Ohio companies get tax breaks, add jobs

URBANA, Ohio (WDTN) - Governor John R. Kasich announced the approval of assistance for 11 projects set to create 410 jobs and retain 874 jobs statewide on Monday.

Together the projects are expected to result in more than $20 million in new payroll, and spur approximately $51 million in investment across Ohio.

Projects Approved include:

Fynanz, Inc. expects to create 73 full-time positions, generating $3 million in new annual payroll as a result of the company’s new location project at a to-be-determined location. Fynanz provides web-based private student lending networks and solutions. The TCA approved a 45 percent, seven-year Job Creation Tax Credit for this project.

Kalida Manufacturing Inc., Village of Kalida (Putnam Co.) expects to create 67 full-time positions, generating $1.7 million in additional annual payroll and retaining $16.2 million in existing payroll as a result of the company’s expansion project in the Village of Kalida (Putnam Co.). Kalida Manufacturing is a Tier 2 stamping and welding plant, producing auto frame sub-components for Honda vehicles. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project.

Air Transport International, Inc., City of Wilmington (Clinton Co.) expects to create 65 full-time positions, generating $5.1 million in new annual payroll as a result of the company’s new location project in the City of Wilmington (Clinton Co.). Air Transport International flies passenger and cargo aircraft. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.

Jedson Engineering Inc., City of Cincinnati (Hamilton Co.) expects to create 30 full-time positions, generating $2.8 million in additional annual payroll and retaining $8 million in existing payroll as a result of the company’s new location project in the City of Cincinnati (Hamilton Co.). Jedson provides engineering, procurement and construction management services to Fortune 100 and Fortune 500 manufacturing companies. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.

GoWebApps.com, Inc. and Coalesce Software, City of Delaware (Delaware Co.) expects to create 25 full-time positions, generating $1.1 million in additional annual payroll and retaining $1 million in existing payroll as a result of the company’s expansion project in the City of Delaware (Delaware Co.). This software development company creates and services software targeting the sales and service industry. The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.

The Kroger Co., City of Columbus (Franklin Co.) expects to create 23 full-time positions, generating $1.5 million in additional annual payroll and retaining $4.45 million in existing payroll as a result of the company’s consolidation project in the City of Columbus (Franklin Co.). The Kroger Co. was established in 1883 as a grocery store, and today it is one of the largest retailers in the U.S. The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.

Freeway Corporation, Village of Valley View (Cuyahoga Co.) expects to create 20 full-time positions, generating $800,000 in additional annual payroll and retaining $5.7 million in existing payroll as a result of the company’s expansion project in the Village of Valley View (Cuyahoga County). Freeway Corporation is in the metalworking industry, specializing in manufacturing washers, stampings, multi-component assemblies, ball bearing assemblies and precision machined components. The TCA approved a 35 percent, five-year Job Creation Tax Credit for this project.

RTS Companies (US), Inc., Austinburg Township (Ashtabula Co.) expects to create 30 full-time positions, generating $728,000 in additional annual payroll and retaining $1.4 million in existing payroll as a result of the company’s expansion project in Austinburg Township (Ashtabula Co.). RTS Companies is a manufacturer of custom and proprietary molded plastic products. The TCA approved a 35 percent, five-year Job Creation Tax Credit for this project.

Ohio Star Forge Co., City of Warren (Trumbull Co.) expects to create 26 full-time positions, generating $1.5 million in additional annual payroll and retaining $5.8 million in existing payroll as a result of the company’s consolidation project in the City of Warren (Trumbull Co.). Ohio Star Forge offers forging capabilities for numerous applications from automotive to fasteners. The TCA approved a 40 percent, six-year Job Creation Tax Credit for this project.

Industrial Door Company, Inc. dba Industrial Spring Company, City of Piqua (Miami Co.) expects to create 26 full-time positions, generating $890,000 in new annual payroll as a result of the company’s new location project in the City of Piqua (Miami Co.). Industrial Door Company, Inc. manufactures, installs and services garage doors. The TCA approved a 45 percent, five-year Job Creation Tax Credit for this project.

Robert Rothschild Farm Holding Company, LLC dba Robert Rothschild