Job Creation

Ohio TCA Approves Economic Development Incentives for Nine Companies Investing $1.1B

The Ohio Tax Credit Authority has approved economic development incentives for nine projects that will collectively spur more than $1.1 billion in investments across the state.

Ohio Job Creation

Ohio Job Creation (photo – ohio.gov)

These nine projects will be creating 586 jobs and retaining 1,201 existing jobs statewide, in the process adding more than $30.6 million in new payroll.

One of the companies approved to receive incentives is Vadata, Inc., a data center firm which is an Amazon subsidiary.

Ashburn, VA-based Vadata is looking at sites in Ohio and elsewhere for a new data center project. If they select an as-yet undisclosed site in Ohio for this new project, Vadata will be creating 120 new jobs with $9.6 million in additional payroll.

In order to assist recruitment of the Vadata project by Ohio economic development organizations, the TCA has approved a massive 75 percent, 15-year Job Creation Tax Credit (JCTC), along with a 100 percent data center sales tax exemption for 15 years.

Another project creating 120 jobs is automobile exhaust system manufacturer Faurecia Emissions Control Systems NA, LLC, which is undertaking an expansion project in the City of Franklin, OH. Faurecia is creating 120 new full-time jobs with an additional payroll of $4.5 million. The company is getting an eight-year, 55 percent JCTC for this project.

The largest of the nine projects in terms of job creation is an expansion by Dole Fresh Vegetables in the City of Springfield, OH. Dole, which markets and sells frozen and packaged fruits and vegetables worldwide, is creating 138 new full-time jobs with $3.2 million in new payroll. Dole is getting a 50 percent, nine-year JCTC for the expansion.

The remaining six projects across Ohio for which incentives have been approved by the TCA are as follows:

Eloquii Design, Inc., City of Columbus – Creating 40 new full-time jobs with $4.5 million in additional payroll; TCA approved a 50 percent, seven-year JCTC;

Fosbel, Inc., City of Brook Park – Creating 14 new full-time jobs with $934,816 in additional payroll; TCA approved a 35 percent, five-year JCTC;

GOJO Industries, Inc., City of Brecksville – Creating 37 new full-time jobs with $1.7 million in additional payroll; TCA approved a 40 percent, six-year JCTC;

Standard Technologies, LLC, City of Fremont – Creating 39 new full-time jobs with $1.8 million in additional payroll; TCA approved a 30 percent, five-year JCTC;

Stolle Machinery Company, LLC (location undisclosed) – Creating 42 new full-time jobs with $2.1 million in additional payroll; TCA approved a 45 percent, five-year JCTC;

BioRx, LLC (location undisclosed) – Creating 36 new full-time jobs with $2.4 million in additional payroll; TCA approved a 50 percent, six-year JCTC;

Ford Announces Kentucky Expansion With 300 New Jobs at Louisville Assembly Plant

Ford Motor Company unveiled the all-new Lincoln MKC and took the opportunity to announce an expansion of the Louisville Assembly Plant in Kentucky to support production of the small luxury SUV.

Ford unveils Lincoln MKC at Louisville Assembly Plant

Ford unveils Lincoln MKC at Louisville Assembly Plant (photo – louisvilleky.gov)

As part of this $129 million expansion, Ford announced that it will create 300 new jobs at the Louisville Assembly Plant.

The all-new 2015 Lincoln MKC, which went on sale in May 2014, is the second of four new Lincoln vehicles being unveiled. It also marks Lincoln’s entry into the small premium utility segment.

Production of the Lincoln MKC began in May at the Louisville Assembly Plant, which is the only Ford manufacturing plant producing this vehicle as of now.

Lincoln MKCs made at this plant will also be exported to overseas markets including China, where the Lincoln brand is set to debut later this year.

Plant Manager Daryl Sykes said the opportunity to build an all-new vehicle and the first small utility ever from Lincoln is very exciting for the hardworking men and women at the Louisville Assembly Plant.

