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Patt-McDaniel Announce Tax Credits to Create and Retain 7,284 Jobs
[December 07, 2010]

Patt-McDaniel Announce Tax Credits to Create and Retain 7,284 Jobs


(Targeted News Service Via Acquire Media NewsEdge) COLUMBUS, Ohio, Dec. 6 -- The Ohio Department of Development issued the following news release: Ohio Department of Development Director Lisa Patt-McDaniel today announced that the Ohio Tax Credit Authority has approved Job Creation and Retention Tax Credits for 29 projects that, if expanded or located in Ohio, are expected to create 2,583 jobs and retain 4,701 positions.



"Ohio's favorable business climate makes it a great place for companies to invest," Patt-McDaniel said. "These incentives will help strengthen our workforce through job creation and retention, which will create growth and boost Ohio's economy." Advanced Design Solutions, Inc. has been awarded a 40 percent Job Creation Tax Credit for a five-year term as a result of the company's new location in the City of Middletown (Butler County). The value of the tax credit is estimated at $50,850 over the term, and the company would be required to maintain operations at the project site for eight years. Advanced Design Solutions is a welding shop that is primarily focused on constructing shipping bins and racks for the automotive market. This project includes the renovation of an existing brownfield facility. The more than $1 million project is expected to create 50 jobs.

Alcatel-Lucent has been awarded a 60 percent Job Retention Tax Credit for a 10-year term as a result of the company's expansion in the Central Ohio region. The value of the tax credit is estimated at more than $10 million over the term, and the company would be required to maintain operations at the project site for 13 years. Alcatel-Lucent is a leader in fixed, mobile and converged broadband networking, IP and optics technologies, applications, and services, with operations in more than 130 countries. This project includes moving from a leased facility to a 60,000-square-foot facility to house the company's IT administrative and testing operations. The more than $20.2 million project is expected to create 12 jobs and retain 540 positions.


AlgaeVenture Systems, Inc. (dba) AlterE Technologies has been awarded a 50 percent Job Creation Tax Credit for a six-year term as a result of the company's new project in the City of Marysville (Union County). The value of the tax credit is estimated at $829,872 over the term, and the company would be required to maintain operations at the project site for nine years. AlgaeVenture Systems deploys and commercializes technologies and products that offer efficient, low-energy, environmentally sound solutions in solid-liquid separations, concentration, and water remediation. This project includes the addition of new lines for the manufacturing and assembly of new machines used in the separation of solid and water reduction. The more than $9 million project is expected to create 200 jobs and retain 20 positions.

Automated Packaging Systems, Inc. has been awarded a 45 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in the City of Streetsboro (Portage County). The value of the tax credit is estimated at $224,000 over the term, and the company would be required to maintain operations at the project site for 10 years. Automated Packaging Systems manufactures packaging machinery and related equipment and services, as well as extrudes, prints, and manufactures flexible pre-opened bags-on-a-roll to run on the equipment. This project includes the acquisition and renovation of an existing building and the purchase of machinery and equipment. The more than $47.4 million project is expected to create 85 jobs.

Citi Fund Services Ohio, Inc. has been awarded a 60 percent Job Creation Tax Credit for a seven-year term as a result of the company's new project in the City of Columbus (Franklin County). The value of the tax credit is estimated at $2.4 million over the term, and the company would be required to maintain operations at the project site for 10 years. Citi Fund Services Ohio offers fund services, including administration and accounting, transfer agency and shareholder services, compliance and regulatory support, and marketing and distribution solutions. This project includes the improvement of its leased facility for the support and administration of new and current business. The more than $2.8 million project is expected to create 300 jobs and retain 715 positions.

Cleobrothers & Co., LLC has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company's expansion in the City of Columbus (Franklin County). The value of the tax credit is estimated at $172,143 over the term, and the company would be required to maintain operations at the project site for nine years. Cleobrothers is a skin care and dermatological products company that specializes in bath and body, hair and skin care, color cosmetics, supplements, and fine fragrance product formulation and development. This project includes the expansion of its leased facility and the purchase of new machinery and equipment. The more than $1 million project is expected to create 57 jobs and retain seven positions.

