Cincinnati economic development projects create 1,600 jobs
CINCINNATI — The Board of the Ohio Tax Credit Authority (TCA) approved state assistance for projects that are expected to create 670 jobs and retain 1,419 jobs statewide. Collectively, these projects are expected to spur approximately $134.8 million in investment across Ohio.
The company expects to create 355 full-time jobs and retain five jobs as a result of this $1.75 million expansion, generating $9.1 million in new annual payroll. Covington, KY-based Club Chef is the fresh-cut processing member of the Castellini Group of Companies, and is one of the largest regional processors of fresh produce in the United States.
Club Chef is developing a business to capitalize on an industry trend with a new to market concept for fully prepared meals for the retail produce, deli and fresh foods departments. The Ohio TCA has approved a 1.214 percent, eight-year Job Creation Tax Credit (JCTC) for Club Chef’s expansion project.
Maintenance, repair and overhaul (MRO) provider StandardAero Component Services, Inc. is also expanding operations in Sharonville to meet the aerospace industry’s growing demands. The company is investing $10,500,000 and expects the expansion to create 120 new jobs while retaining 465 jobs. The TCA approved a 1.260 percent, six-year JCTC for this project.
Another projected awarded a 0.576 percent, seven-year JCTC is Fairfield, OH-based Tier 1 and Tier 2 auto parts supplier Pacific Manufacturing Ohio, Inc., whose clients include Toyota, Honda and Subaru. The company is expanding to manufacture several auto parts. This $50,100,000 project is expected to create 62 new jobs and help retain 540 jobs.
Another Greater Cincinnati economic development project announced for this month is an expansion by flavor and fragrance company MANE, Inc. at its Lebanon facility to expand its dry and seasoning product line. This $34 million project is expected to create 100 new jobs and help retain 435 jobs.
The TCA also approved assistance for two northwest Ohio projects. One is for a ConAgra Foods Packaged Foods, LLC expansion in the Village of Archbold, OH. This project, which is expected to create 107 full-time jobs, has been awarded a 1.121 percent, six-year JCTC.
The Worthington Steel Company has likewise been awarded a 1.214 percent, eight-year JCTC for an expansion project in York Township, OH that is expected to create 26 full-time jobs.
Source: Economic Development HQ