Governor DeWine, Lt. Governor Husted Announce New Projects Expected to Create More Than $588 Million in Investments
Press Release
Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the approval of assistance for four projects set to create 683 new jobs and retain 405 jobs statewide.
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $43.7 million in new payroll and spur more than $588 million in investments across Ohio.
Projects approved by the TCA include:
NORTHEAST
Victoriaville & Co. USA Manufacturing Inc., city of Cleveland (Cuyahoga County), expects to create 100 full-time positions, generating $5 million in new annual payroll, as a result of the company's new location in Cleveland. Victoriaville & Co. is the largest wood casket manufacturer in North America and one of the largest distributors of funeral supplies. This is a family-owned company based in Canada. The TCA approved a 1.371%, eight-year Job Creation Tax Credit for this project.
Trivium Aluminum Packaging USA Corporation, city of Youngstown (Mahoning County), expects to create 93 full-time positions, generating $6.1 million in new annual payroll and retaining $32.7 million in existing payroll, as a result of the company's expansion project in Youngstown. Trivium Corporation, which was formed in 2019 with the merger of Exal and Ardagh Groups Food & Specialty Business, continues to focus on aluminum containers plus metal cans for food packaging. The TCA approved a 1.522%, eight-year Job Creation Tax Credit for this project.
NORTHWEST
Abbott Laboratories, city of Bowling Green (Wood County), expects to create 450 full-time positions, generating $27.2 million in new annual payroll, as a result of the company's new location in Bowling Green. Abbott Labs produces and distributes a wide variety of medical and nutritional supplies and instruments. The TCA approved a 2.006%, 15-year Job Creation Tax Credit for this project.
CENTRAL
Pathfinder Product Labs LLC, city of Grandview Heights (Franklin County), expects to create 40 full-time positions, generating $5.4 million in new annual payroll and retaining $1.4 million in existing payroll, as a result of the company's expansion project in Grandview Heights. Pathfinder Product Labs was established in 2018 to help companies build more successful products by changing the way companies think, create, and deploy strategy. It offers product management coaching, consulting, transformation, and innovation. The TCA approved a 1.833%, eight-year Job Creation Tax Credit for this project.
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