More than 180 jobs will be created in the region following approval of Ohio tax credit assistance for four area companies, including one that will more than double its office size and employees at Austin Landing in Miami Twp.
The Ohio Tax Credit Authority reviewed 19 economic development proposals on Monday brought to the board by JobsOhio and its regional partners. The approved projects are expected to result in more than $138 million in new payroll, $127 million in investments and more than 2,194 new jobs, according to the state.
Cincinnati-based Health Carousel acquired Next Medical Staffing, another medical company, in October. Next Medical already had a presence in the Miami Valley, located at 7810 McEwen Road in Washington Twp. Now, the company plans to move its growing business to the five-story Progress Park Tower in Austin Landing.
Health Carousel, a workforce solutions company for the healthcare industry, received a six-year tax credit from the state. Ty Nelson, the president of Health Carousel, told the Dayton Daily News, that Next Medical Staffing has about 37 employees on the payroll, and is currently hiring for 15 more positions.
“We have aggressive plans to continue that hiring,” Nelson said.
By taking the tax credit, the authority requires the company to maintain operations at the project location for at least nine years. According to a state report, the company expects to create at least 60 full-time positions, generating more than $2 million in new, annual payroll. It will also retain $1.8 million in existing payroll as a result of its expansion project in Montgomery County.
The company’s current location is about 15,000 square feet, and its new location will be at least 49,000 to 52,000 square feet. Nelson said the office will most likely move in April, and thinks the Austin Landing area is an excellent fit for growing businesses.
“We hope it’ll be a recruiting benefit for us to attract top talent in the Dayton area,” Nelson said.
According to a state document, Miami Twp. has expressed support for the proposed project. Miami Twp. officials did not respond to calls for comment.
Next Medical Staffing isn’t the only business to benefit from the approved tax credits. Other businesses in the Miami Valley and West Chester Twp. received approval for millions in tax credits.
• Georgia-Pacific Corrugated in West Chester Twp. expects to create 29 full-time positions, generating $2.4 million in new, annual payroll. Georgia-Pacific, which manufactures and markets paper products and chemical products, received approval from the TCA for a seven-year job creation tax credit.
• Meridian Roofing Corp. plans to create 60 full-time positions at its Atlas Roofing Corp. subsidiary in Franklin, generating more than $3.5 million in new, annual payroll. It will also retain more than $10 million in existing payroll. Meridian Roofing, which manufactures residential and commercial building materials, received a seven-year tax credit.
Saf-Holland, Inc. in West Chester Twp. also expects to create 30 full-time positions, generating more than $2 million in new, annual payroll. Had the tax credit not been approved, the company likely would have left Butler County by 2018.
“The tax credit itself really helps us make that next step to serving our customers,” said Carl Mesker, SAF-Holland’s vice president, aftermarket (Americas).
The company will also retain more than $755,000 in existing payroll through its consolidation project. Saf-Holland, which manufactures coupling, lifting, and suspension systems for trucks, buses, tractors and trailers, received a seven-year tax credit.
Expected to occur by the end of March 2017, the consolidation will mean condensing operations in the company’s 115,000-square-foot warehouse into 60,000 square feet of space there to allow assembly operations to operate in the remaining 55,000 square feet of the facility.
“Kentucky and Indiana were both interested, so it would have meant movement of jobs,” Mesker said. “We might not have moved the Cincinnati jobs right away, but we probably would have within two years.”
Staff writer Eric Schwartzberg contributed to this report. Count on the Dayton Daily News for continued coverage of job growth in Dayton. Follow reporter Kara Driscoll on social media and sign up for our daily business newsletter.
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