Expanding companies bring 1,400 new jobs here

Posted at 7:17 AM, Sep 29, 2015
and last updated 2015-09-29 07:17:59-04

CINCINNATI -- An Illinois company that provides digital marketing solutions to car dealers heads a list of expanding companies that received tax credits from state officials Monday.

CDK Global is planning to create 1,000 jobs and retain 80 in a $9.75 million expansion of a “large tech support center” that has yet to reveal its location in southwest Ohio. The company received a 15-year, 75 percent tax credit worth an estimated $15.6 million in a deal approved by the Ohio Tax Credit Authority Monday. The company expects a net new payroll of $45 million with the expansion.

Other deals approved by state officials include:

  • RelaDyne LLC and Four O Corporation will create 30 new jobs in Springdale and Blue Ash, generating $2.2 million in new annual payroll and retaining $9 million in existing payroll. The companies provide lubrication services to automotive and industrial customers. They’ll receive a six-year, 45 percent tax credit worth an estimated $143,000.
  • Tech Mahindra (Americas) Inc. is bringing 50 new engineering jobs to Blue Ash with a seven-year, 50 percent tax credit worth an estimated $298,000. The India-based consulting firm is also relocating 35 jobs to Blue Ash from elsewhere in the region.
  • PFFA Acquisition LLC is planning to create 39 new jobs paying an average of $79,000 to fuel the expansion of a data-analytics firm owned by former Cincinnati Bengals wide receiver Cris Collinsworth. State officials authorized a six year, 45 percent tax credit worth an estimated $247,000.

The value of state tax credits can vary based on how many jobs companies add during the term of their agreement and how much those new employees pay in state income tax. Companies are reimbursed a portion of that tax revenue each year the incentive agreement remains in effect.

Economic development agency REDI Cincinnati said the incentives fueled what was already a good month for job creation in southwest Ohio. It counts 1,400 new jobs and capital investments totaling $22.2 million.

In addition to the expansion project that won state subsidies Monday, REDI said the executive search firm Lucas Group is creating 18 new jobs with a new office to serve Fortune 500 companies in the Midwest. The Israeli tech firm, CEMax, will create 10 new jobs with the opening of a U.S. headquarters.

And STOROPack Inc., which produces protective packaging products for shipping companies, will create 20 new jobs and retain 100 with an $11 million project that brings its North American headquarters to a manufacturing facility it already operates in West Chester.