Tax credits granted, jobs promised at new Springfield plant

Brad Pepper, vice president of Topre America, talks about the new $10 million facility his company plans to build in the Champion Business Park in Springfield and the Honda front end, in foreground, that they intend to build there. Bill Lackey/Staff

Credit: Bill Lackey

Credit: Bill Lackey

Brad Pepper, vice president of Topre America, talks about the new $10 million facility his company plans to build in the Champion Business Park in Springfield and the Honda front end, in foreground, that they intend to build there. Bill Lackey/Staff
Local News
By Matt Sanctis
April 24, 2017
X

The Ohio Tax Credit Authority unanimously approved today a seven-year tax credit for Topre America Corp.'s new Springfield plant.

The tax credits are expected to help the company create at least 85 new jobs and generate more than $3 million in new payroll.

>>RELATED: Honda supplier to add 85 jobs, invest $55M in Springfield plant 

Topre is a Honda and Toyota auto parts supplier that has announced plans to take over the Champion City Business Park in Springfield for its operations.

The credit will begin in 2019 and expire in 2025. Ohio competed with Pennsylvania for the new plant and jobs, according to information from the Dayton Development Coalition.

5 QUICK BUSINESS READS

ExploreHonda to invest $124M for new wind tunnel in East Liberty
ExploreJunior Achievement to honor Clark County business leaders
ExploreChampaign County manufacturers seek strategies to retain engineers 
ExploreScam watch: Shut out door-to-door peddlers 
ExploreClark County to change Urbana Road as Navistar continues expansion
In Other News
1
$20M contract approved for Montgomery County Jail behavioral health...
2
Public Health to spray for mosquitoes in Vandalia, Clayton Wednesday
3
Dayton Arcade’s newest vendor is a boutique dry bar with high-end...
4
Bicyclist, pedestrian crashes lead Fairmont HS admin, police to review...
5
Three major teachers’ unions sue Ohio, blame Republicans over STRS...

About the Author

Matt Sanctis