CINCINNATI -- Gov. John Kasich announced Monday the approval for 12 projects expected to create 1,265 jobs statewide and bring 681 of those jobs to Southwest Ohio.
The 12 projects across the state of Ohio are expected to result in more than $66.4 million in new payroll and $187.4 million in investments.
CE Power Solutions, LLC , an electrical system solution provider, expects to create 24 full-time positions, generating $1.8 million in additional annual payroll and retain $3.8 million in existing payroll as a result of the company's expansion project in the City of Cincinnati. The Ohio Tax Credit Authority (TCA) approved a 40 percent, six-year 'Job Creating Tax Credit' for this project.
iMFLUX Inc., a subsidary of P&G, expects to create 221 full-time positions in West Chester, generating $17.5 million in additional annual payroll. The TCA approved a 60 percent, eight-year 'Job Creation Tax Credit' for iMFLUX.
MINTH North America Inc., of Lebanon, which designs and manufactures structural parts of vehicles, expects to create 418 full-time positions, generating $12.6 million in payroll. The TCA approved a 70 percent, 12-year tax credit for this particular project.
Systecon Inc., in West Chester, which designs and manufactures chiller plants and pumping systems, expects to create 18 full-time positions, generating $810,000 in additional annual payroll. Systecon was approved for a 35 percent, five-year tax credit.
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