New Projects Expected to Create More Than $606 Million in Investments



(COLUMBUS, Ohio)—Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the approval of assistance for nine projects set to create 3,214 new jobs and retain 4,520 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 $187 million in new payroll and spur more than $606 million in investments across Ohio. Projects approved by the TCA include:

CENTRAL
Bath & Body Works Direct Inc., village of Commercial Point (Pickaway Co.), cities of Columbus, New Albany, and Reynoldsburg (Franklin Co.), expects to create 500 full-time positions, generating $18.3 million in new annual payroll and retaining $135 million in existing payroll as a result of the company’s expansion project in Commercial Point. Bath & Body Works is a retail store chain that specializes in shower gels, lotions, fragrance mists, perfumes, creams, candles, and home fragrances. The TCA approved a 1.421 percent, eight-year Job Creation Tax Credit for this project.

Transcendia Inc., village of Hebron (Licking Co.), expects to create 36 full-time positions, generating $1.9 million in new annual payroll and retaining $8 million in existing payroll as a result of the company’s expansion project in Hebron. Transcendia manufactures plastic films and other plastic products. The TCA approved a 1.274 percent, six-year Job Creation Tax Credit for this project.

NORTHWEST
Matsu Ohio Inc. (Matsu Automotive Group), village of Edgerton (Williams Co.), expects to create 104 full-time positions, generating $3.6 million in new annual payroll and retaining $8.6 million in existing payroll as a result of the company’s expansion project in Edgerton. Matsu Automotive Group is a stamping plant that provides body parts and welding and assembly capabilities. The TCA approved a 1.124 percent, seven-year Job Creation Tax Credit for this project.

Peloton Interactive Inc., Troy Township (Wood Co.), expects to create 2,174 full-time positions, generating $138 million in new annual payroll as a result of the company’s new project in Troy Township. Peloton is a leading interactive fitness platform and creates connected, technology-enabled fitness products and digital content. The TCA approved a 2.301 percent, 15-year Job Creation Tax Credit for this project.

SOUTHWEST
Magnode LLC, city of Trenton (Butler Co.), expects to create 171 full-time positions, generating $10.6 million in new annual payroll and retaining $16 million in existing payroll as a result of the company’s expansion project in Trenton. Magnode is an aluminum extrusion manufacturer. The TCA approved a 1.811 percent, nine-year Job Creation Tax Credit for this project.

Sentrilock LLC, West Chester township (Butler Co.), expects to create 79 full-time positions, generating $4.3 million in new annual payroll and retaining $9.5 million in existing payroll as a result of the company’s expansion project in West Chester. Sentrilock makes access management lockboxes and software to help administer, grant, and control access typically used in the real estate market. The TCA approved a 1.494 percent, seven-year Job Creation Tax Credit for this project.

StarStone US Intermediaries Inc., city of Cincinnati (Hamilton Co.), expects to create 40 full-time positions, generating $4.5 million in new annual payroll and retaining $3.3 million in existing payroll as a result of the company’s consolidation project in Cincinnati. StarStone is a specialty insurer providing property casualty and specialty insurance. The TCA approved a 1.936 percent, eight-year Job Creation Tax Credit for this project.

WESTERN
Aptima Inc., city of Fairborn (Greene Co.), expects to create 15 full-time positions, generating $1.1 million in new annual payroll and retaining $3.2 million in existing payroll as a result of the company’s expansion project in Fairborn. Aptima is a human-centered research, development, and engineering company. The TCA approved a 1.375 percent, six-year Job Creation Tax Credit for this project.

Resonetics LLC, city of Kettering (Montgomery Co.), expects to create 95 full-time positions, generating $5 million in new annual payroll and retaining $7.3 million in existing payroll as a result of the company’s expansion project in Kettering. Resonetics manufactures and develops laser micro components for the healthcare industry. The TCA approved a 1.493 percent, eight-year Job Creation Tax Credit for this project.

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