUSINESS EXPANSION COLUMBUS – Ohio Governor Ted Strickland and Lieutenant Governor Lee Fisher today announced that the Ohio Tax Credit Authority has approved Job Creation and Job Retention Tax Credits for 13 businesses involved in location or expansion projects that, if located in Ohio, are expected to create 668 positions and retain 1,809 jobs for Ohioans. ### Media contacts: Robert Grevey at (614) 466-6619 or
January 26, 2009
Projects Expected to Generate Investments to Ohio’s Economy
“Our state’s diverse portfolio of industries demonstrates the depth of talent found in Ohio’s skilled workforce,” said Lt. Governor Fisher, who also serves as Director of the Ohio Department of Development. “Building on the strengths of our innovative past by incorporating the elements of a new technology economy strategically expands opportunity for all Ohioans.”
The J.M. Smucker Company has been awarded a 65 percent job creation tax credit for a 10-year term as a result of the company’s expansion of its corporate headquarters in the City of Orrville (Wayne County). The value of the tax credit is estimated at $1.8 million over the term, and the company would be required to maintain operations at the project site for 20 years. The J.M. Smucker Company is a leading marketer and manufacturer of a variety of branded food products including Smucker’s ®, Folgers ®, Jif ®, Crisco ®, and Eagle Brand ®. The company earned the number one ranking in FORTUNE Magazine’s annual listing of 100 Best Companies To Work For in the United States in 2004. This more-than $15 million project is expected to create 115 positions and will increase the number of employees in Orrville to more than 1,400.
Lance Manufacturing, LLC, & Archway Bakeries, LLC have been awarded a 55 percent job creation tax credit for a six-year term as a result of the company re-opening its facility in the City of Ashland (Ashland County). The value of the tax credit is estimated at $366,057 over the term, and the company would be required to maintain operations at the project site for 12 years. Archway will continue to produce cookies in addition to other brands at the new operation. This $11.8 million project is expected to create 150 positions and retain 60 jobs.
TLT- Babcock, Inc. has been awarded a 45 percent job creation tax credit for a six-year term as a result of the company’s relocation and expansion of its facilities within Ohio. The value of the tax credit is estimated at $63,516 over the term, and the company would be required to maintain operations at the project site for 12 years. TLT-Babcock, incorporated in 1975, is a global supplier of custom-engineered axial fans, centrifugal fans, and mechanical ash handling systems, providing service and testing within the industrial and commercial fan industry. This $4 million project is expected to create 12 positions and retain 67 jobs.
Green Life, LLC has been awarded a 40 percent job creation tax credit for a five-year term for the location of its facility in the City of Nelsonville (Athens County). The value of the tax credit is estimated at $33,808 over the term, and the company would be required to maintain operations at the project site for 10 years. Green Life is a manufacturer and retailer of outdoor furniture to internet customers and commercial buyers. The project is two-phased: phase one involves the installation of Green Life’s equipment and inventory; phase two involves making manufacturing at the site fully operational. This $625,000 project is expected to create 30 positions.
Kao Brands Company has been awarded a 45 percent job creation tax credit for a seven-year term for the location of its facility in the City of Cincinnati (Hamilton County). The value of the tax credit is estimated at $321,702 over the term, and the company would be required to maintain operations at the project site for 14 years. Kao is a producer of personal care, household, sanitary, and healthcare products. The project involves the acquisition of machinery and equipment, as well as property improvements at the company headquarters in Cincinnati. This $7.9 million project is expected to create 30 positions and retain 449 jobs.
LabNow, Inc. has been awarded a 50 percent job creation tax credit for a seven-year term as a result of the company’s relocation to Ohio. The value of the tax credit is estimated at $162,695 over the term, and the company would be required to maintain operations at the project site for 14 years. Established in 2004, LabNow has licensed specific fluid analysis technology that allows for quick and portable diagnosis and treatment of HIV cases in developing countries. The project involves building acquisition costs as well as the purchase of machinery and equipment. This $6.5 million project is expected to create 43 positions.
