800+ new jobs expected from companies receiving tax credits

The companies slated to receive tax incentives after an Ohio Tax Credit Authority meeting Monday include:

• Tenneco Automotive Operating Co., which expects to create 483 full-time positions, generating $15.8 million in new annual payroll and retaining $22.8 million in existing payroll as a result of the company’s expansion project in Kettering, received a 1.724 percent, nine-year job creation tax credit. Tenneco designs, manufactures and distributes automotive ride control and emission control products and systems.

A spokeswoman for the authority said Tenneco’s project means 483 new jobs for the Kettering plant and 478 retained or existing jobs.

A spokesman for Lake Forest, Ill.-based Tenneco said he wanted to gather information before commenting.

• DMAX, which expects to create 150 full-time positions, generating $4.4 million in new annual payroll and retaining $35 million in existing payroll as a result of the company’s expansion project in Moraine, received a 0.926 percent, six-year job creation tax credit. DMAX manufactures diesel engines for trucks.

RELATED: DMAX to invest $82 million at truck engine plant, 150 jobs.

• Frontier Technology Corporation, which expects to create 45 full-time positions, generating $4.1 million in new annual payroll and retaining $2.5 million in existing payroll as a result of the company’s expansion project in Beavercreek, received a 1.772 percent, seven-year job creation tax credit. Frontier Technology integrates system engineering and operations research methodologies with information technology solutions.

• Silfex, which expects to create 109 full-time positions, generating $5 million in new annual payroll and retaining $20 million in existing payroll as a result of the company’s expansion project in Eaton, received a 1.321 percent, seven-year job creation tax credit. Silfex provides high purity custom silicon components and assemblies that serve a broad base of high technology markets.

The Ohio Tax Credit Authority is a five-member, independent board that considers requests for tax credits to help make possible business expansions or relocations.