Dominion Liquid Technologies, LLC has been awarded a 35 percent Job Creation Tax Credit for a six-year term as a result of the company's new location at a site to be determined in Hamilton County. The value of the tax credit is estimated at $50,000 over the term, and the company would be required to maintain operations at the project site for nine years. Dominion is a manufacturer and bottler of liquid food grade products. This project includes the installation of new machinery and equipment, and associated tenant improvements to house contract packaging and private label manufacturing. The more than $1.1 million project is expected to create 24 jobs and retain 21 positions.

Fast Switch, Ltd. has been awarded a 55 percent Job Creation Tax Credit for a seven-year term as a result of the company's new project in the cities of Dublin, Columbus, and Hilliard (Franklin County). The value of the tax credit is estimated at $944,000 over the term, and the company would be required to maintain operations at the project site for 10 years. Fast Switch offers pure IT professional services, executive search and technical recruiting services, and customized programs providing consulting services. This project includes improvements on three facilities for the support and administration of the company's services. The $438,000 project is expected to create 116 jobs and retain 63 positions.

Ford Motor Company has been awarded a 75 percent Job Retention Tax Credit for a five-year term as a result of the company's reinvestment in the City of Brook Park (Cuyahoga County). The value of the tax credit is estimated at $4.5 million over the term, and the company would be required to maintain operations at the project site for eight years. Operating on six continents, Ford is a global automotive industry leader manufacturing and distributing automobiles in 200 markets worldwide. This project includes investing in new machinery and equipment that would position this facility to bring additional product and/or incremental volume to the plant. The $50 million project is expected to retain 750 positions.

Ford Motor Company has been awarded a 75 percent Job Creation Tax Credit and a 75 percent Job Retention Tax Credit for a five-year term as a result of the company's expansion in the Bath Township (Allen County). The value of the Job Creation Tax Credit is estimated at $1.1 million over the term, and the value of the Job Retention Tax Credit is $3.25 million over the term. The company would be required to maintain operations at the project site for at least eight years. Operating in six continents, Ford is a global automotive industry leader, manufacturing and distributing automobiles in 200 markets worldwide. This project includes investing in new machinery and equipment in order to add incremental jobs to this engine facility. The $50 million project is expected to create 300 jobs and retain 540 positions.

General Motors, LLC has been awarded a 50 percent Job Creation Tax Credit for a seven-year term as a result of the company's expansion in the City of Defiance (Defiance County). The value of the tax credit is estimated at more than $1.37 million over the term, and the company would be required to maintain operations at the project site for 10 years. General Motors manufactures and markets automobiles, automotive systems, engines, heavy duty automatic transmissions, components parts, and locomotives worldwide. This project includes purchasing and installing machinery and equipment for two new casting projects, which will be used in new engine assembly and will provide additional work to the facility. The $176.9 million project is expected to create 189 jobs and retain 1,337 positions.

Greenwood Fuels, LLC has been awarded a 40 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in the City of Hamilton (Butler County). The value of the tax credit is estimated at $70,540 over the term, and the company would be required to maintain operations at the project site for 10 years. Greenwood Fuels is a manufacturer of cost-effective renewable solid fuels that are used as a green, sustainable alternative to coal by large-scale industrial consumers and utilities. This project includes the construction of a new 150,000 ton per-year facility to house its manufacturing of renewable solid fuels. The more than $9.5 million project is expected to create 29 jobs.

Health Care DataWorks, Inc. has been awarded a 40 percent Job Creation Tax Credit for a six-year term as a result of the company's new project in the City of Columbus (Franklin County). The value of the tax credit is estimated at $221,000 over the term, and the company would be required to maintain operations at the project site for eight years. Health Care DataWorks provides health care organizations with an opportunity to provide higher quality health care services while lowering costs by using its pioneered "Enterprise Data Warehouse in a Box." This project includes the improvement of a leased facility for the support and administration of new and current business. The $250,000 project is expected to create 33 jobs and retain 13 positions.

