A Lebanon manufacturer plans to create 62 new jobs, fueled by a just-announced state tax credit.
Kadant Black Clawson LLC, expects to create 62 full-time positions, generating $3.5 million in new annual payroll and retaining $7.4 million in current payroll as a result of the company’s consolidation project in this area, according to the state.
Kadant Black Clawson designs and makes products and systems used in industries ranging from paper and plastics to textiles and tires.
The Ohio Tax Credit Authority approved a 1.687 percent, eight-year Job Creation Tax Credit for this project, the authority said Monday.
As Cox Media Group Ohio reported recently, Kadant Black Clawson plans to move its operations into a new 130,000-square-foot building at 1425 Kingsview Drive in Lebanon’s Kingsview Industrial Park by mid-February.
“We’re excited to be creating great manufacturing jobs that offer highly competitive wages and benefits starting on day one,” said Peter Flynn, the company’s president. “Kadant is a great company to work for with many opportunities to make a difference in the workplace and in our community.”
In all Monday, Ohio Gov. John Kasich announced the approval of assistance for six projects set to create 656 new jobs and retain 1,365 jobs statewide.
Together, the projects are expected to result in more than $35 million in new payroll, and spur more than $30 million in investments across Ohio.