Monday was a banner day for economic developers in the Dayton region, with the Ohio Tax Credit Authority approving tax credits for four job-creating projects in the area.
The credits fuel a hoped-for 1,400 new jobs for Southwestern Ohio and the Dayton area.
Chief among those projects are 600 new full-time jobs tied to a new distribution center for online pet retailer Chewy Inc. and 563 full-time jobs for Crown Equipment Corp.
AxoGen Processing is looking to create 200 new jobs in Vandalia and CPG will create 35 new jobs in Wilmington, according to the Tax Credit Authority.
An Authority spokeswoman put the value of these projects’ tax credits at:
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AxoGen Processing Corporation - $1,100,000
Chewy, Inc. - $1,750,000
CPG International LLC - $85,000
Crown Equipment Corporation - $5,055,000
Crown Equipment Corp. already has had a total of about 4,000 employees in Troy, New Bremen, Celina, Minster, New Knoxville and Fort Loramie.
On Monday, Crown was approved for a 10-year, 2.013 percent tax credit, with the expectation that the project would create 563 new jobs at a new annual payroll of $28.5 million.
The proposed Crown project involves increasing manufacturing, storage, and distribution operations, the state said.
Also on Monday’s Tax Credit Authority agenda, Chewy Inc. has a project set for Dayton.
The state cautioned that Ohio is competing with Indiana for the proposed project. But about an hour after the Tax Credit Authority announced credits for Chewy, the city of Dayton released a statement welcoming the company and quoting a Chewy official.
Chewy's new e‐commerce fulfillment center will be located on the south side of Lightner Road. The warehouse will cover more than 690,000 square feet, the city said.
“We are thrilled to extend Chewy’s fulfillment operations to Dayton, Ohio and appreciate the partnership with the city of Dayton, Montgomery County, Dayton Development Coalition and Jobs Ohio in the opening of our newest fulfillment center, our first in the state and eighth in the country,” Gregg Walsh, a Chewy Inc. vice president said in the city's release.
The Dayton Daily News was the first to report last week that Chewy, an online pet supplies company, is seeking to open a large distribution location near Dayton International Airport.
Chewy Inc. signed a lease for a 690,000-square-foot industrial building with developer NorthPoint, according to a real estate report from Colliers International, which recorded the lease as the largest Dayton-area industrial lease of 2018’s third quarter.
The Authority on Monday approved a 1.362 percent, eight-year tax credit for Chewy, with the expectation that the project will create 600 new jobs, at an annual payroll of nearly $17 million.
Also on Monday’s Tax Credit Authority agenda, AxoGen Processing Corp. has a project lined up for Vandalia.
Readers may recall that this news outlet first reported in August that AxoGen, a Florida medical devices manufacturer, purchased a Vandalia building and land for $5 million.
AxoGen Inc., of Alachua, Fla. bought the 2,400-square-foot building at 913 Industrial Park, in the Scholz Industrial Park, for $5 million, Montgomery County property records showed. “ARC CRVANOH001 LLC” was identified as the seller in the sale recorded Aug. 3.
The Tax Credit Authority Monday approved a 16-year, 1.58 percent tax credit for AxoGen Monday, with the expectation that the company will create 200 new full-time jobs, at a new annual payroll of $8.24 million.
Finally, CPG International LLC/ the AZEK Co./TimberTech was on Monday’s Tax Credit agenda for a project in Wilmington. The company makes composite-material decking products.
CPG will receive a 1.1 percent, six-year credit for the creation of 35 new jobs in Wilmington, at a new annual payroll of $1.3 million.
In total, the state expects the projects to create 1,398 new jobs.