MONROE, Ohio — The Kroger Co. was approved for an eight-year tax credit worth an estimated $1.4 million to offset the cost of building the $55 million automated warehouse facility it announced in November.
The Monroe facility is expected to be the first in the nation under a partnership between Kroger and the British retailer Ocado. They're building the robot-powered distribution hub to deliver online grocery orders to the Cincinnati and Dayton area. The high-tech warehouse is expected to create 410 new jobs.
The Ohio Tax Credit Authority approved tax credits for the project after the companies pledged to have new annual payroll of nearly $19 million in place by December, 2023. That works out to roughly $46,000 per job.
The Kroger deal is one of two tax credits awarded to companies in Southwest Ohio Monday.
The engineering firm Quest Global Services was approved for a seven-year tax credit worth an estimated $200,000 after the company said it was considering Sharonville for a 60-job expansion that would be completed by the end of 2021.
The company told state officials it is looking to fill positions for people with aerospace and technical training. The 60 new jobs would pay a combined $3.9 million in annual payroll, or roughly $65,000 per job on average.