HealthSpot, Inc. has been awarded a 50 percent Job Creation Tax Credit for a six-year term as a result of the company's new project in the City of Dublin (Franklin County). The value of the tax credit is estimated at $424,000 over the term, and the company would be required to maintain operations at the project site for nine years. HealthSpot owns a patent-protected, technologically advanced care station that enables locally and nationally recognized healthcare providers to deliver services to people from remote locations. This project includes a $1.8 million investment in a new location and for equipment, and is expected to create 60 jobs.

Illumination Works, LLC has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company's expansion at a site to be determined in Montgomery County. The value of the tax credit is estimated at $284,000 over the term, and the company would be required to maintain operations at the project site for nine years. Illumination Works is a premium provider of Information Technology services. This project includes the renovation of an existing site to house its business and technology solutions services operations. The $130,000 project is expected to create 28 jobs and retain 13 positions.

InfoMotion Sports Technologies, Inc. has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company's new project in the City of Dublin (Franklin County). The value of the tax credit is estimated at $209,000 over the term, and the company would be required to maintain operations at the project site for nine years. InfoMotion Sports Technologies develops and commercializes motion-sensor-based sporting equipment and software for athletic and sporting organizations. This project includes the lease of a facility for the assembly and software development of its current product. The more than $1.47 million project is expected to create 45 jobs and retain one position.

Knowlton Development Corporation, Inc. has been awarded a 55 percent Job Creation Tax Credit for a nine-year term as a result of the company's new location in the Village of New Albany (Licking County). The value of the tax credit is estimated at $655,000 over the term, and the company would be required to maintain operations at the project site for 12 years. Knowlton is a manufacturer of personal care, health, beauty, and household products for Fortune 500 specialty retail, consumer products, and household products companies. This project includes the construction of a new 250,000-square-foot facility for manufacturing its products. The $55 million project is expected to create 200 jobs.

Martin Marietta Magnesia Specialties, LLC has been awarded a 35 percent Job Creation Tax Credit for a five-year term as a result of the company's expansion in the Village of Woodville (Sandusky County). The value of the tax credit is estimated at $236,015 over the term, and the company would be required to maintain operations at the project site for eight years. Martin Marietta Magnesia Specialties produces magnesia-based chemicals for industrial, environmental, and agricultural uses, as well as fiber-reinforced composite materials used for transportation and military applications. This project includes the construction of a newly owned and operated 15,000-square-foot building, and the purchase and installation of a new kiln for the production of dolomitic lime. The $53 million project is expected to create 15 jobs and 160 positions.

Meggitt-USA Services, Inc. has been awarded a 45 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in the City of Akron (Summit County). The value of the tax credit is estimated at $113,220 over the term, and the company would be required to maintain operations at the project site for 10 years. Meggitt designs and makes high performance components and sub-systems for aerospace and defense markets as well as land and marine-based gas turbines, oil, and gas applications. This project includes the lease and renovation of an existing facility. The $100,000 project is expected to create 35 jobs.

OGM, Ltd. dba Clean Water, Ltd. has been awarded a 35 percent Job Creation Tax Credit for a five-year term as a result of the company's investment at its existing location in Jefferson Township (Montgomery County). The value of the tax credit is estimated at $17,000 over the term, and the company would be required to maintain operations at the project site for eight years. Clean Water Limited is a processor of industrial wastewaters, in particular, oil-based and metal rinsing waters, as well as organic waste water. This project includes an investment of at least $1 million, including machinery and equipment. The more than $1 million project is expected to create 22 jobs and retain 30 positions.

OGM, Ltd. dba Clean Water, Ltd. has been awarded a 35 percent Job Creation Tax Credit for a five-year term as a result of the company's expansion in the City of Mansfield (Richland County). The value of the tax credit is estimated at $17,000 over the term, and the company would be required to maintain operations at the project site for eight years. Clean Water Limited is a processor of industrial wastewaters, in particular, oil-based and metal rinsing waters, as well as organic waste water. This project includes an investment in machinery and equipment which will support increased market share. The more than $1.8 million project is expected to create 20 jobs and retain three positions.