The Louisville Assembly Plant is one of the new breed of flexible automotive manufacturing plants in the world, thanks to a $600 million investment in 2010 that transformed the plant’s final assembly area and body shop to allow for production of multiple vehicle models without requiring downtime for tooling changeovers.

This ability to build multiple vehicles at the same time allows Ford to adjust production quickly at Louisville to meet demand from changing economic conditions and shifts in customer preferences.

Jimmy Settles, UAW vice president, National Ford Department, said that UAW and Ford remain steadfast in their commitment to Louisville with the addition of the Lincoln MKC to the Louisville Assembly Plant’s production line.

Settles noted that the 300 new jobs add to the plant’s 4,600 UAW team members, which he said was a fantastic feat enabled through collective bargaining between UAW and Ford to support U.S. manufacturing.

Dearborn, MI-based Ford Motor Company (NYSE:F) has around 186,000 employees and 65 plants across the world, including the Louisville Assembly Plant and the Kentucky Truck Plant, both in Louisville, KY.

The addition of the 300 new jobs in Louisville also pushes Ford forward towards a stated goal of creating 12,000 hourly jobs in the U.S. by 2015. The new $129 million investment will also make its way to 110 suppliers across the nation, including 17 in Kentucky.

Missouri Economic Development Incentives for Automobile Supplier Expanding in Mexico, MO

St. Louis, MO-based automotive supplier Spartan Light Metal Products broke ground on an expansion of their operations in Audrain County, MO.

Spartan Light Metal Products facility in Mexico, MO

Spartan Light Metal Products facility in Mexico, MO (photo – spartanlmp.com)

The expansion project of their facility in Mexico, MO is supported by a package of Missouri economic development incentives tied to the company’s plans to create 88 new jobs and invest $17 million.

The facility in Mexico, MO already has a workforce of 300 employees. The new investment will be used for retooling and purchasing new equipment.

The company also plans to add another 68,000 square feet of space to the facility, out of which 58,000 square feet will be dedicated to manufacturing new engine components for Toyota vehicles.

Missouri Department of Economic Development Director Mike Downing said he’s proud to see more and more auto companies investing in the Show-Me State and benefiting from the competitive environment and highly skilled workforce that helps them succeed and grow.

Ted Waltemate, Spartan’s VP of Operations in Mexico, said they are excited to be expanding the facility in the City of Mexico, which he said would allow them to increase capacity and support the growing needs of their customers.

Spartan Light Metal Products is a family owned business founded in 1961. The company is now an industry leader in light metal engineering including aluminum and magnesium custom die casting. They provide auto parts to major automotive manufacturers including Toyota, Honda, GM, Ford and Volkswagen.

Spartan and other automotive suppliers in Missouri such as Toyota Bodine, Yanfeng USA Automotive Trim Systems and Grupo Antolin North America are following the lead of the vehicle manufacturers with expansions and job creation. Ford and GM have invested $1.5 billion and created thousands of jobs at facilities in Claycomo and Wentzville.

This latest $17 million investment is Spartan’s second major expansion of the Mexico facility in the last two years. Back in March 2012, the company announced plans for a $12.5 million expansion to add two new production lines and create 42 new jobs.

For the 2012 expansion, the Missouri Department of Economic Development provided the company $303,381 in Enhanced Enterprise Zone tax credits tied to their jobs creation and investment plans.

Apart from this facility in Mexico, Spartan also has additional manufacturing plants in Hannibal, MO and Sparta, IL. They also have technical offices spread across Detroit, Tokyo and Landstuhl in Germany.

Iowa Approves Economic Development Incentives for Projects Creating 184 Jobs

Six expansion and job creation projects in Iowa are getting economic development incentives in the form of tax credits and direct financial assistance.

Jobs for Iowa

Jobs for Iowa (photo – iowa.gov)

The incentives, approved by the Iowa Economic Development Authority Board, will bring $30 million in new capital investment to the state and help create 184 new jobs.

One of the companies awarded incentives by the IEDA is agricultural and construction equipment manufacturer CNH Industrial.

