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Ohio offers job-creation tax credit for Vandalia project

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By John Nolan, Staff Writer Updated 4:11 PM Tuesday, October 27, 2009

VANDALIA — State officials have approved a 50 percent, job-creation tax credit valued at $404,000 over six years in a bid to encourage Carter Logistics LLC to bring 140 jobs to Vandalia.

The company is considering an expansion of its logistics operations that serve the automotive industry. Carter Logistics would invest $5.5 million in the project, state officials said.

Carter Logistics would create 140 full-time jobs, for a payroll of $5.2 million, within three years of the project’s initial operations, the Ohio Department of Development said Monday, Oct. 26. The company would be required to maintain operations at the Vandalia site for at least nine years.

Ohio is in competition for the project along with Indiana, Michigan, Arkansas, Texas and Mexico, the Development Department said.

The company has indicated it would want to build a 100,000-square-foot facility on a 25-acre site in Vandalia’s Stonequarry Crossings commercial development, which has about 140 acres available, state and city officials said. The commercial site is near Dayton International Airport.

The company has said that, wherever it chooses to locate, it wants to start building in spring 2010, Vandalia spokesman Rich Hopkins said Tuesday.

If Carter Logistics decides to build in Vandalia, the company could operate in the meantime out of a temporary site at 98 Quality Lane in West Carrollton, state officials said.

Carter Logistics, based in Anderson, Ind., is still evaluating the potential sites and options, spokesman Ken Waldron wrote in an e-mail response Tuesday. He declined to say when the company will announce its decision.

The Ohio tax credit would begin in January 2010 and end in December 2015. The average wage of the new employees would be $18 an hour, plus benefits worth $3.50 an hour, state officials said.

In September, Montgomery County promised up to $200,000 in economic development/government equity (ED/GE) grants in support of the project.

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