Optivus Proton Therapy, Inc. has been awarded a 50 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in Miami Township (Montgomery County). The value of the tax credit is estimated at $587,000 over the term, and the company would be required to maintain operations at the project site for 10 years. Optivus Proton Therapy's main lines of business are proton beam therapy cancer treatment, proton-beam-based research and development, treatment of other conditions with proton beam therapy, and the design and production of proton beam therapy equipment and treatment centers. This project includes the construction of a 40,000-square-foot facility to house the company's proton beam therapy research and development headquarters. The more than $15.9 million project is expected to create 78 jobs.

Quality Electrodynamics, LLC has been awarded a 50 percent Job Creation Tax Credit for a six-year term as a result of the company's expansion in the City of Mayfield Village (Cuyahoga County). The value of the tax credit is estimated at $247,000 over the term, and the company would be required to maintain operations at the project site for nine years. Quality Electrodynamics is involved in the research, development, and manufacturing of magnetic resonance imaging (MRI) radio frequency coils for human body imaging. This project includes the expansion of a leased 27,000-square-foot facility. The more than $2.6 million project is expected to create 60 jobs and retain 60 positions.

Rockfish Interactive, Inc. has been awarded a 60 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in the City of Cincinnati (Hamilton County). The value of the tax credit is estimated at $764,000 over the term, and the company would be required to maintain operations at the project site for 10 years. Rockfish Interactive is a full-service interactive agency specializing in website design and development of web and mobile applications. This project includes the lease of 6,000 square feet of existing office space to house its website design and information technology operations. The more than $740,000 project is expected to create 75 jobs and retain six positions.

Structure Manufacturing Group, Inc. has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company's new location in the City of Norwalk (Huron County). The value of the tax credit is estimated at $158,877 over the term, and the company would be required to maintain operations at the project site for nine years. Structure Manufacturing Group is a recently established company focusing on the assembly and coating of light and heavy truck cabs. This project includes the purchase of a facility for the assembly and primer painting of over-the-highway truck cabs, delivery truck cabs, and operator enclosures for agricultural and earth moving equipment. The more than $2.2 million project is expected to create 150 jobs.

Tekni- Plex, Inc. has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company's new location in the City of Holland (Lucas County). The value of the tax credit is estimated at $98,544 over the term, and the company would be required to maintain operations at the project site for nine years. Tekni-Plex is a global, diversified manufacturer of packaging products, materials, and tubing products. This project includes the establishment of a global technology center that would provide Tekni-Plex with a dedicated development leased facility. The more than $3 million project is expected to create 10 jobs.

U.S. Cotton, LLC has been awarded a 55 percent Job Creation Tax Credit for a seven-year term as a result of the company's expansion in the City of Cleveland (Cuyahoga County). The value of the tax credit is estimated at $694,000 over the term, and the company would be required to maintain operations at the project site for 10 years. U.S. Cotton manufactures private label and branded health, beauty aid, pharmaceutical, and industrial cotton fiber products. The more than $9.9 million project is expected to create 250 jobs.

Vee Pak, LLC has been awarded a 50 percent Job Creation Tax Credit for an eight-year term as a result of the company's new project in the Village of New Albany (Licking County). The value of the tax credit is estimated at $257,755 over the term, and the company would be required to maintain operations at the project site for 11 years. Vee Pak is a privately-owned contract manufacturer of consumer products for retailers, distributors, and manufacturers throughout the United States. This project includes the purchase of land and the construction of a facility to house manufacturing of personal care, and health and beauty products for new and existing clients. The more than $11.5 million project is expected to create 120 jobs.

Woolpert, Inc. has been awarded a 40 percent Job Creation Tax Credit for a five-year term as a result of the company's expansion in the City of Beavercreek (Greene County). The value of the tax credit is estimated at $12,000 over the term, and the company would be required to maintain operations at the project site for eight years. Woolpert provides seven core services: architecture, engineering, enterprise information, management, geospatial, planning and design, surveying, and water management. This project includes the purchase of a leased facility to house additional capacity for the company's design, engineering, and geospatial services to government clients. The more than $1.25 million project is expected to create 20 jobs and retain 167 positions.

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.

Working with our partners across business, state and local governments, academia, and the nonprofit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio's future.

TNS RadHar67--JF78101207-3138133 StaffFurigay (c) 2010 Targeted News Service

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