The Ohio Tax Credit Authority approved a 1.687 percent, eight-year Job Creation Tax Credit for this project, the authority said Monday.
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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.”
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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.