CNH plans to invest $5.5 million and create 50 jobs as part of a proposed expansion of their manufacturing facility in Burlington, IA.

The project will relocate CNH’s crawler-dozer production line, which is currently based at an out-of-state location, to the Burlington facility.

The IEDA Board approved tax incentives for the CNH project under the High Quality Jobs Program (HQJP).

Grace Engineered Products, an electrical safety product company in Davenport, IA, is expanding its facility to bring currently outsourced production in-house. This $2.7 million expansion is creating 11 new jobs. The IEDA Board has approved HQJP tax credits and $30,000 in direct financial assistance for this project.

Another project getting HQJP tax credits is Lone Mountain Truck Leasing’s proposed relocation of their corporate headquarters to Carter Lake, IA. The company, which provides financing and maintenance services to semi-truck buyers and owners, is investing $1.3 million to relocate from Nebraska to Carter Lake, where they are creating 39 jobs.

Waukee, IA-based Express Logistics is also relocating, but to a new location in Waukee itself. The $1.1 million relocation and expansion project which is creating 19 new jobs is being aided by $130,000 in direct financial assistance from the IEDA, in addition to HQJP tax incentives.

Marion, IA-based Legacy Manufacturing Co. is getting HQJP tax credits for constructing a new building to add manufacturing capability to produce a new line of outdoor power cords. The company is investing $8.7 million and creating 34 new jobs.

Transco Railway Products is getting $155,000 in direct financial assistance and HQJP tax incentives for an ongoing multi-phase expansion of their railcar repair and refurbishment facility in Oelwein, IA. The company is investing $10.8 million and creating 31 new jobs for this phase of the project.

Governor Terry Branstad said this action by the IEDA Board is a great example of how Iowa economic development programs are working for existing businesses all around the state.

Apart from incentives for these six projects, the IEDA Board also approved startup assistance in the form of a $100,000 loan for Horse Sense Shoes under the Iowa Innovation Acceleration Fund. Horse Sense Shoes is an innovative startup that is developing applications and technology to collect data on horses and keep handlers informed about the horse’s health and performance indicators.

Toyota Motor Manufacturing Indiana Expansion to Create 300 Jobs

Toyota Indiana is undertaking a $100 million expansion of their Princeton, IN plant to increase production of the Highlander. Toyota Motor Manufacturing, Indiana, Inc. is currently the sole producer of this popular midsize SUV in North America.

Toyota expansion announcement in Princeton, IN

Toyota expansion announcement in Princeton, IN (photo – toyota.com)

The expansion will enable TMMI to add 70,000 square feet to their East Plant in Princeton and equip it for production of up to 30,000 midsize SUVs.

Currently, the Highlander is built only in the West Plant in Princeton along with the Sequoia full-size SUV, while the East Plant produces the Sienna minivan.

Toyota Indiana President Norm Bafunno said the Highlander will be a bridge vehicle between the East and West plants. All three of the vehicles produced at the plant are also exported to different overseas markets, making the Toyota Indiana plant a global supply base for minivans and SUVs.

This latest $100 million investment brings Toyota Indiana’s total investment to $4 billion since Toyota broke ground on the facility in May 1996. As part of the expansion, Toyota will be adding 300 new jobs at the facility by 2016. Toyota Indiana already employs 4,700 associates.

The Indiana Economic Development Corporation is supporting Toyota Motor Manufacturing, Indiana, Inc.’s expansion plans with training grants worth up to $350,000 tied to the company’s job creation plans.

The Gibson County Economic Development Corporation has additionally requested Gibson County to provide local incentives for the project.

Princeton Mayor Robert Hurst said they are thankful for the investment Toyota has made in Princeton, and added that they support TMMI and their suppliers, who he said are invaluable to the region.

The decision by Toyota to expand in Princeton was also aided by Governor Mike Pence’s visit to Japan last year as part of his inaugural overseas economic development trip. During his visit, Gov. Pence met with Toyota Motor Corporation President and CEO Akio Toyoda and other leaders of the company.