Navigator Management Partners LLC has been awarded a 50 percent job creation tax credit for a six-year term for its expansion in the City of Columbus (Franklin County). The value of the tax credit is estimated at $266,457 over the term, and the company would be required to maintain operations at the project site for 12 years. Navigator Management Partners offers a variety of business consulting services based on its core competencies in project management, process design, software solutions, analysis, and change management. The project involves the acquisition of machinery and equipment at the company’s headquarters facility. This $80,000 project is expected to create 19 positions and retain 43 jobs.
H.J. Heinz Company, LLP has been awarded a 45 percent job creation tax credit for a five-year term for the expansion of its Portion Pac division’s facility in the City of Mason (Warren County). The value of the tax credit is estimated at $47,539 over the term, and the company would be required to maintain operations at the project site for 10 years. Portion Pac, a division of Heinz, is a leading producer of individually packaged condiments for restaurants and food service providers. Portion Pac is planning the renovation of existing space, as well as the acquisition of machinery and equipment. This $4.9 million project is expected to create 25 positions and retain 442 jobs.
St. Bernard Soap Company has been awarded a 45 percent job creation tax credit for a six-year term for the expansion of its soap making operation in the City of St. Bernard (Hamilton County). The value of the tax credit is estimated at $96,269 over the term, and the company would be required to maintain operations at the project site for 12 years. St. Bernard Soap Company is a contract manufacturer of bar soaps for customers including Procter & Gamble, Kao Brands, and Colgate Palmolive. The project includes the acquisition of machinery and equipment. This $7.5 million project is expected to create 25 positions and retain 296 jobs.
Steel Warehouse Ohio LLC has been awarded a 45 percent job creation tax credit for a six-year term for the location of its operations in the City of Cleveland (Cuyahoga County). The value of the tax credit is estimated at $159,159 over the term, and the company would be required to maintain operations at the project site for 12 years. Steel Warehouse would establish manufacturing facilities to support the company’s steel service center, which provides processing services for production-ready steel to metal stampers, fabricators, and manufacturers. This $18.3 million project is expected to create 62 positions.
WebCore Technologies, LLC has been awarded a 45 percent job creation tax credit for a six-year term for its expansion in Miami Township (Montgomery County). The value of the tax credit is estimated at $116,124 over the term, and the company would be required to maintain operations at the project site for 12 years. WebCore operates primarily in the development and manufacture of highly engineered materials for applications in an array of industries from transportation and infrastructure to marine and defense. The project supports commercialization of a specific material used in the manufacture of wind turbine blades. This $1.3 million project is expected to create 32 positions and retain 38 jobs.
Snyder Computer Systems, Inc. dba Wildfire Motors has been awarded a 50 percent job creation tax credit for a seven-year term for its expansion at its facility in Island Creek Township (Jefferson County). The value of the tax credit is estimated at $246,505 over the term, and the company would be required to maintain operations at the project site for 14 years. Wildlife Motors designs, imports, distributes, and partially manufactures various Chinese-produced products with a focus on electric and small gasoline vehicles. The project involves the expansion of its existing facility and the purchase of machinery and equipment. This $1.5 million project is expected to create 100 positions and retain 42 jobs.
CSAFE LLC has been awarded a 45 percent job creation tax credit for a six-year term for its expansion in the City of Moraine (Montgomery County). The value of the tax credit is estimated at $132,326 over the term, and the company would be required to maintain operations at the project site for 12 years. CSAFE will manufacture, market, and sell Federal Aviation Administration-certified container devices used by air freight haulers to various high-value payloads that require temperature-controlled air cargo handling. The project includes leasehold improvements and the acquisition of machinery and equipment. This $220,000 project is expected to create 25 positions.
The Job Creation Tax Credit is a refundable tax credit against the Commercial Activity Tax or income tax. The credits equal a percentage of new state income tax withheld on retained, full-time employees in Ohio. The Ohio Tax Credit Authority is a five-member independent board consisting of taxation and economic development professionals from throughout the state that is responsible for reviewing and approving applications for state tax credit assistance. The Authority also has oversight responsibilities that include monitoring and reporting the progress of approved tax credit projects. The Ohio Tax Credit Authority’s approval of incentives indicates the state’s commitment to the company, and precedes a final decision of the company to accept or decline the tax incentives approved.
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