Toyota (NYSE:TM) has built more than 25 million cars and trucks in North America over the past 50 years. They have 14 manufacturing plants that directly employ 40,000 people in North America. Ten of these plants in the United States collectively employ 32,000 people.

They have 1,800 dealerships in North America that sold 2.5 million vehicles last year. Out of this, 2.2 million vehicles were sold in the United States by 1,500 dealerships.

Palm Beach County Business Development Board Snags Vicinitas Cancer Care Project

Vicinitas Cancer Care, a network of physicians and oncology care providers affiliated with the Cancer Treatment Centers of America hospitals network, has decided to locate their headquarters in Boca Raton, FL.

Palm Beach County BDB's Kelly Smallridge announces Vicinitas Cancer Care project

Palm Beach County BDB’s Kelly Smallridge announces Vicinitas Cancer Care project (photo – bdb.org)

Vicinitas will be investing $4 million for renovating and equipping the 45,000 square feet of office space they are taking up, and they expect to create 200 new full-time jobs with an average annual salary of $115,000 over the next five years.

Vicinitas is introducing an innovative approach to community cancer care with an integrative model where each patient gets a dedicated care manager for handling everything from appointments to communications between providers, in addition to helping the patient gain a better understanding of treatment options.

The project was secured by a partnership effort involving the Business Development Board of Palm Beach County (BDB), Enterprise Florida, the Florida Department of Economic Opportunity, and the City of Boca Raton.

The BDB helped Vicinitas with their site selection and coordinated an incentive package. This includes $1.45 million through the Qualified Target Industry Tax Refund (QTI) and Quick Action Closing Fund (QACF) programs. The State of Florida is providing $1.1 million of this, with the rest as a local match of $350,000 in Boca Raton economic development incentives.

The State is additionally providing Vicinitas up to $360,000 in performance-based reimbursement grants for employee training under the Quick Response Training (QRT) program. The BDB and CareerSource Florida are helping Vicinitas with their workforce and training requirements.

Kelly Smallridge, the BDB’s President and CEO, said that the addition of Vicinitas reinforces the value of Palm Beach County and the City of Boca Raton as a location of choice for the healthcare industry and for corporate headquarters facilities.

Gray Swoope, president and CEO of Enterprise Florida, said that the establishment of Vicinitas Cancer Care’s headquarters in Boca Raton is a great addition to Florida’s growing life sciences sector.

Boca Raton Mayor Susan Haynie likewise noted that the community has a rich history of attracting corporate headquarters, IT and life sciences companies, and Vicinitas Cancer Care brings these industries together in an exciting way.

Vicinitas Cancer Care President and CEO Angela Marchi said they appreciate the spirit of cooperation and the warm welcome from the community, and are looking forward to serving patients across the country from their new home in Boca Raton.

Delta County, Colorado Projects Awarded Rural Economic Development Grants

Four businesses in Delta County, Colorado have been awarded grants under the Rural Economic Development Initiative (REDI) program to facilitate their expansions.

Delta County, CO

Delta County, CO (photo – deltacountyed.org)

REDI grants are meant to assist rural communities in developing plans and undertaking projects that attract businesses and capital investment, create jobs and increase wages to help make the local economy more diverse and resilient.

Delta County Economic Development, Inc. worked with the Colorado Office of Economic Development and International Trade and the four businesses to secure the REDI grants.

One of these four companies awarded a $25,000 REDI grant is the Diversified Innovative Products (DIP) Company. The grant helped the specialty printing products supplier complete a $250,000 expansion while ensuring that DIP stays put in Delta County. In fact, the company consolidated its out-of-state operations to its expanded Delta County facility and added three new jobs.

TK Holdings likewise got a $50,000 REDI grant for renovating and remodeling a vacant facility and consolidating their headquarters office and shop in the new location. The expansion will enable TK Holdings to add three to five new jobs at their headquarters along with many more field jobs over the next two years.

Amarna Company, which produces a water-based food release product called Amarnakote, is getting $137,000 as a REDI grant to support an $800,000 expansion of their manufacturing plant and headquarters that includes the creation of two to three new jobs.

A fourth REDI grant of $30,000 was awarded to Big B’s Organic Juices and Hard Cider in Hotchkiss, CO. The company will use the grant to reconfigure their organic juicing line and increase production with the help of two to three new jobs they are creating.

Governor John Hickenlooper said that all of Colorado benefits when the rural economy grows, and the REDI program was designed specifically to support this type of growth. The Governor added that they are thrilled that communities and businesses in Delta County are able to utilize this program and continue growing.

Delta County Economic Development, Inc. Director Trish Thibodo said they are thrilled to have worked with the four businesses and OEDIT to bring in the REDI grant monies for supporting facility and job growth.

OEDIT and Colorado Department of Local Affairs officials toured all the businesses awarded REDI grants in Delta County, and attended the ribbon-cutting ceremony for the newly expanded DIP Company facility.

Baxter International Planning $300M Gambro Expansion in Opelika, Alabama

Baxter International Inc. (NYSE:BAX) announced plans for a $300 million expansion of its Gambro Renal Products manufacturing facility in Opelika, Alabama.

Baxter International's Gambro plant expansion announcement in Opelika, Alabama

Baxter International’s Gambro plant expansion announcement in Opelika, Alabama (photo – alabama.gov)

The company will be creating 200 new jobs as part of the expansion. They already have 170 employees at the facility.

The expansion project will add 230,000 square feet of space to the facility, to be used for the addition of several new production lines to fulfill growing global demand for dialyzers used in hemodialysis therapy.

There are now around two million patients worldwide with end-stage renal disease (ESRD) who need hemodialysis therapy, and its incidence rate and the need for dialysis is growing by six to seven percent annually across the world.

Baxter International completed the acquisition of the Lund, Sweden-based Gambro AB in Sept 2013. Gambro has nearly 8,000 employees with 13 production facilities in nine countries.

Robert L. Parkinson, Jr., chairman and chief executive officer of Baxter, said that the expansion, in addition to supporting a greater number of patients with access to the therapy, is also an investment in the communities in which their employees live and work.

Parkinson noted that collaboration between Governor Robert Bentley, Opelika Mayor Gary Fuller and other local officials was a key component of their expansion plan.

The Opelika City Council has approved tax abatements and a waiver of fees for the project. The agreement for the project was signed by Governor Bentley, Mayor Fuller and Jill Schaaf, president of Baxter.

No information was disclosed about State of Alabama economic development incentives provided to Gambro to secure the project.

When Gambro decided to open a new dialyzer manufacturing facility in the U.S., they decided to locate it in the Fox Run Business Park in Opelika with an initial investment plan of $120 million in 2006 for a 100,000 square-foot facility and the creation of 150 new jobs. The facility has already grown well beyond this initial commitment.

At that time, Gambro said they chose Opelika for the new plant because of the location’s proximity to their customers, the skilled workforce in Opelika and Lee County, and a pool of university-trained experts from nearby educational institutions such as Auburn University.

Gambro will begin hiring for the 200 new jobs in 2016 when the first of the new production lines are expected to be operational.

Florida Counties Line up Economic Development Incentives for Thousands of Jobs

Orange and Palm Beach Counties in Florida have lined up economic development incentives for projects that are creating and helping retain thousands of jobs.

Office Depot Headquarters in Boca Raton, FL

Office Depot Headquarters in Boca Raton, FL (photo – officedepot.com)

Palm Beach County Commissioners approved two economic development incentive agreements, one for Office Depot, Inc. and the other one for Pratt & Whitney.

Office Depot merged with OfficeMax last year in November, leading to a tight competition between Illinois and Florida for the headquarters of the new merged entity.

Florida got the headquarters, assisted by the promise of a substantial hike in the incentive agreement that Office Depot already had with the State of Florida, Palm Beach County and the City of Boca Raton.

The original agreement signed in 2009 required the company to invest $210 million and maintain 1,750 full-time jobs through 2019, and create 200 new jobs by August 2014, all with an average annual wage of $76,792. Following the merger, the company announced that it will be adding another 378 jobs in addition to the prior commitment.

The amended agreement now requires the company to retain all 2,328 jobs for a five year period after 2019. The new jobs are high-wage jobs with an average annual salary of $104,000, with a five year local economic impact of $443 million.

Apart from the incentives provided in the original agreement, Office Depot is now getting another $5 million in incentives. This includes $3 million from the State of Florida as a Quick Action Closing Fund (QACF) grant, another $1.5 million as City of Boca Raton economic development incentives, and $500,000 as a Job Growth Incentive Grant from Palm Beach County.

Pratt & Whitney is likewise topping off a recent expansion in Palm Beach County with another one. The company recently opened a $63 million jet-engine center which is creating 230 jobs in the county. Now they’re planning another $25 million expansion with 110 new jobs with an average annual wage of $84,892.

In order to secure this latest expansion by Pratt & Whitney, the State of Florida is providing them $880,000 in QACF funding and $770,000 as a Qualified Target Industry (QTI) tax refund. Palm Beach County is chipping in with $650,000 as a local match in the form of an Ad Valorem Tax Exemption for up to six years.

Meanwhile, the Orange County Board of County Commissioners are considering approving $72,000 as the local share of a $360,000 incentive proposal to secure a support services consolidation project by John Bean Technologies Corp.

The JBT Corp shared services center (SSC) project would involve $1.75 million in investment and create 60 new high-wage jobs in Orange County with an average salary of at least $60,621, which is 150 percent of the prevailing average salary in the MSA.

State of Florida and Orange County economic development incentives for this project will be provided through the QTI tax refund program.

DECD, UNH, CONNSTEP Partnership Helps C. Cowles Consolidate Operations in North Haven, CT

C. Cowles & Company is relocating their combustion technology division and consolidating it with their corporate offices and four divisions in a new facility in North Haven, CT.

C. Cowles & Co.

C. Cowles & Co. (photo – ccowles.com)

As part of the relocation and consolidation, C. Cowles will be adding 59 new jobs to their existing workforce of 116 employees.

The company chose to relocate to the facility in North Haven that was formerly the Marlin Firearms factory after they were provided assisted in their relocation process by quasi-public state agency CONNSTEP and the University of New Haven.

Cowles CEO Lawrence C. Moon, Jr. contacted the University of New Haven for assistance from their graduate engineering program. A faculty member and five Masters’ Degree candidates were assigned to help the company relocate their Carlin Combustion Technology division to North Haven from its current location in Massachusetts.

A job fair the company conducted in North Haven resulted in more than 400 applications from people looking for employment.

“By partnering and connecting companies with our educational institutions, we are ensuring that Connecticut manufacturers have the workforce they need to compete in a global market and position our state for a manufacturing revolution,” said Governor Dannel P. Malloy.

The company also contacted CONNSTEP, a non-profit supported by the Connecticut Department of Economic and Community Development, that provides process improvement consulting services to businesses in Connecticut.

The entire relocation project was then carried out as a partnership effort involving C. Cowles, the UNH engineering team, CONNSTEP and DECD.

DECD is supporting the project by providing C. Cowles a package of Connecticut economic development incentives including a $250,000 job training grant and a $1.77 million loan to help the company acquire the building in North Haven and finance the relocation, retrofits and environmental mediation.

Furthermore, if the company meets its job creation and retention commitments, a part of the loan amounting up to $885,125 will be forgivable.

Mr. Moon noted that the financial and technical support, and the Malloy Administration’s business-friendly attitude, is essential for Connecticut to grow its manufacturing space, and added that without all this, they would not have consolidated their businesses from out of state to Connecticut.

CONNSTEP CEO Bonnie Del Conte said they are honored to be working with C. Cowles, and proud to be a part of Connecticut’s economic development strategy.

Dr. Nadiye Erdil, assistant professor at the UNH Tagliatela College of Engineering, said their partnership with C. Cowles provided a great opportunity for their engineering students to learn and use their skills and knowledge to make a positive impact on the area’s economic development.

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